The Manufacturers Life Insurance Company Makes New Investment in ExlService Holdings, Inc. $EXLS

The Manufacturers Life Insurance Company purchased a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) during the second quarter, HoldingsChannel.com reports. The fund purchased 107,791 shares of the business services provider’s stock, valued at approximately $2,787,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EXLS. Fifth Third Bancorp boosted its position in shares of ExlService by 15.0% in the 4th quarter. Fifth Third Bancorp now owns 1,982 shares of the business services provider’s stock worth $84,000 after purchasing an additional 259 shares in the last quarter. Composition Wealth LLC increased its position in ExlService by 1.6% during the 4th quarter. Composition Wealth LLC now owns 20,230 shares of the business services provider’s stock valued at $859,000 after buying an additional 314 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in ExlService by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 54,274 shares of the business services provider’s stock valued at $2,390,000 after buying an additional 318 shares during the last quarter. Private Advisor Group LLC raised its stake in ExlService by 6.3% in the third quarter. Private Advisor Group LLC now owns 6,038 shares of the business services provider’s stock valued at $266,000 after buying an additional 358 shares during the last quarter. Finally, Diversified Trust Co boosted its holdings in ExlService by 5.2% in the first quarter. Diversified Trust Co now owns 7,441 shares of the business services provider’s stock worth $227,000 after acquiring an additional 371 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on EXLS shares. TD Cowen restated a “buy” rating and set a $45.00 price target (up from $43.00) on shares of ExlService in a research note on Thursday, August 27th. Barrington Research set a $43.00 price objective on shares of ExlService in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of ExlService from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 19th. Needham & Company LLC boosted their target price on shares of ExlService from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, Robert W. Baird set a $45.00 price target on shares of ExlService and gave the company an “outperform” rating in a research note on Thursday, July 30th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $44.50.

ExlService Stock Performance

Shares of EXLS opened at $37.42 on Wednesday. The stock has a 50-day moving average of $31.60 and a two-hundred day moving average of $30.55. The stock has a market cap of $5.67 billion, a P/E ratio of 23.53, a P/E/G ratio of 1.53 and a beta of 0.81. ExlService Holdings, Inc. has a one year low of $24.85 and a one year high of $45.08.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. ExlService had a return on equity of 30.61% and a net margin of 11.17%.The business had revenue of $594.76 million for the quarter, compared to analyst estimates of $573.94 million. During the same period in the prior year, the company earned $0.49 earnings per share. The company’s revenue was up 15.6% on a year-over-year basis. ExlService has set its FY 2026 guidance at 2.250-2.290 EPS. Analysts predict that ExlService Holdings, Inc. will post 1.82 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Vikas Bhalla sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $34.99, for a total value of $384,890.00. Following the sale, the insider owned 130,295 shares in the company, valued at $4,559,022.05. This represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.66% of the stock is currently owned by corporate insiders.

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.