Retirement Systems of Alabama Boosts Stock Holdings in ExlService Holdings, Inc. $EXLS

Retirement Systems of Alabama boosted its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 37.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 268,448 shares of the business services provider’s stock after buying an additional 72,635 shares during the period. Retirement Systems of Alabama’s holdings in ExlService were worth $11,755,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Whittier Trust Co. purchased a new stake in ExlService during the 1st quarter worth approximately $45,000. Strategic Investment Solutions Inc. IL purchased a new stake in ExlService during the 1st quarter worth approximately $77,000. Morse Asset Management Inc increased its stake in ExlService by 51.8% during the 1st quarter. Morse Asset Management Inc now owns 1,685 shares of the business services provider’s stock worth $80,000 after buying an additional 575 shares in the last quarter. 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 worth $85,000 after buying an additional 369 shares in the last quarter. Finally, Vestcor Inc purchased a new stake in ExlService during the 1st quarter worth approximately $106,000. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Vikas Bhalla sold 8,000 shares of the company’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 value of $350,080.00. Following the transaction, the insider directly owned 127,046 shares in the company, valued at approximately $5,559,532.96. This represents a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 4.04% of the company’s stock.

Analyst Ratings Changes

EXLS has been the subject of several research reports. Weiss Ratings lowered ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. JPMorgan Chase & Co. lowered 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 cut ExlService from a “buy” rating to a “hold” rating in a report on Saturday. 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 stock has an average rating of “Moderate Buy” and an average target price of $54.50.

ExlService Trading Down 2.8%

Shares of ExlService stock opened at $39.09 on Friday. ExlService Holdings, Inc. has a 1-year low of $37.30 and a 1-year high of $52.43. The stock has a market cap of $6.31 billion, a P/E ratio of 26.59, a P/E/G ratio of 1.77 and a beta of 0.86. The stock’s 50 day simple moving average is $42.53 and its 200-day simple moving average is $43.95. 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 (NASDAQ:EXLS) last released its quarterly earnings data on Tuesday, October 28th. The business services provider reported $0.48 EPS for the quarter, beating 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 firm had revenue of $529.59 million for the quarter, compared to analysts’ expectations of $522.35 million. During the same period in the prior year, the firm posted $0.44 earnings per share. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. Analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

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.