Engineers Gate Manager LP Sells 185,221 Shares of ExlService Holdings, Inc. $EXLS

Key Points

• Engineers Gate Manager LP cut its ExlService stake by 55% in the second quarter, selling 185,221 shares and retaining 151,409 shares valued at approximately $3.9 million. Institutional investors collectively own 92.92% of EXLS.
• Analyst sentiment remains positive, with six Buy ratings and one Hold rating. ExlService has a consensus “Moderate Buy” rating and an average price target of $44.50.
• ExlService exceeded quarterly expectations, reporting adjusted earnings of $0.59 per share versus $0.55 expected and revenue of $594.76 million, up 15.6% year over year.

Engineers Gate Manager LP decreased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 55.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,409 shares of the business services provider's stock after selling 185,221 shares during the period. Engineers Gate Manager LP owned approximately 0.10% of ExlService worth $3,915,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Transamerica Financial Advisors LLC increased its stake in ExlService by 285.2% in the 4th 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 during the last quarter. Hantz Financial Services Inc. increased its position in ExlService by 183.1% in the fourth quarter. Hantz Financial Services Inc. now owns 1,353 shares of the business services provider's stock worth $57,000 after purchasing an additional 875 shares during the last quarter. Leonteq Securities AG bought a new stake in ExlService in the fourth quarter worth $59,000. CIBC Private Wealth Group LLC raised 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 valued at $70,000 after purchasing an additional 614 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in ExlService during the third quarter valued at $72,000. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EXLS. Barrington Research set a $43.00 price objective on shares of ExlService in a research note on Thursday, July 30th. Robert W. Baird set a $45.00 target price on shares of ExlService and gave the company an "outperform" rating in a research report on Thursday, July 30th. Wall Street Zen lowered ExlService from a "buy" rating to a "hold" rating in a research report on Saturday. TD Cowen reiterated a "buy" rating and issued a $45.00 price target (up from $43.00) on shares of ExlService in a research report on Thursday, August 27th. Finally, Needham & Company LLC upped their price objective on ExlService from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, ExlService presently has a consensus rating of "Moderate Buy" and an average target price of $44.50.

Insiders Place Their Bets

In other news, insider Vikas Bhalla sold 11,000 shares of ExlService stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $34.99, for a total transaction of $384,890.00. Following the completion of the sale, the insider directly owned 130,295 shares in the company, valued at approximately $4,559,022.05. This trade represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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. 3.66% of the stock is currently owned by insiders.

ExlService Price Performance

ExlService stock opened at $35.26 on Friday. The firm has a market capitalization of $5.35 billion, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81. ExlService Holdings, Inc. has a 1-year low of $24.85 and a 1-year high of $44.32. The company's 50-day moving average is $33.17 and its 200 day moving average is $30.88.

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

About ExlService

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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