Amundi Increases Stock Holdings in ExlService Holdings, Inc. $EXLS

Key Points

• Amundi increased its ExlService stake by 17.8% in the second quarter, acquiring 137,396 additional shares and bringing its holdings to 907,421 shares valued at approximately $23.5 million. Institutional investors and hedge funds collectively own 92.92% of EXLS.
• Analyst sentiment remains positive, with six Buy ratings and one Hold rating producing a “Moderate Buy” consensus and an average price target of $44.50, above the reported share price of $35.26.
• ExlService exceeded quarterly expectations, reporting $0.59 in EPS versus the $0.55 consensus and revenue of $594.76 million, up 15.6% year over year. Insider Vikas Bhalla separately sold 11,000 shares under a pre-arranged Rule 10b5-1 plan.

Amundi boosted its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 17.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 907,421 shares of the business services provider's stock after acquiring an additional 137,396 shares during the quarter. Amundi owned about 0.60% of ExlService worth $23,466,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in EXLS. Transamerica Financial Advisors LLC grew its stake in shares of 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 in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of ExlService by 183.1% in the 4th quarter. Hantz Financial Services Inc. now owns 1,353 shares of the business services provider's stock valued at $57,000 after acquiring an additional 875 shares during the last quarter. Leonteq Securities AG acquired a new stake in shares of ExlService during the 4th quarter worth about $59,000. Cache Advisors LLC purchased a new stake in ExlService during the first quarter worth approximately $69,000. Finally, CIBC Private Wealth Group LLC lifted its stake in ExlService by 63.4% during the third 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 last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Vikas Bhalla sold 11,000 shares of the stock in a transaction on 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 sale, the insider owned 130,295 shares of the company's stock, valued at $4,559,022.05. This represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EXLS shares. TD Cowen reiterated a "buy" rating and set a $45.00 price target (up from $43.00) on shares of ExlService in a research note on Thursday, August 27th. Weiss Ratings upgraded shares of ExlService from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, September 2nd. Barrington Research set a $43.00 price objective on ExlService in a report on Thursday, July 30th. Wall Street Zen cut ExlService from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Robert W. Baird set a $45.00 target price on ExlService and gave the company an "outperform" rating in a report on Thursday, July 30th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, ExlService has an average rating of "Moderate Buy" and an average price target of $44.50.

ExlService Stock Performance

Shares of EXLS opened at $35.26 on Friday. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 1.39 and a beta of 0.81. The company's 50 day simple moving average is $33.17 and its 200 day simple moving average is $30.88. ExlService Holdings, Inc. has a 1 year low of $24.85 and a 1 year high of $44.32.

ExlService (NASDAQ:EXLS - Get Free Report) last released its earnings results on Tuesday, July 28th. The business services provider reported $0.59 EPS for the quarter, beating the consensus estimate of $0.55 by $0.04. The firm had revenue of $594.76 million during the quarter, compared to analyst estimates of $573.94 million. ExlService had a return on equity of 30.61% and a net margin of 11.17%.The business's quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 earnings per share. ExlService has set its FY 2026 guidance at 2.250-2.290 EPS. Equities analysts expect that ExlService Holdings, Inc. will post 1.82 EPS for the current fiscal year.

ExlService Profile

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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