Ieq Capital LLC Invests $1.02 Million in ExlService Holdings, Inc. $EXLS

Key Points

• Ieq Capital initiated a $1.02 million position in ExlService during the second quarter by purchasing 39,299 shares. Institutional investors and hedge funds collectively own 92.92% of the company.
• ExlService exceeded quarterly expectations, reporting $0.59 in EPS on $594.76 million in revenue, with revenue up 15.6% year over year. The company issued fiscal 2026 EPS guidance of $2.25–$2.29.
• Wall Street remains broadly positive, with six Buy ratings and one Hold rating and a consensus price target of $44.50. Shares recently traded at $38.18, while an insider separately sold 12,000 shares under a pre-arranged trading plan.

Ieq Capital LLC bought a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 39,299 shares of the business services provider's stock, valued at approximately $1,016,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EXLS. Fifth Third Bancorp grew its holdings in ExlService by 15.0% during the 4th quarter. Fifth Third Bancorp now owns 1,982 shares of the business services provider's stock worth $84,000 after acquiring an additional 259 shares during the last quarter. Composition Wealth LLC lifted its position in shares of ExlService by 1.6% during the fourth quarter. Composition Wealth LLC now owns 20,230 shares of the business services provider's stock worth $859,000 after purchasing an additional 314 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of ExlService by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 54,274 shares of the business services provider's stock valued at $2,390,000 after purchasing an additional 318 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of ExlService by 6.3% during the third quarter. Private Advisor Group LLC now owns 6,038 shares of the business services provider's stock valued at $266,000 after purchasing an additional 358 shares during the last quarter. Finally, Diversified Trust Co increased its holdings in shares of ExlService by 5.2% in the first quarter. Diversified Trust Co now owns 7,441 shares of the business services provider's stock valued at $227,000 after purchasing an additional 371 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

Insider Activity

In related news, insider Vikas Bhalla sold 12,000 shares of ExlService stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $30.22, for a total transaction of $362,640.00. Following the completion of the sale, the insider directly owned 153,295 shares of the company's stock, valued at $4,632,574.90. The trade was a 7.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.66% of the stock is owned by corporate insiders.

ExlService Price Performance

Shares of NASDAQ EXLS opened at $38.18 on Friday. The company's 50 day simple moving average is $30.88 and its 200 day simple moving average is $30.40. ExlService Holdings, Inc. has a fifty-two week low of $24.85 and a fifty-two week high of $45.08. The firm has a market capitalization of $5.79 billion, a P/E ratio of 24.01, a P/E/G ratio of 1.51 and a beta of 0.80.

ExlService (NASDAQ:EXLS - Get Free Report) last released its 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 net margin of 11.17% and a return on equity of 30.61%. The business's quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 EPS. ExlService has set its FY 2026 guidance at 2.250-2.290 EPS. Sell-side analysts expect that ExlService Holdings, Inc. will post 1.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Barrington Research set a $43.00 price objective on shares of ExlService in a research report on Thursday, July 30th. TD Cowen reissued a "buy" rating and issued a $45.00 target price (up from $43.00) on shares of ExlService in a research note on Thursday. Weiss Ratings upgraded ExlService from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, August 19th. JPMorgan Chase & Co. upped their price target on ExlService from $42.00 to $43.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. Finally, Robert W. Baird set a $45.00 price target on ExlService and gave the company an "outperform" rating in a report on Thursday, July 30th. Six investment analysts have rated the stock with a Buy rating and one has given 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 target price of $44.50.

ExlService Company Profile

ExlService Holdings, Inc NASDAQ: EXLS is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.

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