Citigroup Inc. Reduces Stock Position in ExlService Holdings, Inc. $EXLS

Citigroup Inc. decreased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 12.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,229 shares of the business services provider’s stock after selling 25,697 shares during the quarter. Citigroup Inc. owned 0.12% of ExlService worth $8,288,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Empowered Funds LLC raised its holdings in ExlService by 277.7% during the first quarter. Empowered Funds LLC now owns 17,384 shares of the business services provider’s stock worth $821,000 after purchasing an additional 12,781 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of ExlService by 4.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 497,474 shares of the business services provider’s stock valued at $23,486,000 after buying an additional 19,769 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of ExlService during the 1st quarter worth $10,084,000. Jennison Associates LLC boosted its position in shares of ExlService by 1.5% in the 2nd quarter. Jennison Associates LLC now owns 19,477 shares of the business services provider’s stock worth $853,000 after buying an additional 288 shares in the last quarter. Finally, Retirement Systems of Alabama grew its stake in ExlService by 37.1% in the 2nd quarter. Retirement Systems of Alabama now owns 268,448 shares of the business services provider’s stock valued at $11,755,000 after acquiring an additional 72,635 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Stock Up 0.8%

Shares of NASDAQ:EXLS opened at $31.25 on Monday. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 0.32. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 1.35 and a beta of 0.91. The stock’s 50-day moving average price is $37.71 and its two-hundred day moving average price is $40.27. ExlService Holdings, Inc. has a 12-month low of $26.94 and a 12-month high of $48.79.

Analyst Ratings Changes

A number of brokerages have issued reports on EXLS. TD Cowen cut their target price on shares of ExlService from $51.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday. Stifel Nicolaus cut their price objective on ExlService from $54.00 to $46.00 and set a “buy” rating for the company in a research report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price (down from $55.00) on shares of ExlService in a research note on Wednesday. Robert W. Baird set a $35.00 price target on ExlService in a research report on Wednesday. Finally, Wall Street Zen raised ExlService from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, ExlService has a consensus rating of “Moderate Buy” and a consensus target price of $43.60.

Trending Headlines about ExlService

Here are the key news stories impacting ExlService this week:

• Positive Sentiment: Q4 beat and raised/above-consensus FY‑2026 guidance — revenue and adjusted EPS topped expectations and management provided FY‑26 EPS guidance that reassured investors on near-term fundamentals. EXL Reports 2025 Fourth Quarter and Year-End Results; Issues 2026 Guidance
• Positive Sentiment: Management guidance and AI push — company projects 9%–11% organic growth for 2026 and is expanding AI-led services and cloud offerings, supporting revenue growth and higher-margin mix upside. ExlService expects 9%-11% organic growth in 2026 while expanding AI-led services
• Positive Sentiment: Strategic capital allocation & product shift — commentary on buybacks, cloud migration and updated targets signals management is prioritizing scalable, higher‑margin initiatives that can support multiple expansion if execution continues. How The ExlService (EXLS) Story Is Shifting With New Targets Buybacks And Cloud Moves
• Neutral Sentiment: Analyst target trims but buy ratings remain — TD Cowen and Stifel cut price targets (to $45 and $46) while keeping Buy ratings, narrowing upside expectations but still implying meaningful upside from current levels. Assessing ExlService Hldgs: Insights From 4 Financial Analysts
• Neutral Sentiment: Short-interest report appears unreliable — February short-interest data shows zero shares (likely a reporting glitch), so there’s no clear short-squeeze pressure indicated.
• Negative Sentiment: Insider selling disclosed — EVP Ajay Ayyappan sold ~1,197 shares recently; while small in dollar terms relative to institutional ownership, insider sales can be viewed negatively by some market participants. SEC Form 4 — Insider Sale
• Negative Sentiment: Technical/momentum headwinds — shares remain below the 50‑ and 200‑day moving averages, which can limit near-term upside until technicals improve and sustain a trend reversal.

Insider Buying and Selling

In related news, EVP Ajay Ayyappan sold 1,197 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $29.79, for a total transaction of $35,658.63. Following the completion of the transaction, the executive vice president owned 53,901 shares of the company’s stock, valued at approximately $1,605,710.79. This represents a 2.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Vikas Bhalla sold 11,774 shares of ExlService stock in a transaction on Tuesday, December 2nd. The shares were 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 in the company, valued at approximately $4,609,727.28. This trade represents a 9.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 23,360 shares of company stock valued at $920,567. 4.04% of the stock is owned by insiders.

About ExlService

ExlService Holdings, Inc (NASDAQ: EXLS) is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.