Legal & General Group Plc Acquires New Holdings in ExlService Holdings, Inc. $EXLS

Key Points

• Legal & General Group Plc acquired 209,933 shares of ExlService Holdings worth approximately $5.43 million, while institutional ownership reached 92.92% after several other investors also initiated positions.
• ExlService exceeded quarterly expectations, reporting $0.59 in EPS versus the $0.55 consensus and $594.76 million in revenue, up 15.6% year over year. The company provided fiscal 2026 EPS guidance of $2.25–$2.29.
• Analyst sentiment remains favorable: six analysts rate EXLS a Buy and one a Hold, producing a “Moderate Buy” consensus and an average price target of $44.50, compared with a recent share price of $37.32.

Legal & General Group Plc bought a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 209,933 shares of the business services provider's stock, valued at approximately $5,429,000. Legal & General Group Plc owned 0.14% of ExlService at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company bought a new position in shares of ExlService in the second quarter worth $2,787,000. Sanctuary Advisors LLC purchased a new position in ExlService during the second quarter worth about $1,215,000. Neumeier Poma Investment Counsel LLC bought a new position in ExlService in the 2nd quarter worth about $8,011,376. Bank of Nova Scotia bought a new position in ExlService in the 2nd quarter worth about $17,821,000. Finally, Foyston Gordon & Payne Inc purchased a new stake in shares of ExlService in the 2nd quarter valued at about $3,737,000. 92.92% of the stock is owned by institutional investors.

Insider Buying and Selling

In other ExlService news, insider Vikas Bhalla sold 11,000 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $34.99, for a total value of $384,890.00. Following the completion of the sale, the insider owned 130,295 shares in the company, valued at approximately $4,559,022.05. The trade was a 7.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.66% of the stock is owned by company insiders.

ExlService Trading Up 1.1%

Shares of NASDAQ:EXLS opened at $37.32 on Friday. The stock's 50-day moving average price is $32.06 and its 200-day moving average price is $30.66. ExlService Holdings, Inc. has a 12-month low of $24.85 and a 12-month high of $45.08. The stock has a market capitalization of $5.66 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 1.48 and a beta of 0.81.

ExlService (NASDAQ:EXLS - Get Free Report) last released its earnings results on Tuesday, July 28th. The business services provider reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.04. The company 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%.ExlService's revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 EPS. ExlService has set its FY 2026 guidance at 2.250-2.290 EPS. As a group, research analysts predict that ExlService Holdings, Inc. will post 1.82 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EXLS. Robert W. Baird set a $45.00 price objective on ExlService and gave the stock an "outperform" rating in a report on Thursday, July 30th. Weiss Ratings raised shares of ExlService from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, August 19th. Barrington Research set a $43.00 price target on shares of ExlService in a report on Thursday, July 30th. TD Cowen restated a "buy" rating and set a $45.00 price objective (up from $43.00) on shares of ExlService in a research report on Thursday, August 27th. Finally, Needham & Company LLC lifted their price objective on shares of ExlService from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, ExlService currently has an average rating of "Moderate Buy" and a consensus price target of $44.50.

About ExlService

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source