281,431 Shares in ExlService Holdings, Inc. $EXLS Purchased by Man Group plc

Key Points

• Man Group plc acquired 281,431 ExlService shares worth approximately $7.28 million in the second quarter, giving it a 0.19% stake. Institutional investors and hedge funds collectively own 92.92% of EXLS.
• Analysts maintain a positive outlook, with six Buy ratings and one Hold rating. ExlService has a consensus “Moderate Buy” rating and an average price target of $44.50.
• ExlService exceeded quarterly expectations, reporting $0.59 in EPS versus the $0.55 consensus and $594.76 million in revenue, up 15.6% year over year. Shares opened at $38.40, while an insider separately sold 11,000 shares under a pre-arranged trading plan.

Man Group plc acquired a new position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 281,431 shares of the business services provider's stock, valued at approximately $7,278,000. Man Group plc owned 0.19% of ExlService at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Empowered Funds LLC lifted its stake in ExlService by 277.7% during the first quarter. Empowered Funds LLC now owns 17,384 shares of the business services provider's stock worth $821,000 after purchasing an additional 12,781 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of ExlService by 4.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 497,474 shares of the business services provider's stock worth $23,486,000 after buying an additional 19,769 shares in the last quarter. Jane Street Group LLC bought a new position in shares of ExlService during the 1st quarter worth approximately $10,084,000. EverSource Wealth Advisors LLC lifted its position in shares of ExlService by 575.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,883 shares of the business services provider's stock worth $126,000 after buying an additional 2,456 shares during the period. Finally, Marshall Wace LLP acquired a new stake in ExlService in the 2nd quarter valued at $1,704,000. Institutional investors and hedge funds own 92.92% of the company's stock.

Insider Transactions at ExlService

In other news, insider Vikas Bhalla sold 11,000 shares of the company's stock in a transaction that occurred 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 sale, the insider owned 130,295 shares in the company, valued at $4,559,022.05. This represents a 7.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.66% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on EXLS. TD Cowen reissued a "buy" rating and issued a $45.00 target price (up from $43.00) on shares of ExlService in a report on Thursday. Weiss Ratings upgraded ExlService from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, August 19th. Needham & Company LLC boosted their price objective on ExlService from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Robert W. Baird set a $45.00 target price on ExlService and gave the stock an "outperform" rating in a report on Thursday, July 30th. Finally, Barrington Research set a $43.00 target price on ExlService in a research note on Thursday, July 30th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.50.

ExlService Price Performance

Shares of EXLS stock opened at $38.40 on Friday. The stock has a market cap of $5.82 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 1.54 and a beta of 0.80. The stock has a 50-day moving average of $31.13 and a 200-day moving average of $30.46. ExlService Holdings, Inc. has a one year low of $24.85 and a one year high of $45.08.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its earnings results on Tuesday, July 28th. The business services provider reported $0.59 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 firm had revenue of $594.76 million for the quarter, compared to the consensus estimate of $573.94 million. During the same period last year, the company posted $0.49 EPS. The business'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. As a group, research analysts anticipate that ExlService Holdings, Inc. will post 1.82 earnings per share for the current year.

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.

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