1,863,465 Shares in ExlService Holdings, Inc. $EXLS Bought by Bank of America Corp DE

Key Points

• Bank of America acquired 1.86 million ExlService shares in the second quarter, worth approximately $48.2 million and representing about 1.23% of the company. Institutional investors collectively own 92.92% of EXLS.
• ExlService reported quarterly EPS of $0.59, surpassing the $0.55 analyst estimate, while revenue rose 15.6% year over year to $594.76 million. The company issued fiscal 2026 EPS guidance of $2.25–$2.29.
• Analyst sentiment remains positive, with six Buy ratings and one Hold rating; the stock has a consensus “Moderate Buy” rating and a $44.50 target price versus its recent $35.15 price.

Bank of America Corp DE bought a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,863,465 shares of the business services provider's stock, valued at approximately $48,189,000. Bank of America Corp DE owned approximately 1.23% of ExlService as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Freestone Grove Partners LP bought a new stake in ExlService in the 2nd quarter worth approximately $1,341,000. Caisse de depot et placement du Quebec purchased a new stake in shares of ExlService during the 2nd quarter worth approximately $10,843,000. Odyssean LLC bought a new position in shares of ExlService during the 2nd quarter valued at approximately $2,666,000. Man Group plc bought a new position in shares of ExlService during the 2nd quarter valued at approximately $7,278,000. Finally, Roberts Glore & Co. Inc. IL purchased a new position in shares of ExlService in the second quarter valued at $363,000. 92.92% of the stock is currently owned by institutional investors.

ExlService Stock Performance

Shares of NASDAQ EXLS opened at $35.15 on Monday. The business's 50 day moving average price is $34.00 and its 200-day moving average price is $31.09. ExlService Holdings, Inc. has a fifty-two week low of $24.85 and a fifty-two week high of $44.32. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 1.41 and a beta of 0.81.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, beating 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 company had revenue of $594.76 million during the quarter, compared to analysts' expectations of $573.94 million. During the same quarter in the previous year, the business earned $0.49 EPS. ExlService's 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. Sell-side analysts predict that ExlService Holdings, Inc. will post 1.82 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on EXLS shares. Needham & Company LLC increased their price objective on shares of ExlService from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. TD Cowen restated a "buy" rating and issued a $45.00 target price (up from $43.00) on shares of ExlService in a report on Thursday, August 27th. Weiss Ratings upgraded shares of ExlService from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, September 2nd. Barrington Research set a $43.00 price target on shares of ExlService in a report on Thursday, July 30th. Finally, Robert W. Baird set a $45.00 price target on ExlService and gave the stock an "outperform" rating in a research report on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.50.

Insiders Place Their Bets

In other news, insider Vikas Bhalla sold 11,000 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $34.99, for a total transaction of $384,890.00. Following the transaction, the insider 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 sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.66% of the stock is currently owned by company insiders.

About ExlService

ExlService Holdings, Inc NASDAQ: EXLS, operating as EXL, is a global data analytics and digital operations company. It helps businesses use data, artificial intelligence and automation to improve decision-making, streamline processes and enhance customer experiences.

EXL provides services including advanced analytics, artificial intelligence, digital transformation, business process management, finance and accounting, customer care, claims administration, underwriting support and other industry-specific operations.

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