Trust Point Inc. Sells 7,010 Shares of ExlService Holdings, Inc. $EXLS

Key Points

• Trust Point Inc. reduced its stake in ExlService Holdings, Inc. by 24.7% during the second quarter, now holding 21,330 shares valued at $934,000.
• ExlService reported Q2 earnings of $0.49 per share, exceeding analyst estimates of $0.45, with a revenue of $514.46 million for the quarter.
• In recent analyst reports, JPMorgan Chase decreased its price target for ExlService from $56.00 to $52.00, while Needham & Company reaffirmed a buy rating with a target of $55.00.

Trust Point Inc. reduced its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 24.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,330 shares of the business services provider's stock after selling 7,010 shares during the period. Trust Point Inc.'s holdings in ExlService were worth $934,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in ExlService by 40.8% during the first quarter. JPMorgan Chase & Co. now owns 6,704,937 shares of the business services provider's stock valued at $316,540,000 after acquiring an additional 1,943,471 shares during the last quarter. Nuveen LLC acquired a new position in shares of ExlService during the first quarter valued at about $91,114,000. Driehaus Capital Management LLC purchased a new stake in ExlService in the 1st quarter valued at about $57,681,000. Invesco Ltd. increased its stake in ExlService by 125.5% in the 1st quarter. Invesco Ltd. now owns 1,582,235 shares of the business services provider's stock valued at $74,697,000 after buying an additional 880,612 shares during the last quarter. Finally, Millennium Management LLC increased its stake in ExlService by 1,632.6% in the 1st quarter. Millennium Management LLC now owns 771,653 shares of the business services provider's stock valued at $36,430,000 after buying an additional 727,117 shares during the last quarter. 92.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at ExlService

In other news, insider Vikas Bhalla sold 8,000 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The shares were 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 $5,559,532.96. The trade was a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.04% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EXLS. Needham & Company LLC reissued a "buy" rating and set a $55.00 target price on shares of ExlService in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. cut their price target on shares of ExlService from $56.00 to $52.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Five 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.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $51.33.

ExlService Stock Up 2.3%

NASDAQ:EXLS traded up $0.99 during mid-day trading on Friday, hitting $43.37. 4,226,966 shares of the company's stock were exchanged, compared to its average volume of 1,205,010. ExlService Holdings, Inc. has a one year low of $36.22 and a one 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. The business has a fifty day moving average price of $43.04 and a 200 day moving average price of $44.79. The company has a market cap of $7.00 billion, a PE ratio of 30.12, a P/E/G ratio of 1.98 and a beta of 0.84.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. The business had revenue of $514.46 million during the quarter, compared to analysts' expectations of $504.87 million. ExlService had a net margin of 12.00% and a return on equity of 25.38%. The business's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 earnings per share. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. Equities analysts predict that ExlService Holdings, Inc. will post 1.27 EPS 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.