Walleye Capital LLC Buys 228,447 Shares of ExlService Holdings, Inc. $EXLS

Walleye Capital LLC boosted its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 1,422.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 244,509 shares of the business services provider’s stock after buying an additional 228,447 shares during the quarter. Walleye Capital LLC’s holdings in ExlService were worth $7,445,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Transamerica Financial Advisors LLC increased its position in shares of ExlService by 285.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 678 shares of the business services provider’s stock worth $29,000 after purchasing an additional 502 shares during the last quarter. True Wealth Design LLC boosted its holdings in shares of ExlService by 57.2% in the 4th quarter. True Wealth Design LLC now owns 706 shares of the business services provider’s stock valued at $30,000 after buying an additional 257 shares during the last quarter. Private Trust Co. NA grew its stake in shares of ExlService by 56.2% in the fourth quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock valued at $30,000 after buying an additional 258 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of ExlService in the fourth quarter valued at $33,000. Finally, Hantz Financial Services Inc. increased its holdings in ExlService by 183.1% during the fourth quarter. Hantz Financial Services Inc. now owns 1,353 shares of the business services provider’s stock worth $57,000 after buying an additional 875 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

ExlService Stock Performance

NASDAQ EXLS opened at $26.83 on Thursday. The firm has a 50-day moving average of $27.97 and a 200-day moving average of $31.45. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The stock has a market cap of $4.10 billion, a PE ratio of 17.09, a P/E/G ratio of 1.15 and a beta of 0.84. ExlService Holdings, Inc. has a 52-week low of $24.85 and a 52-week 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 business had revenue of $570.35 million for the quarter, compared to analyst estimates of $557.67 million. ExlService had a net margin of 11.66% and a return on equity of 28.50%. ExlService’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 EPS. ExlService has set its FY 2026 guidance at 2.180-2.230 EPS. On average, sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.8 EPS for the current year.

Wall Street Analyst Weigh In

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

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.