SG Americas Securities LLC Sells 88,484 Shares of ExlService Holdings, Inc. $EXLS

SG Americas Securities LLC decreased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 65.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,126 shares of the business services provider’s stock after selling 88,484 shares during the period. SG Americas Securities LLC’s holdings in ExlService were worth $2,075,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Geneva Capital Management LLC increased its stake in ExlService by 7.7% in the 2nd quarter. Geneva Capital Management LLC now owns 5,013,398 shares of the business services provider’s stock worth $219,537,000 after acquiring an additional 357,833 shares during the last quarter. Invesco Ltd. increased its position in ExlService by 193.6% in the second quarter. Invesco Ltd. now owns 4,645,745 shares of the business services provider’s stock worth $203,437,000 after purchasing an additional 3,063,510 shares during the last quarter. Handelsbanken Fonder AB increased its position in ExlService by 30.5% in the second quarter. Handelsbanken Fonder AB now owns 3,583,322 shares of the business services provider’s stock worth $156,914,000 after purchasing an additional 836,632 shares during the last quarter. Fenimore Asset Management Inc raised its stake in ExlService by 0.7% during the third quarter. Fenimore Asset Management Inc now owns 2,789,992 shares of the business services provider’s stock valued at $122,843,000 after purchasing an additional 18,747 shares in the last quarter. Finally, Boston Trust Walden Corp lifted its position in ExlService by 1.7% during the second quarter. Boston Trust Walden Corp now owns 2,746,208 shares of the business services provider’s stock valued at $120,256,000 after purchasing an additional 47,162 shares during the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

ExlService Stock Up 1.9%

Shares of NASDAQ:EXLS opened at $42.48 on Thursday. The firm has a market capitalization of $6.74 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 1.68 and a beta of 0.91. The business has a 50 day simple moving average of $41.08 and a two-hundred day simple moving average of $42.14. ExlService Holdings, Inc. has a 1 year low of $37.30 and a 1 year high of $52.43. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.91 and a quick ratio of 2.91.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Tuesday, October 28th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The firm 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 quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $0.44 EPS. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. On average, equities analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EXLS. Weiss Ratings cut shares of ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Wall Street Zen upgraded ExlService from a “hold” rating to a “buy” rating in a research report on Saturday, January 3rd. Finally, TD Cowen lowered their price objective on ExlService from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, January 9th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, ExlService has a consensus rating of “Moderate Buy” and a consensus target price of $53.80.

Insider Activity

In other news, insider Vikas Bhalla sold 11,774 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $4,609,727.28. This represents a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.04% of the company’s stock.

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.