OP Asset Management Ltd Buys New Shares in ExlService Holdings, Inc. $EXLS

OP Asset Management Ltd purchased a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 112,068 shares of the business services provider’s stock, valued at approximately $3,412,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fox Run Management L.L.C. bought a new position in shares of ExlService during the 4th quarter valued at approximately $1,455,000. Nordea Investment Management AB bought a new stake in ExlService during the 4th quarter worth approximately $23,570,000. UBS Group AG raised its stake in ExlService by 103.6% during the 4th quarter. UBS Group AG now owns 1,091,714 shares of the business services provider’s stock worth $46,332,000 after acquiring an additional 555,382 shares during the period. Aberdeen Group plc lifted its holdings in ExlService by 18.8% during the fourth quarter. Aberdeen Group plc now owns 562,437 shares of the business services provider’s stock valued at $23,870,000 after purchasing an additional 89,194 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its holdings in ExlService by 18.5% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 693,008 shares of the business services provider’s stock valued at $29,411,000 after purchasing an additional 108,398 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

ExlService Stock Performance

ExlService stock opened at $25.98 on Friday. The company’s 50-day moving average price is $29.24 and its 200-day moving average price is $33.41. 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 company has a market cap of $3.97 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 1.10 and a beta of 0.82. ExlService Holdings, Inc. has a twelve month low of $25.15 and a twelve month high of $47.11.

ExlService (NASDAQ:EXLS) last announced its quarterly 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. The firm had revenue of $570.35 million during the quarter, compared to the consensus estimate of $557.67 million. ExlService had a net margin of 11.66% and a return on equity of 28.50%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.48 EPS. ExlService has set its FY 2026 guidance at 2.180-2.230 EPS. On average, equities research analysts forecast that ExlService Holdings, Inc. will post 1.8 EPS for the current fiscal year.

ExlService declared that its board has approved a stock repurchase program on Tuesday, March 17th that permits the company to buyback $125.00 million in shares. This buyback authorization permits the business services provider to repurchase up to 2.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other news, EVP Ajay Ayyappan sold 5,093 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $29.11, for a total transaction of $148,257.23. Following the transaction, the executive vice president owned 48,994 shares of the company’s stock, valued at approximately $1,426,215.34. The trade was a 9.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vikas Bhalla sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $30.22, for a total value of $362,640.00. Following the transaction, the insider directly owned 153,295 shares in the company, valued at approximately $4,632,574.90. This represents a 7.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EXLS. TD Cowen reissued a “buy” rating on shares of ExlService in a research note on Wednesday, June 17th. Weiss Ratings raised shares of ExlService from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 15th. Barrington Research reissued an “outperform” rating and issued a $40.00 price target on shares of ExlService in a report on Thursday. Finally, 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 report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, ExlService currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.50.

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.