Caisse de depot et placement du Quebec Invests $10.84 Million in ExlService Holdings, Inc. $EXLS

Key Points

• Caisse de dépôt et placement du Québec purchased 419,288 ExlService shares worth approximately $10.84 million, joining several other institutions that recently initiated positions. Institutional investors and hedge funds own 92.92% of the company.
• ExlService exceeded quarterly expectations, reporting $0.59 in earnings per share versus the $0.55 consensus and revenue of $594.76 million, up 15.6% year over year.
• Analysts maintain a favorable outlook, with six Buy ratings and one Hold rating; the consensus price target is $44.50, compared with the stock’s reported $38.40 opening price.

Caisse de depot et placement du Quebec purchased a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 419,288 shares of the business services provider's stock, valued at approximately $10,843,000. Caisse de depot et placement du Quebec owned about 0.28% of ExlService at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Odyssean LLC acquired a new position in ExlService in the second quarter worth $2,666,000. Man Group plc bought a new stake in shares of ExlService during the second quarter worth $7,278,000. Roberts Glore & Co. Inc. IL acquired a new stake in shares of ExlService in the second quarter valued at $363,000. Jupiter Topco LLC acquired a new stake in shares of ExlService in the second quarter valued at $1,769,000. Finally, Hsbc Holdings PLC bought a new position in shares of ExlService in the second quarter valued at about $8,391,000. 92.92% of the stock is owned by institutional investors and hedge funds.

ExlService Stock Up 0.6%

Shares of EXLS opened at $38.40 on Friday. ExlService Holdings, Inc. has a 12-month low of $24.85 and a 12-month high of $45.08. The firm has a market capitalization of $5.82 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 1.53 and a beta of 0.80. The stock's fifty day simple moving average is $31.13 and its 200-day simple moving average is $30.46.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $0.59 EPS for the quarter, topping analysts' consensus estimates 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 company's revenue was up 15.6% on a year-over-year basis. During the same period last year, the company earned $0.49 earnings per share. ExlService has set its FY 2026 guidance at 2.250-2.290 EPS. Analysts anticipate that ExlService Holdings, Inc. will post 1.82 EPS for the current year.

Insider Activity

In other news, insider Vikas Bhalla sold 12,000 shares of the firm's stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $30.22, for a total value of $362,640.00. Following the transaction, the insider owned 153,295 shares of the company's stock, valued at approximately $4,632,574.90. This trade represents a 7.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.66% of the company's stock.

Analysts Set New Price Targets

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

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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