Gallacher Capital Management LLC Purchases New Position in ExlService Holdings, Inc. $EXLS

Key Points

• Gallacher Capital Management LLC has purchased 7,395 shares of ExlService Holdings, Inc., valued at approximately $324,000.
• Insider Vikas Bhalla sold 8,000 shares of ExlService, decreasing his position by 5.92%, while still holding 127,046 shares valued at about $5.56 million.
• ExlService recently reported $0.49 earnings per share for Q2, exceeding analyst estimates, and has set its FY 2025 guidance at 1.860-1.900 EPS.

Gallacher Capital Management LLC bought a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,395 shares of the business services provider's stock, valued at approximately $324,000.

A number of other institutional investors and hedge funds have also bought and sold shares of EXLS. JPMorgan Chase & Co. raised its position in ExlService by 40.8% in the 1st quarter. JPMorgan Chase & Co. now owns 6,704,937 shares of the business services provider's stock valued at $316,540,000 after buying an additional 1,943,471 shares during the last quarter. Nuveen LLC purchased a new stake in ExlService in the 1st quarter valued at $91,114,000. Driehaus Capital Management LLC purchased a new stake in ExlService in the 1st quarter valued at $57,681,000. Invesco Ltd. raised its position in ExlService by 125.5% in the 1st quarter. Invesco Ltd. now owns 1,582,235 shares of the business services provider's stock valued at $74,697,000 after buying an additional 880,612 shares during the last quarter. Finally, Millennium Management LLC raised its position in ExlService by 1,632.6% in the 1st quarter. Millennium Management LLC now owns 771,653 shares of the business services provider's stock valued at $36,430,000 after buying an additional 727,117 shares during the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on EXLS shares. JPMorgan Chase & Co. lowered their price target on ExlService from $56.00 to $52.00 and set an "overweight" rating for the company in a research report on Wednesday, August 20th. Needham & Company LLC restated a "buy" rating and issued a $55.00 price objective on shares of ExlService in a research note on Tuesday, June 3rd. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, ExlService presently has an average rating of "Moderate Buy" and a consensus price target of $51.33.

Insider Buying and Selling at ExlService

In related news, insider Vikas Bhalla sold 8,000 shares of the firm's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $43.76, for a total transaction of $350,080.00. Following the transaction, the insider directly owned 127,046 shares of the company's stock, valued at approximately $5,559,532.96. This trade represents a 5.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 4.04% of the company's stock.

ExlService Price Performance

Shares of NASDAQ:EXLS traded up $0.99 on Friday, hitting $43.37. The company's stock had a trading volume of 4,226,966 shares, compared to its average volume of 1,205,010. The company has a 50-day simple moving average of $43.04 and a 200 day simple moving average of $44.81. ExlService Holdings, Inc. has a 1 year low of $36.22 and a 1 year high of $52.43. The company has a market capitalization of $7.00 billion, a PE ratio of 30.12, a PEG ratio of 1.93 and a beta of 0.84. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.15 and a quick ratio of 3.15.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.04. The firm had revenue of $514.46 million for the quarter, compared to analysts' expectations of $504.87 million. ExlService had a return on equity of 25.38% and a net margin of 12.00%.The company's revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 EPS. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. Sell-side analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

About ExlService

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.