Wellington Management Group LLP Grows Stake in ExlService Holdings, Inc. $EXLS

Key Points

• Wellington Management increased its ExlService stake by 9.9% in the second quarter, adding 46,890 shares to own 521,148 shares valued at approximately $13.5 million. Institutional investors collectively own 92.92% of the company.
• ExlService reported quarterly earnings of $0.59 per share and revenue of $594.76 million, exceeding analyst expectations, while revenue grew 15.6% year over year.
• Analysts maintain a favorable outlook, with six Buy ratings and one Hold rating producing a “Moderate Buy” consensus and an average price target of $44.50, compared with the stock’s reported $36.63 price.

Wellington Management Group LLP lifted its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 9.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 521,148 shares of the business services provider's stock after purchasing an additional 46,890 shares during the period. Wellington Management Group LLP owned 0.34% of ExlService worth $13,477,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Empowered Funds LLC grew its holdings in ExlService by 277.7% during the first quarter. Empowered Funds LLC now owns 17,384 shares of the business services provider's stock valued at $821,000 after purchasing an additional 12,781 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of ExlService by 4.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 497,474 shares of the business services provider's stock valued at $23,486,000 after buying an additional 19,769 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of ExlService during the 1st quarter valued at $10,084,000. EverSource Wealth Advisors LLC grew its stake in shares of ExlService by 575.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,883 shares of the business services provider's stock worth $126,000 after acquiring an additional 2,456 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of ExlService during the 2nd quarter worth $1,704,000. Institutional investors own 92.92% of the company's stock.

ExlService Price Performance

Shares of NASDAQ EXLS opened at $36.63 on Tuesday. The firm has a market capitalization of $5.55 billion, a P/E ratio of 23.04, a P/E/G ratio of 1.47 and a beta of 0.81. The stock's 50-day simple moving average is $32.49 and its two-hundred day simple moving average is $30.75. ExlService Holdings, Inc. has a twelve month low of $24.85 and a twelve month high of $45.08.

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

Analysts Set New Price Targets

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

Insider Transactions at ExlService

In other news, insider Vikas Bhalla sold 11,000 shares of the company's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $34.99, for a total value of $384,890.00. Following the completion of the transaction, the insider directly owned 130,295 shares in the company, valued at approximately $4,559,022.05. This represents a 7.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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.

About ExlService

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.

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