Avantax Advisory Services Inc. Boosts Stock Position in ExlService Holdings, Inc. $EXLS

Avantax Advisory Services Inc. boosted its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 6.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,967 shares of the business services provider’s stock after buying an additional 3,116 shares during the period. Avantax Advisory Services Inc.’s holdings in ExlService were worth $2,188,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in EXLS. Strategic Investment Solutions Inc. IL purchased a new position in shares of ExlService in the 1st quarter worth about $77,000. Caitong International Asset Management Co. Ltd increased its stake in ExlService by 25.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider’s stock valued at $85,000 after purchasing an additional 369 shares in the last quarter. Huntington National Bank raised its holdings in ExlService by 14.4% in the second quarter. Huntington National Bank now owns 1,953 shares of the business services provider’s stock worth $86,000 after buying an additional 246 shares during the last quarter. Vestcor Inc bought a new position in shares of ExlService in the first quarter worth approximately $106,000. Finally, Blue Trust Inc. grew its holdings in shares of ExlService by 6.9% during the second quarter. Blue Trust Inc. now owns 3,914 shares of the business services provider’s stock valued at $171,000 after buying an additional 254 shares during the last quarter. 92.92% of the stock is owned by institutional investors.

ExlService Trading Up 1.8%

Shares of EXLS stock opened at $39.39 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.91 and a quick ratio of 3.15. The company has a market cap of $6.25 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.77 and a beta of 0.90. ExlService Holdings, Inc. has a 1 year low of $37.30 and a 1 year high of $52.43. The firm has a fifty day moving average price of $41.16 and a 200-day moving average price of $43.34.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, October 28th. The business services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. ExlService had a return on equity of 25.60% and a net margin of 11.91%.The company had revenue of $529.59 million for the quarter, compared to analysts’ expectations of $522.35 million. During the same period last year, the firm earned $0.44 EPS. ExlService’s revenue for the quarter 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 predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Buying and Selling at ExlService

In related news, insider Vikas Bhalla sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $43.76, for a total transaction of $350,080.00. Following the completion of the transaction, the insider directly owned 127,046 shares in the company, valued at approximately $5,559,532.96. The trade was a 5.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.04% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EXLS shares. JPMorgan Chase & Co. decreased their price objective on shares of ExlService from $56.00 to $52.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Wall Street Zen cut ExlService from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings downgraded ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.50.

About ExlService

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.