Catalyst Funds Management Pty Ltd Sells 32,700 Shares of ExlService Holdings, Inc. $EXLS

Catalyst Funds Management Pty Ltd cut its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 32.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 69,600 shares of the business services provider’s stock after selling 32,700 shares during the period. ExlService accounts for 0.7% of Catalyst Funds Management Pty Ltd’s holdings, making the stock its 27th biggest holding. Catalyst Funds Management Pty Ltd’s holdings in ExlService were worth $2,954,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CENTRAL TRUST Co boosted its stake in shares of ExlService by 2,428.0% during the third quarter. CENTRAL TRUST Co now owns 632 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 607 shares in the last quarter. True Wealth Design LLC boosted its stake in shares of ExlService by 57.2% during the fourth quarter. True Wealth Design LLC now owns 706 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 257 shares in the last quarter. Private Trust Co. NA boosted its stake in shares of ExlService by 56.2% during the fourth quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 258 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of ExlService during the fourth quarter valued at approximately $33,000. Finally, Leonteq Securities AG bought a new position in shares of ExlService during the fourth quarter valued at approximately $59,000. 92.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus dropped their price objective on shares of ExlService from $54.00 to $46.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Barrington Research set a $40.00 price objective on shares of ExlService and gave the company an “outperform” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. increased their price objective on shares of ExlService from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price (down from $55.00) on shares of ExlService in a research report on Wednesday, February 25th. Finally, Wall Street Zen raised shares of ExlService from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.50.

Insider Activity

In other ExlService news, EVP Ajay Ayyappan sold 5,093 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $29.11, for a total value of $148,257.23. Following the completion of the transaction, the executive vice president owned 48,994 shares of the company’s stock, valued at approximately $1,426,215.34. This trade represents a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 4.04% of the company’s stock.

ExlService Trading Up 1.0%

NASDAQ:EXLS opened at $29.51 on Friday. ExlService Holdings, Inc. has a 52 week low of $26.82 and a 52 week high of $48.54. The firm has a 50 day moving average of $30.33 and a 200 day moving average of $35.39. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 1.25 and a beta of 0.87.

ExlService (NASDAQ:EXLS) last posted its earnings results on Tuesday, April 28th. The business services provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. ExlService had a net margin of 11.66% and a return on equity of 28.50%. The company had revenue of $570.35 million during the quarter, compared to analysts’ expectations of $557.67 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. ExlService’s revenue for the quarter was up 13.8% compared to the same quarter last year. ExlService has set its FY 2026 guidance at 2.180-2.230 EPS. As a group, sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.79 earnings per share for the current fiscal year.

ExlService declared that its board has initiated a share buyback program on Tuesday, March 17th that authorizes the company to repurchase $125.00 million in shares. This repurchase authorization authorizes the business services provider to buy up to 2.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

ExlService Company Profile

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.