Public Employees Retirement System of Ohio Takes Position in ExlService Holdings, Inc. $EXLS

Key Points

• Public Employees Retirement System of Ohio bought 44,025 ExlService shares worth approximately $1.14 million in the second quarter. Institutional investors collectively own 92.92% of the company.
• Wall Street remains positive on ExlService, with six Buy ratings and one Hold rating producing a “Moderate Buy” consensus and an average price target of $44.50.
• ExlService exceeded quarterly expectations, reporting $0.59 in EPS versus the $0.55 estimate and revenue of $594.76 million, up 15.6% year over year.

Public Employees Retirement System of Ohio purchased a new position 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 purchased 44,025 shares of the business services provider's stock, valued at approximately $1,138,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Transamerica Financial Advisors LLC raised its stake in shares of ExlService by 285.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 678 shares of the business services provider's stock valued at $29,000 after acquiring an additional 502 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of ExlService by 183.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,353 shares of the business services provider's stock worth $57,000 after purchasing an additional 875 shares during the period. Leonteq Securities AG bought a new position in ExlService during the 4th quarter valued at about $59,000. Cache Advisors LLC bought a new position in ExlService during the 1st quarter valued at about $69,000. Finally, CIBC Private Wealth Group LLC raised its position in ExlService by 63.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,583 shares of the business services provider's stock worth $70,000 after purchasing an additional 614 shares during the period. 92.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. TD Cowen reaffirmed a "buy" rating and set a $45.00 target price (up from $43.00) on shares of ExlService in a research note on Thursday, August 27th. Robert W. Baird set a $45.00 price objective on ExlService and gave the company an "outperform" rating in a research report on Thursday, July 30th. Needham & Company LLC increased their target price on ExlService from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Weiss Ratings upgraded ExlService from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, September 2nd. Finally, Barrington Research set a $43.00 target price on shares of ExlService in a research note on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $44.50.

ExlService Stock Performance

ExlService stock opened at $35.52 on Wednesday. The company has a market capitalization of $5.39 billion, a PE ratio of 22.34, a P/E/G ratio of 1.47 and a beta of 0.81. The company has a 50 day moving average price of $32.69 and a 200-day moving average price of $30.78. ExlService Holdings, Inc. has a fifty-two week low of $24.85 and a fifty-two week high of $44.33.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $0.59 EPS for the quarter, topping the consensus estimate of $0.55 by $0.04. The company had revenue of $594.76 million for the quarter, compared to the consensus estimate of $573.94 million. ExlService had a return on equity of 30.61% and a net margin of 11.17%.ExlService's quarterly revenue was up 15.6% on a year-over-year basis. During the same period last year, the business posted $0.49 EPS. ExlService has set its FY 2026 guidance at 2.250-2.290 EPS. On average, analysts forecast that ExlService Holdings, Inc. will post 1.82 earnings per share for the current year.

Insiders Place Their Bets

In other ExlService news, insider Vikas Bhalla sold 11,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $34.99, for a total transaction of $384,890.00. Following the transaction, the insider directly owned 130,295 shares in the company, valued at $4,559,022.05. This represents a 7.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.66% of the stock is currently owned by company insiders.

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.

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.