Ieq Capital LLC Acquires New Holdings in ExlService Holdings, Inc. $EXLS

Ieq Capital LLC bought a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) in the 2nd quarter, Holdings Channel.com reports. The fund bought 39,299 shares of the business services provider’s stock, valued at approximately $1,016,000.

Several other hedge funds also recently bought and sold shares of the company. Callan Family Office LLC acquired a new position in shares of ExlService in the 2nd quarter valued at $369,000. Keebeck Wealth Management acquired a new stake in ExlService during the 2nd quarter worth $426,000. Allworth Financial LP acquired a new stake in ExlService during the 2nd quarter worth $79,000. Vise Technologies Inc. bought a new position in ExlService during the second quarter worth about $594,000. Finally, one8zero8 LLC bought a new position in ExlService during the second quarter worth about $2,589,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at ExlService

In other news, insider Vikas Bhalla sold 12,000 shares of ExlService 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 sale, the insider directly owned 153,295 shares in the company, valued at $4,632,574.90. This trade 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 is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.66% of the stock is owned by corporate insiders.

ExlService Price Performance

EXLS opened at $38.18 on Friday. The company has a market capitalization of $5.79 billion, a price-to-earnings ratio of 24.01, a P/E/G ratio of 1.51 and a beta of 0.80. The business’s 50-day moving average price is $30.88 and its two-hundred day moving average price is $30.40. ExlService Holdings, Inc. has a 1 year low of $24.85 and a 1 year high of $45.08.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $573.94 million. During the same period last year, the company earned $0.49 earnings per share. ExlService’s quarterly revenue was up 15.6% on a year-over-year basis. ExlService has set its FY 2026 guidance at 2.250-2.290 EPS. Sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Needham & Company LLC increased their price target on ExlService from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. TD Cowen reiterated a “buy” rating and set a $45.00 price objective (up from $43.00) on shares of ExlService in a report on Thursday. JPMorgan Chase & Co. boosted their price objective on ExlService from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Barrington Research set a $43.00 target price on shares of ExlService in a report on Thursday, July 30th. Finally, Weiss Ratings upgraded shares of ExlService from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 19th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

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.