ExlService Holdings, Inc. $EXLS Shares Sold by Sheets Smith Wealth Management

Key Points

• Sheets Smith Wealth Management reduced its stake in ExlService Holdings, Inc. by 49.4% during the second quarter, owning 15,271 shares worth $669,000 post-sale.
• Analyst ratings for ExlService include a “buy” rating from Needham & Company LLC with a target price of $55.00, while JPMorgan Chase & Co. revised their target from $56.00 to $52.00.
• ExlService reported a 14.7% increase in year-over-year revenue to $514.46 million, with quarterly earnings per share of $0.49, surpassing estimates.

Sheets Smith Wealth Management decreased its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 49.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,271 shares of the business services provider's stock after selling 14,885 shares during the quarter. Sheets Smith Wealth Management's holdings in ExlService were worth $669,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EXLS. Whittier Trust Co. acquired a new stake in ExlService during the first quarter worth about $45,000. Strategic Investment Solutions Inc. IL acquired a new position in ExlService during the 1st quarter valued at about $77,000. Morse Asset Management Inc boosted its stake in ExlService by 51.8% during the 1st quarter. Morse Asset Management Inc now owns 1,685 shares of the business services provider's stock valued at $80,000 after purchasing an additional 575 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in ExlService by 25.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider's stock valued at $85,000 after purchasing an additional 369 shares during the period. Finally, Fifth Third Bancorp boosted its stake in ExlService by 35.2% during the 1st quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider's stock valued at $101,000 after purchasing an additional 555 shares during the period. Institutional investors and hedge funds own 92.92% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on EXLS shares. Needham & Company LLC reissued a "buy" rating and set a $55.00 target price on shares of ExlService in a research note on Tuesday, June 3rd. JPMorgan Chase & Co. lowered their target price on shares of ExlService from $56.00 to $52.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.33.

Insiders Place Their Bets

In related news, insider Vikas Bhalla sold 8,000 shares of ExlService stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $43.76, for a total value of $350,080.00. Following the transaction, the insider owned 127,046 shares of the company's stock, valued at approximately $5,559,532.96. This trade represents a 5.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.04% of the company's stock.

ExlService Price Performance

Shares of NASDAQ EXLS opened at $43.64 on Thursday. ExlService Holdings, Inc. has a twelve month low of $36.82 and a twelve month high of $52.43. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 1.97 and a beta of 0.84. The firm has a 50-day moving average of $43.11 and a two-hundred day moving average of $44.73.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. ExlService had a net margin of 12.00% and a return on equity of 25.38%. The company had revenue of $514.46 million during the quarter, compared to the consensus estimate of $504.87 million. During the same period in the prior year, the company earned $0.40 EPS. ExlService's revenue was up 14.7% on a year-over-year basis. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. As a group, analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

ExlService Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.

Want to see what other hedge funds are holding EXLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.