Castleark Management LLC Cuts Stake in ExlService Holdings, Inc. $EXLS

Castleark Management LLC lessened its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 55.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 68,770 shares of the business services provider’s stock after selling 86,810 shares during the quarter. Castleark Management LLC’s holdings in ExlService were worth $3,011,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC purchased a new position in shares of ExlService in the second quarter worth about $43,000. Huntington National Bank lifted its position in ExlService by 14.4% in the second quarter. Huntington National Bank now owns 1,953 shares of the business services provider’s stock valued at $86,000 after purchasing an additional 246 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of ExlService by 53.3% during the second quarter. Canada Pension Plan Investment Board now owns 2,300 shares of the business services provider’s stock valued at $101,000 after purchasing an additional 800 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of ExlService by 575.2% in the second quarter. EverSource Wealth Advisors LLC now owns 2,883 shares of the business services provider’s stock worth $126,000 after purchasing an additional 2,456 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of ExlService in the second quarter worth $141,000. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

ExlService Price Performance

EXLS stock opened at $41.64 on Monday. The firm has a 50-day moving average of $40.25 and a 200 day moving average of $42.69. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.91 and a quick ratio of 2.91. The company has a market cap of $6.61 billion, a P/E ratio of 28.33, a PEG ratio of 1.95 and a beta of 0.91. ExlService Holdings, Inc. has a 1 year low of $37.30 and a 1 year high of $52.43.

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

Analyst Ratings Changes

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

Insider Transactions at ExlService

In other ExlService news, insider Vikas Bhalla sold 11,774 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $39.99, for a total transaction of $470,842.26. Following the completion of the transaction, the insider owned 115,272 shares of the company’s stock, valued at approximately $4,609,727.28. This trade represents a 9.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 4.04% of the company’s stock.

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.