Connor Clark & Lunn Investment Management Ltd. Takes Position in ExlService Holdings, Inc. $EXLS

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 32,771 shares of the business services provider’s stock, valued at approximately $1,435,000.

A number of other institutional investors also recently made changes to their positions in EXLS. Victory Capital Management Inc. raised its holdings in ExlService by 126.7% in the first quarter. Victory Capital Management Inc. now owns 257,824 shares of the business services provider’s stock valued at $12,172,000 after acquiring an additional 144,103 shares in the last quarter. Forum Financial Management LP bought a new stake in shares of ExlService in the 1st quarter worth about $209,000. Jennison Associates LLC acquired a new stake in shares of ExlService in the 1st quarter valued at about $906,000. Morse Asset Management Inc lifted its position in shares of ExlService by 51.8% during the first quarter. Morse Asset Management Inc now owns 1,685 shares of the business services provider’s stock worth $80,000 after purchasing an additional 575 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its stake in ExlService by 26.2% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 63,135 shares of the business services provider’s stock worth $2,980,000 after purchasing an additional 13,122 shares in the last quarter. 92.92% of the stock is owned by institutional investors and hedge funds.

ExlService Stock Performance

Shares of EXLS opened at $39.71 on Monday. The firm has a fifty day moving average of $41.65 and a 200-day moving average of $43.57. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 27.01, a price-to-earnings-growth ratio of 1.77 and a beta of 0.90. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.15 and a current ratio of 2.91. ExlService Holdings, Inc. has a 1 year low of $37.30 and a 1 year high of $52.43.

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at ExlService

In related news, insider Vikas Bhalla sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $43.76, for a total transaction of $350,080.00. Following the transaction, the insider owned 127,046 shares in the company, valued at $5,559,532.96. This trade represents a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.04% of the stock is currently owned by corporate insiders.

ExlService 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.