Kestrel Investment Management Corp Acquires New Holdings in ExlService Holdings, Inc. $EXLS

Kestrel Investment Management Corp bought a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) during the first quarter, HoldingsChannel reports. The fund bought 86,500 shares of the business services provider’s stock, valued at approximately $2,634,000. ExlService makes up about 1.6% of Kestrel Investment Management Corp’s portfolio, making the stock its 28th largest holding.

Several other institutional investors also recently modified their holdings of the stock. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of ExlService during the 1st quarter valued at $2,599,000. Sanctuary Advisors LLC grew its position in ExlService by 18.2% during the 1st quarter. Sanctuary Advisors LLC now owns 7,637 shares of the business services provider’s stock worth $233,000 after acquiring an additional 1,177 shares during the last quarter. Hillsdale Investment Management Inc. increased its holdings in ExlService by 15.4% in the 1st quarter. Hillsdale Investment Management Inc. now owns 200,820 shares of the business services provider’s stock worth $6,115,000 after purchasing an additional 26,820 shares in the last quarter. Principal Financial Group Inc. raised its position in ExlService by 4.0% in the first quarter. Principal Financial Group Inc. now owns 353,584 shares of the business services provider’s stock valued at $10,767,000 after purchasing an additional 13,527 shares during the last quarter. Finally, Bedel Financial Consulting Inc. raised its position in ExlService by 28.2% in the first quarter. Bedel Financial Consulting Inc. now owns 26,557 shares of the business services provider’s stock valued at $809,000 after purchasing an additional 5,844 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at ExlService

In related news, insider Vikas Bhalla sold 12,000 shares of ExlService stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $30.22, for a total transaction of $362,640.00. Following the completion of the transaction, the insider owned 153,295 shares of the company’s stock, valued at $4,632,574.90. This trade represents a 7.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ajay Ayyappan sold 5,093 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $29.11, for a total transaction of $148,257.23. Following the completion of the transaction, the executive vice president owned 48,994 shares in the company, valued at approximately $1,426,215.34. The trade was a 9.42% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.66% of the company’s stock.

ExlService Price Performance

ExlService stock opened at $28.69 on Friday. The stock’s 50 day moving average is $28.13 and its 200 day moving average is $31.88. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The firm has a market cap of $4.38 billion, a P/E ratio of 18.27, a P/E/G ratio of 1.16 and a beta of 0.84. ExlService Holdings, Inc. has a one year low of $24.85 and a one year high of $47.11.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, April 28th. The business services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. ExlService had a return on equity of 28.50% and a net margin of 11.66%.The business had revenue of $570.35 million for the quarter, compared to analysts’ expectations of $557.67 million. During the same period in the prior year, the business posted $0.48 earnings per share. The firm’s revenue was up 13.8% on a year-over-year basis. ExlService has set its FY 2026 guidance at 2.180-2.230 EPS. As a group, research analysts expect that ExlService Holdings, Inc. will post 1.8 EPS for the current year.

Analyst Upgrades and Downgrades

EXLS has been the topic of several research reports. Weiss Ratings cut ExlService from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 30th. TD Cowen reissued a “buy” rating and set a $39.00 target price (down from $45.00) on shares of ExlService in a report on Thursday, July 9th. JPMorgan Chase & Co. upped their price target on shares of ExlService from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Barrington Research reiterated an “outperform” rating and set a $40.00 price target on shares of ExlService in a report on Thursday, June 25th. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, ExlService currently has an average rating of “Moderate Buy” and a consensus target price of $40.50.

ExlService 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.