Legal & General Group Plc Takes $5.43 Million Position in ExlService Holdings, Inc. $EXLS

Legal & General Group Plc bought a new position in ExlService Holdings, Inc. (NASDAQ:EXLS) during the 2nd quarter, Holdings Channel reports. The fund bought 209,933 shares of the business services provider’s stock, valued at approximately $5,429,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Transamerica Financial Advisors LLC grew its position in shares of ExlService by 285.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 678 shares of the business services provider’s stock worth $29,000 after buying an additional 502 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in ExlService by 183.1% in the fourth quarter. Hantz Financial Services Inc. now owns 1,353 shares of the business services provider’s stock worth $57,000 after acquiring an additional 875 shares during the period. Leonteq Securities AG bought a new stake in ExlService in the fourth quarter valued at $59,000. Cache Advisors LLC bought a new stake in ExlService in the first quarter valued at $69,000. Finally, CIBC Private Wealth Group LLC increased its position in ExlService by 63.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,583 shares of the business services provider’s stock valued at $70,000 after purchasing an additional 614 shares during the period. Institutional investors own 92.92% of the company’s stock.

Wall Street Analysts Forecast Growth

EXLS has been the subject of several research reports. TD Cowen restated a “buy” rating and issued a $45.00 price objective (up from $43.00) on shares of ExlService in a report on Thursday, August 27th. Barrington Research set a $43.00 price target on shares of ExlService in a research report on Thursday, July 30th. Weiss Ratings raised shares of ExlService from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 19th. Robert W. Baird set a $45.00 price objective on shares of ExlService and gave the stock an “outperform” rating in a report on Thursday, July 30th. Finally, Needham & Company LLC upped their target price on ExlService from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.50.

Insider Buying and Selling at ExlService

In other news, insider Vikas Bhalla sold 11,000 shares of ExlService stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $34.99, for a total transaction of $384,890.00. Following the completion of the transaction, the insider directly owned 130,295 shares in the company, valued at approximately $4,559,022.05. This trade represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.66% of the company’s stock.

ExlService Trading Up 1.1%

Shares of EXLS stock opened at $37.32 on Friday. The company’s fifty day moving average price is $32.06 and its 200-day moving average price is $30.66. The stock has a market cap of $5.66 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 1.48 and a beta of 0.81. ExlService Holdings, Inc. has a 12 month low of $24.85 and a 12 month high of $45.08.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.04. ExlService had a net margin of 11.17% and a return on equity of 30.61%. The company had revenue of $594.76 million during the quarter, compared to analyst estimates of $573.94 million. During the same period last year, the business earned $0.49 EPS. ExlService’s quarterly revenue was up 15.6% compared to the same quarter last year. ExlService has set its FY 2026 guidance at 2.250-2.290 EPS. On average, sell-side analysts forecast that ExlService Holdings, Inc. will post 1.82 earnings per share for the current fiscal year.

ExlService Company 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.