Park Avenue Securities LLC Takes Position in ExlService Holdings, Inc. $EXLS

Key Points

• Park Avenue Securities LLC has acquired 6,025 shares of ExlService Holdings, Inc. valued at approximately $264,000 during the second quarter, indicating increased institutional interest in the company.
• Insider Vikas Bhalla sold 8,000 shares for about $350,080, marking a 5.92% decrease in their position, while corporate insiders collectively own 4.04% of ExlService stock.
• ExlService reported a 14.7% increase in quarterly revenue year-over-year, with an EPS of $0.49, surpassing analyst estimates and reflecting strong financial performance.

Park Avenue Securities LLC acquired a new position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,025 shares of the business services provider's stock, valued at approximately $264,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Whittier Trust Co. purchased a new stake in shares of ExlService during the 1st quarter worth approximately $45,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of ExlService in the first quarter valued at about $77,000. Morse Asset Management Inc lifted its holdings in ExlService by 51.8% in 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 lifted its position in shares of ExlService by 25.7% in 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 purchasing an additional 369 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of ExlService by 35.2% in the 1st quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider's stock worth $101,000 after acquiring an additional 555 shares in the last quarter. 92.92% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ExlService

In other ExlService 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 completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.04% of the company's stock.

ExlService Trading Down 0.7%

Shares of EXLS opened at $43.71 on Thursday. The company has a 50-day moving average of $43.21 and a 200 day moving average of $44.66. The firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 2.01 and a beta of 0.86. ExlService Holdings, Inc. has a 1-year low of $37.88 and a 1-year high of $52.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.15 and a quick ratio of 3.15.

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 (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. The company had revenue of $514.46 million for 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 firm's quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 earnings per share. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. On average, research analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

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

About ExlService

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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