ExlService Holdings, Inc. $EXLS Shares Sold by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC has reduced its stake in ExlService Holdings, Inc. by 36.3%, selling 507,941 shares during the first quarter of the year.
• Despite Voya's sale, other investors like Balboa Wealth Partners and Xponance Inc. increased their holdings, which showcases a diverse investment landscape as 92.92% of the stock is owned by institutional investors.
• The company's recent quarterly earnings report showed an EPS of $0.49, exceeding estimates and marking a 14.7% revenue increase compared to the previous year.

Voya Investment Management LLC decreased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 36.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 890,201 shares of the business services provider's stock after selling 507,941 shares during the quarter. Voya Investment Management LLC owned approximately 0.55% of ExlService worth $42,026,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in EXLS. JPMorgan Chase & Co. boosted its stake in shares of ExlService by 40.8% during the first quarter. JPMorgan Chase & Co. now owns 6,704,937 shares of the business services provider's stock worth $316,540,000 after buying an additional 1,943,471 shares during the period. Geneva Capital Management LLC lifted its position in shares of ExlService by 0.4% during the 1st quarter. Geneva Capital Management LLC now owns 4,655,565 shares of the business services provider's stock valued at $219,789,000 after acquiring an additional 18,647 shares during the period. Handelsbanken Fonder AB lifted its position in shares of ExlService by 25.2% during the 1st quarter. Handelsbanken Fonder AB now owns 2,746,690 shares of the business services provider's stock valued at $129,671,000 after acquiring an additional 552,000 shares during the period. Nuveen LLC acquired a new position in shares of ExlService during the 1st quarter worth approximately $91,114,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of ExlService by 0.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,741,156 shares of the business services provider's stock worth $82,201,000 after purchasing an additional 9,020 shares during the last quarter. Hedge funds and other institutional investors own 92.92% of the company's stock.

Insider Activity

In other news, insider Vikas Bhalla sold 8,000 shares of the business's stock in a transaction 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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.04% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on EXLS. Needham & Company LLC restated a "buy" rating and set a $55.00 price objective on shares of ExlService in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. lowered their target price 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 investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $51.33.

ExlService Trading Up 0.5%

Shares of NASDAQ EXLS traded up $0.23 during trading on Thursday, hitting $42.80. 397,553 shares of the company traded hands, compared to its average volume of 1,590,520. ExlService Holdings, Inc. has a 1 year low of $36.02 and a 1 year high of $52.43. The company has a 50-day moving average price of $43.07 and a 200-day moving average price of $44.88. The firm has a market capitalization of $6.91 billion, a P/E ratio of 29.64, a P/E/G ratio of 1.87 and a beta of 0.84. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 0.24.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings data 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. ExlService had a net margin of 12.00% and a return on equity of 25.38%. The company had revenue of $514.46 million during the quarter, compared to analysts' expectations of $504.87 million. During the same period in the previous year, the company earned $0.40 EPS. The business's quarterly revenue was up 14.7% compared to the same quarter last year. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. On average, 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.