WINTON GROUP Ltd Sells 188,608 Shares of ExlService Holdings, Inc. $EXLS

Key Points

• WINTON GROUP Ltd cut its ExlService stake by 76.1% in the second quarter, selling 188,608 shares and retaining 59,081 shares valued at approximately $1.53 million.
• ExlService reported quarterly EPS of $0.59 and revenue of $594.76 million, beating analyst estimates; revenue increased 15.6% year over year.
• Analysts remain broadly bullish, with six Buy ratings and one Hold rating, producing a “Moderate Buy” consensus and an average price target of $44.50 versus the reported share price of $35.26.

WINTON GROUP Ltd decreased its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 76.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,081 shares of the business services provider's stock after selling 188,608 shares during the quarter. WINTON GROUP Ltd's holdings in ExlService were worth $1,528,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of ExlService during the second quarter valued at $488,370,000. California State Teachers Retirement System boosted its stake in ExlService by 2,282.9% in the 2nd quarter. California State Teachers Retirement System now owns 4,505,950 shares of the business services provider's stock worth $116,524,000 after purchasing an additional 4,316,853 shares in the last quarter. AQR Capital Management LLC grew its position in ExlService by 109.7% during the 4th quarter. AQR Capital Management LLC now owns 4,118,625 shares of the business services provider's stock valued at $174,794,000 after purchasing an additional 2,154,652 shares during the last quarter. Bank of America Corp DE purchased a new stake in ExlService during the 2nd quarter valued at about $48,189,000. Finally, Amundi bought a new stake in ExlService during the 3rd quarter valued at about $67,862,000. 92.92% of the stock is owned by hedge funds and other institutional investors.

ExlService Stock Up 1.8%

NASDAQ EXLS opened at $35.26 on Friday. ExlService Holdings, Inc. has a 52 week low of $24.85 and a 52 week high of $44.32. The firm has a market capitalization of $5.35 billion, a P/E ratio of 22.18, a PEG ratio of 1.42 and a beta of 0.81. The company has a 50-day moving average price of $33.17 and a 200-day moving average price of $30.88.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $0.59 EPS for the quarter, topping the consensus estimate of $0.55 by $0.04. The firm had revenue of $594.76 million for the quarter, compared to the consensus estimate of $573.94 million. ExlService had a return on equity of 30.61% and a net margin of 11.17%.The business's revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 earnings per share. 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.

Insider Activity 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 owned 130,295 shares of the company's stock, valued at $4,559,022.05. This represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.66% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on EXLS shares. Needham & Company LLC lifted their target price on shares of ExlService from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Robert W. Baird set a $45.00 price target on shares of ExlService and gave the company an "outperform" rating in a research report on Thursday, July 30th. TD Cowen restated 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. Wall Street Zen cut ExlService from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Weiss Ratings upgraded ExlService from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, September 2nd. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $44.50.

ExlService 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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