Livforsakringsbolaget Skandia Omsesidigt Reduces Stock Position in ExlService Holdings, Inc. $EXLS

Key Points

• Livforsakringsbolaget Skandia Omsesidigt significantly reduced its stake in ExlService Holdings by 68.7%, selling 38,800 shares during the second quarter.
• ExlService reported $0.49 EPS for the last quarter, exceeding estimates, with a revenue of $514.46 million, marking a 14.7% increase year-over-year.
• Analyst ratings for ExlService include five "Buy" ratings and one "Hold", with an average target price of $51.33.

Livforsakringsbolaget Skandia Omsesidigt reduced its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 68.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,700 shares of the business services provider's stock after selling 38,800 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in ExlService were worth $775,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Whittier Trust Co. acquired a new position in ExlService during the 1st quarter worth approximately $45,000. Strategic Investment Solutions Inc. IL acquired a new position in ExlService during the 1st quarter worth approximately $77,000. Morse Asset Management Inc raised 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 worth $80,000 after buying an additional 575 shares during the period. Caitong International Asset Management Co. Ltd raised 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 worth $85,000 after buying an additional 369 shares during the period. Finally, Fifth Third Bancorp raised 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 worth $101,000 after buying an additional 555 shares during the period. 92.92% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other ExlService news, insider Vikas Bhalla sold 8,000 shares of the stock in a transaction 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 completion of the transaction, the insider directly owned 127,046 shares of the company's stock, valued at approximately $5,559,532.96. This represents a 5.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EXLS shares. Needham & Company LLC reissued a "buy" rating and set a $55.00 price objective on shares of ExlService in a report on Tuesday, June 3rd. JPMorgan Chase & Co. decreased their price objective on ExlService from $56.00 to $52.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $51.33.

ExlService Stock Performance

Shares of EXLS stock traded down $0.19 during trading on Thursday, hitting $42.38. The company's stock had a trading volume of 1,668,722 shares, compared to its average volume of 1,182,467. The company has a market cap of $6.84 billion, a PE ratio of 29.43, a P/E/G ratio of 1.94 and a beta of 0.84. 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 business has a fifty day moving average of $43.02 and a 200-day moving average of $44.84. ExlService Holdings, Inc. has a 52 week low of $36.02 and a 52 week high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last released its earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. The company 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%.ExlService's quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 earnings per share. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. As a group, research analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

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.