Bank of New York Mellon Corp Acquires Shares of 975,027 ExlService Holdings, Inc. $EXLS

Key Points

• Bank of New York Mellon acquired 975,027 ExlService shares worth approximately $25.2 million, giving it a 0.64% stake. Institutional investors and hedge funds collectively own 92.92% of EXLS.
• Wall Street maintains a positive outlook, with six analysts rating EXLS a Buy and one assigning a Hold. The stock has a “Moderate Buy” consensus rating and a $44.50 average price target.
• 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 the company’s 12-month range is $24.85 to $45.08.

Bank of New York Mellon Corp bought a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 975,027 shares of the business services provider's stock, valued at approximately $25,214,000. Bank of New York Mellon Corp owned about 0.64% of ExlService as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Transamerica Financial Advisors LLC lifted its stake in ExlService by 285.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 678 shares of the business services provider's stock worth $29,000 after purchasing an additional 502 shares during the last quarter. Hantz Financial Services Inc. grew its position 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 valued at $57,000 after buying an additional 875 shares during the last quarter. Leonteq Securities AG acquired a new stake in ExlService during the fourth quarter worth about $59,000. Cache Advisors LLC bought a new position in ExlService in the first quarter worth about $69,000. Finally, CIBC Private Wealth Group LLC boosted its stake in ExlService by 63.4% in the third quarter. CIBC Private Wealth Group LLC now owns 1,583 shares of the business services provider's stock valued at $70,000 after acquiring an additional 614 shares during the period. Institutional investors and hedge funds own 92.92% of the company's stock.

Wall Street Analysts Forecast Growth

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

ExlService Price Performance

EXLS opened at $38.40 on Monday. ExlService Holdings, Inc. has a 12 month low of $24.85 and a 12 month high of $45.08. The stock has a market cap of $5.82 billion, a P/E ratio of 24.15, a P/E/G ratio of 1.54 and a beta of 0.80. The stock's 50 day moving average price is $31.13 and its 200 day moving average price is $30.46.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $573.94 million. During the same quarter in the previous year, the firm posted $0.49 EPS. The firm'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. Equities analysts anticipate that ExlService Holdings, Inc. will post 1.82 EPS for the current year.

Insider Buying and Selling

In other ExlService news, insider Vikas Bhalla sold 12,000 shares of the business's stock in a transaction dated Thursday, June 4th. The shares were 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 approximately $4,632,574.90. The trade was a 7.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.66% of the company's stock.

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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