VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in ExlService Holdings, Inc. $EXLS

Key Points

• Virginia Retirement Systems purchased 79,000 ExlService shares worth approximately $2.04 million, while institutional investors and hedge funds collectively own 92.92% of the company.
• Analysts maintain a generally positive outlook, with six Buy ratings and one Hold rating, an overall “Moderate Buy” consensus, and an average price target of $44.50 versus the stock’s $35.26 opening price.
• ExlService exceeded quarterly expectations, reporting $0.59 in EPS and $594.76 million in revenue, up 15.6% year over year; the company provided fiscal 2026 EPS guidance of $2.25–$2.29.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 79,000 shares of the business services provider's stock, valued at approximately $2,043,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.05% of ExlService as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in EXLS. Transamerica Financial Advisors LLC raised its stake in shares of ExlService by 285.2% in the 4th 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 in the last quarter. Hantz Financial Services Inc. grew its holdings in ExlService by 183.1% during the fourth quarter. Hantz Financial Services Inc. now owns 1,353 shares of the business services provider's stock valued at $57,000 after purchasing an additional 875 shares during the last quarter. Leonteq Securities AG acquired a new position in ExlService during the fourth quarter valued at approximately $59,000. Cache Advisors LLC bought a new position in shares of ExlService in the first quarter valued at approximately $69,000. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of ExlService by 63.4% in the third quarter. CIBC Private Wealth Group LLC now owns 1,583 shares of the business services provider's stock worth $70,000 after buying an additional 614 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on EXLS. TD Cowen reiterated a "buy" rating and issued a $45.00 target price (up from $43.00) on shares of ExlService in a research note on Thursday, August 27th. Weiss Ratings upgraded shares of ExlService from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, September 2nd. Wall Street Zen lowered ExlService from a "buy" rating to a "hold" rating in a research note on Saturday. Barrington Research set a $43.00 price objective on ExlService in a research report on Thursday, July 30th. Finally, Robert W. Baird set a $45.00 target price on ExlService and gave the company an "outperform" rating in a research note on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $44.50.

ExlService Price Performance

NASDAQ:EXLS opened at $35.26 on Friday. ExlService Holdings, Inc. has a one year low of $24.85 and a one year high of $44.32. The company has a fifty day moving average price of $33.17 and a 200 day moving average price of $30.88. The stock has a market cap of $5.35 billion, a P/E ratio of 22.18, a PEG ratio of 1.39 and a beta of 0.81.

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

Insiders Place Their Bets

In related news, insider Vikas Bhalla sold 11,000 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was 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. The trade was a 7.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 currently owned by company insiders.

ExlService Company Profile

ExlService Holdings, Inc NASDAQ: EXLS, operating as EXL, is a global data analytics and digital operations company. It helps businesses use data, artificial intelligence and automation to improve decision-making, streamline processes and enhance customer experiences.

EXL provides services including advanced analytics, artificial intelligence, digital transformation, business process management, finance and accounting, customer care, claims administration, underwriting support and other industry-specific operations.

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