Allworth Financial LP Purchases 43,368 Shares of ExlService Holdings, Inc. $EXLS

Allworth Financial LP raised its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 18,533.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,602 shares of the business services provider’s stock after purchasing an additional 43,368 shares during the quarter. Allworth Financial LP’s holdings in ExlService were worth $1,909,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in EXLS. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of ExlService in the second quarter valued at approximately $1,435,000. EFG Asset Management North America Corp. grew its holdings in ExlService by 11.3% during the 2nd quarter. EFG Asset Management North America Corp. now owns 106,695 shares of the business services provider’s stock worth $4,672,000 after acquiring an additional 10,824 shares during the last quarter. Huntington National Bank increased its position in ExlService by 14.4% in the 2nd quarter. Huntington National Bank now owns 1,953 shares of the business services provider’s stock valued at $86,000 after acquiring an additional 246 shares during the period. Hussman Strategic Advisors Inc. bought a new position in shares of ExlService during the second quarter valued at $920,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of ExlService by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 1,263,705 shares of the business services provider’s stock worth $55,338,000 after purchasing an additional 20,808 shares during the period. 92.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EXLS has been the subject of a number of recent research reports. Weiss Ratings downgraded ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. JPMorgan Chase & Co. reduced their target price on ExlService from $56.00 to $52.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Finally, Wall Street Zen raised shares of ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, November 9th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.50.

ExlService Trading Up 0.9%

NASDAQ EXLS opened at $39.87 on Friday. The stock has a market capitalization of $6.33 billion, a P/E ratio of 27.12, a P/E/G ratio of 1.77 and a beta of 0.90. The business has a 50 day simple moving average of $41.75 and a 200 day simple moving average of $43.64. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.91 and a quick ratio of 3.15. ExlService Holdings, Inc. has a one year low of $37.30 and a one year high of $52.43.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Tuesday, October 28th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. The firm had revenue of $529.59 million for the quarter, compared to analyst estimates of $522.35 million. ExlService had a return on equity of 25.60% and a net margin of 11.91%.The company’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 earnings per share. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. Research analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Buying and Selling

In other ExlService news, insider Vikas Bhalla sold 8,000 shares of ExlService stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $43.76, for a total value of $350,080.00. Following the completion of the sale, the insider directly owned 127,046 shares of the company’s stock, valued at approximately $5,559,532.96. The trade was a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.04% of the company’s stock.

ExlService Company Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.