ExlService Holdings, Inc. $EXLS Stock Position Cut by Voya Investment Management LLC

Voya Investment Management LLC decreased its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 77.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 180,678 shares of the business services provider’s stock after selling 613,655 shares during the period. Voya Investment Management LLC’s holdings in ExlService were worth $7,955,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in EXLS. Oak Thistle LLC bought a new position in shares of ExlService in the third quarter valued at approximately $1,073,000. Osaic Holdings Inc. lifted its position in ExlService by 146.5% in the second quarter. Osaic Holdings Inc. now owns 14,659 shares of the business services provider’s stock worth $646,000 after purchasing an additional 8,713 shares during the period. Hudson Bay Capital Management LP bought a new position in ExlService during the 2nd quarter valued at $879,000. Headlands Technologies LLC acquired a new position in shares of ExlService during the 2nd quarter valued at $141,000. Finally, Tower Research Capital LLC TRC increased its position in shares of ExlService by 904.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 73,933 shares of the business services provider’s stock valued at $3,238,000 after purchasing an additional 66,571 shares during the period. 92.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at ExlService

In other news, insider Vikas Bhalla sold 11,774 shares of ExlService stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $39.99, for a total value of $470,842.26. Following the transaction, the insider directly owned 115,272 shares of the company’s stock, valued at $4,609,727.28. This trade represents a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.04% of the stock is currently owned by company insiders.

ExlService Stock Performance

Shares of NASDAQ EXLS opened at $43.32 on Wednesday. The stock’s fifty day simple moving average is $40.37 and its 200 day simple moving average is $42.49. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 29.47, a PEG ratio of 2.03 and a beta of 0.91. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.43. ExlService Holdings, Inc. has a 52-week low of $37.30 and a 52-week high of $52.43.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Tuesday, October 28th. The business services provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $529.59 million during the quarter, compared to analyst estimates of $522.35 million. ExlService had a return on equity of 25.60% and a net margin of 11.91%.ExlService’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the company posted $0.44 EPS. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. As a group, sell-side analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EXLS. Wall Street Zen lowered ExlService from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. Weiss Ratings downgraded shares of ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.50.

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.