689,135 Shares in ExlService Holdings, Inc. $EXLS Purchased by Bank of Nova Scotia

Key Points

• Bank of Nova Scotia purchased 689,135 shares of ExlService Holdings, valued at approximately $17.8 million, giving it a 0.45% stake. Institutional investors collectively own 92.92% of the company.
• Analysts maintain a favorable outlook, with six Buy ratings and one Hold rating, producing a consensus “Moderate Buy” rating and an average price target of $43.50.
• ExlService exceeded quarterly expectations, reporting $0.59 in EPS versus the $0.55 consensus and revenue of $594.76 million. Revenue increased 15.6% year over year, while the stock opened at $37.53.

Bank of Nova Scotia purchased a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 689,135 shares of the business services provider's stock, valued at approximately $17,821,000. Bank of Nova Scotia owned 0.45% of ExlService at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Weiss Ratings upgraded ExlService from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday. Needham & Company LLC lifted their price target on shares of 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 research report on Thursday, July 30th. JPMorgan Chase & Co. upped their target price on ExlService from $42.00 to $43.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Finally, TD Cowen reiterated a "buy" rating and set a $39.00 price objective (down from $45.00) on shares of ExlService in a research note on Thursday, July 9th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, ExlService has a consensus rating of "Moderate Buy" and an average target price of $43.50.

Insiders Place Their Bets

In other ExlService news, insider Vikas Bhalla sold 11,000 shares of the company's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $34.99, for a total value of $384,890.00. Following the completion of the transaction, the insider owned 130,295 shares in the company, valued at approximately $4,559,022.05. This represents a 7.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 currently owned by corporate insiders.

ExlService Stock Performance

NASDAQ EXLS opened at $37.53 on Monday. ExlService Holdings, Inc. has a one year low of $24.85 and a one year high of $45.08. The company has a 50-day simple moving average of $30.08 and a 200-day simple moving average of $30.24. The firm has a market capitalization of $5.69 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 1.51 and a beta of 0.80.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its earnings results 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. The firm had revenue of $594.76 million for the quarter, compared to analysts' expectations of $573.94 million. ExlService had a net margin of 11.17% and a return on equity of 30.61%. ExlService's revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the company posted $0.49 earnings per share. ExlService has set its FY 2026 guidance at 2.250-2.290 EPS. Equities analysts forecast that ExlService Holdings, Inc. will post 1.82 earnings per share for the current year.

About ExlService

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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