Canada Pension Plan Investment Board Takes $1.43 Million Position in ExlService Holdings, Inc. $EXLS

Key Points

• Canada Pension Plan Investment Board acquired 55,400 ExlService shares worth approximately $1.43 million, while institutional investors collectively own 92.92% of the company.
• Analyst sentiment remains positive: six analysts rate EXLS a Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average price target of $44.50.
• ExlService exceeded quarterly expectations with $0.59 in EPS versus $0.55 forecast and revenue of $594.76 million, up 15.6% year over year.

Canada Pension Plan Investment Board purchased a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 55,400 shares of the business services provider's stock, valued at approximately $1,433,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. purchased a new position in ExlService during the 2nd quarter valued at about $488,370,000. AQR Capital Management LLC lifted its holdings in shares of ExlService by 109.7% in the fourth quarter. AQR Capital Management LLC now owns 4,118,625 shares of the business services provider's stock valued at $174,794,000 after purchasing an additional 2,154,652 shares in the last quarter. Amundi purchased a new stake in shares of ExlService in the third quarter valued at about $67,862,000. Jane Street Group LLC grew its position in shares of ExlService by 534.2% in the second quarter. Jane Street Group LLC now owns 1,354,599 shares of the business services provider's stock valued at $59,318,000 after purchasing an additional 1,141,008 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of ExlService in the second quarter valued at approximately $25,214,000. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Vikas Bhalla sold 12,000 shares of the company's stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $30.22, for a total transaction of $362,640.00. Following the completion of the transaction, the insider owned 153,295 shares of the company's stock, valued at approximately $4,632,574.90. This represents a 7.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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.

Analyst Ratings Changes

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

ExlService Stock Performance

Shares of EXLS opened at $38.08 on Tuesday. ExlService Holdings, Inc. has a fifty-two week low of $24.85 and a fifty-two week high of $45.08. The company has a market capitalization of $5.77 billion, a PE ratio of 23.95, a price-to-earnings-growth ratio of 1.54 and a beta of 0.80. The stock has a fifty day moving average of $31.38 and a two-hundred day moving average of $30.50.

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