Voya Investment Management LLC Sells 507,941 Shares of ExlService Holdings, Inc. $EXLS

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 reduced its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 36.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 890,201 shares of the business services provider's stock after selling 507,941 shares during the quarter. Voya Investment Management LLC owned about 0.55% of ExlService worth $42,026,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Balboa Wealth Partners grew its position in shares of ExlService by 5.0% during the 1st quarter. Balboa Wealth Partners now owns 5,140 shares of the business services provider's stock worth $243,000 after purchasing an additional 244 shares in the last quarter. Xponance Inc. grew its position in shares of ExlService by 1.2% during the 1st quarter. Xponance Inc. now owns 23,630 shares of the business services provider's stock worth $1,116,000 after purchasing an additional 270 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of ExlService by 1.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,112 shares of the business services provider's stock worth $713,000 after purchasing an additional 286 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of ExlService by 25.7% during 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 in the last quarter. Finally, State of Michigan Retirement System grew its position in shares of ExlService by 1.0% during the 1st quarter. State of Michigan Retirement System now owns 38,500 shares of the business services provider's stock worth $1,818,000 after purchasing an additional 400 shares in the last quarter. 92.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EXLS has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of ExlService from $56.00 to $52.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Needham & Company LLC restated a "buy" rating and set a $55.00 target price on shares of ExlService in a research report on Tuesday, June 3rd. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $51.33.

ExlService Stock Performance

NASDAQ EXLS opened at $43.59 on Friday. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of 30.27, a P/E/G ratio of 1.95 and a beta of 0.84. The firm's 50 day simple moving average is $43.23 and its 200 day simple moving average is $44.97. ExlService Holdings, Inc. has a 1 year low of $35.76 and a 1 year high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly 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 for the quarter, compared to analyst estimates of $504.87 million. ExlService had a net margin of 12.00% and a return on equity of 25.38%. The firm's revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. As a group, research analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Vikas Bhalla sold 8,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $43.76, for a total value of $350,080.00. Following the completion of the transaction, the insider owned 127,046 shares of the company's stock, valued at $5,559,532.96. This represents a 5.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.04% of the stock is currently owned by insiders.

ExlService 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.

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