18,885,133 Shares in ExlService Holdings, Inc. $EXLS Bought by BlackRock Inc.

Key Points

• BlackRock acquired 18.9 million ExlService shares worth approximately $488.4 million, giving it a 12.46% stake. Institutional investors collectively own 92.92% of the company.
• ExlService reported quarterly earnings of $0.59 per share, beating estimates by $0.04, while revenue rose 15.6% year over year to $594.76 million.
• Analysts maintain a positive outlook, with six Buy ratings and one Hold rating, a “Moderate Buy” consensus, and an average price target of $43.50 versus the stock’s reported $37.66 price.

BlackRock Inc. acquired a new position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 18,885,133 shares of the business services provider's stock, valued at approximately $488,370,000. BlackRock Inc. owned about 12.46% of ExlService at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Transamerica Financial Advisors LLC raised its position in ExlService by 285.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 678 shares of the business services provider's stock worth $29,000 after acquiring an additional 502 shares during the period. Hantz Financial Services Inc. increased its stake in shares of ExlService by 183.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,353 shares of the business services provider's stock worth $57,000 after purchasing an additional 875 shares during the last quarter. Leonteq Securities AG purchased a new stake in shares of ExlService during the 4th quarter worth approximately $59,000. CIBC Private Wealth Group LLC raised its holdings in shares of ExlService by 63.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,583 shares of the business services provider's stock worth $70,000 after purchasing an additional 614 shares during the period. Finally, Johnson Financial Group Inc. bought a new stake in shares of ExlService in the 3rd quarter worth approximately $72,000. Institutional investors own 92.92% of the company's stock.

ExlService Price Performance

Shares of EXLS stock opened at $37.66 on Tuesday. The company's fifty day simple moving average is $30.27 and its two-hundred day simple moving average is $30.28. ExlService Holdings, Inc. has a 1 year low of $24.85 and a 1 year high of $45.08. The stock has a market capitalization of $5.71 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 1.51 and a beta of 0.80.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The business services provider reported $0.59 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the business earned $0.49 earnings per share. The firm'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. Equities research analysts anticipate that ExlService Holdings, Inc. will post 1.82 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Barrington Research set a $43.00 price objective on ExlService in a report on Thursday, July 30th. Weiss Ratings upgraded ExlService from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, August 19th. Needham & Company LLC upped their price target on ExlService from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. TD Cowen reiterated a "buy" rating and set a $39.00 price target (down from $45.00) on shares of ExlService in a research note on Thursday, July 9th. Finally, Robert W. Baird set a $45.00 price objective on ExlService and gave the stock an "outperform" rating in a report on Thursday, July 30th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $43.50.

Insiders Place Their Bets

In other news, insider Vikas Bhalla sold 12,000 shares of the company's stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $30.22, for a total transaction of $362,640.00. Following the sale, the insider directly owned 153,295 shares in the company, valued at $4,632,574.90. This represents a 7.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.66% of the stock is owned by insiders.

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.

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