ExlService Holdings, Inc. $EXLS Shares Sold by Fenimore Asset Management Inc

Key Points

• Fenimore Asset Management cut its ExlService stake by 59.6% in the third quarter, selling 1,022,551 shares and retaining 694,432 shares valued at approximately $23.9 million. Institutional investors collectively own 92.92% of EXLS.
• Analyst sentiment remains favorable, with six Buy ratings and one Hold rating producing a consensus “Moderate Buy” rating and an average price target of $44.50.
• ExlService exceeded quarterly expectations with adjusted earnings of $0.59 per share versus $0.55 expected and revenue of $594.76 million, up 15.6% year over year. Shares recently traded at $36.87.

Fenimore Asset Management Inc reduced its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 59.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 694,432 shares of the business services provider's stock after selling 1,022,551 shares during the period. Fenimore Asset Management Inc owned 0.46% of ExlService worth $23,875,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. acquired a new position in ExlService in the second quarter worth $488,370,000. Bank of America Corp DE acquired a new position in shares of ExlService in the 2nd quarter valued at $48,189,000. Bank of New York Mellon Corp acquired a new position in ExlService during the second quarter valued at approximately $25,214,000. Deutsche Bank AG bought a new stake in shares of ExlService in the second quarter worth about $19,355,000. Finally, Bank of Nova Scotia acquired a new stake in shares of ExlService during the second quarter worth $17,821,000. Institutional investors own 92.92% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on EXLS. Weiss Ratings raised shares of ExlService from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, September 2nd. Needham & Company LLC upped their price objective 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. Barrington Research set a $43.00 price target on ExlService in a research note on Thursday, July 30th. Wall Street Zen raised shares of ExlService from a "hold" rating to a "buy" rating in a report on Saturday, September 26th. Finally, Robert W. Baird set a $45.00 price objective on ExlService and gave the company an "outperform" rating in a report on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.50.

Insiders Place Their Bets

In other news, insider Vikas Bhalla sold 11,000 shares of the company's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $35.38, for a total value of $389,180.00. Following the completion of the transaction, the insider owned 109,295 shares of the company's stock, valued at $3,866,857.10. This represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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.

ExlService Price Performance

Shares of EXLS stock traded up $1.36 on Thursday, hitting $36.87. The stock had a trading volume of 2,506,161 shares, compared to its average volume of 2,323,794. The business has a 50 day moving average of $35.71 and a 200 day moving average of $31.47. ExlService Holdings, Inc. has a 12-month low of $24.85 and a 12-month high of $43.88. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 1.42 and a beta of 0.84.

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, 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 business's revenue for the quarter 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. As a group, research analysts expect that ExlService Holdings, Inc. will post 1.82 earnings per share for the current fiscal year.

ExlService Profile

ExlService Holdings, Inc NASDAQ: EXLS, commonly known as EXL, is a data analytics and digital operations company that helps organizations use data, artificial intelligence and technology to improve business performance. The company combines analytics, digital transformation and business process expertise to support decision-making, streamline operations and manage complex workflows.

EXL provides services and technology solutions across areas including insurance, healthcare, banking and capital markets, retail and consumer goods, utilities, media, travel and transportation.

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