ExlService Holdings, Inc. $EXLS Stake Cut by AMI Asset Management Corp

AMI Asset Management Corp cut its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 45.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,538 shares of the business services provider's stock after selling 25,063 shares during the quarter. AMI Asset Management Corp's holdings in ExlService were worth $1,293,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in EXLS. Balboa Wealth Partners lifted its holdings in shares of ExlService by 5.0% during the 1st quarter. Balboa Wealth Partners now owns 5,140 shares of the business services provider's stock valued at $243,000 after buying an additional 244 shares during the last quarter. Xponance Inc. lifted its holdings in shares of ExlService by 1.2% during the 1st quarter. Xponance Inc. now owns 23,630 shares of the business services provider's stock valued at $1,116,000 after buying an additional 270 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of ExlService by 1.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,112 shares of the business services provider's stock valued at $713,000 after buying an additional 286 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of 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 buying an additional 369 shares during the last quarter. Finally, State of Michigan Retirement System lifted its holdings in shares of ExlService by 1.0% during the 1st quarter. State of Michigan Retirement System now owns 38,500 shares of the business services provider's stock valued at $1,818,000 after buying an additional 400 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their price target on ExlService from $56.00 to $52.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $51.33.

ExlService Stock Down 0.7%

EXLS opened at $43.71 on Thursday. The business has a 50 day moving average price of $43.21 and a 200 day moving average price of $44.66. ExlService Holdings, Inc. has a twelve month low of $37.88 and a twelve month high of $52.43. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.15 and a current ratio of 3.15. The firm has a market cap of $7.06 billion, a P/E ratio of 30.35, a price-to-earnings-growth ratio of 2.01 and a beta of 0.86.

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

Insider Activity

In other news, insider Vikas Bhalla sold 8,000 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $43.76, for a total transaction of $350,080.00. Following the sale, the insider directly owned 127,046 shares in the company, valued at approximately $5,559,532.96. The trade was a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.04% of the company's stock.

ExlService Company 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.

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