AMI Asset Management Corp Sells 25,063 Shares of ExlService Holdings, Inc. $EXLS

AMI Asset Management Corp trimmed its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 45.9% during the second quarter, HoldingsChannel.com reports. The fund owned 29,538 shares of the business services provider’s stock after selling 25,063 shares during the quarter. AMI Asset Management Corp’s holdings in ExlService were worth $1,293,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. bought a new stake in ExlService in the second quarter valued at $334,000. Truist Financial Corp grew its position in ExlService by 4.0% in the second quarter. Truist Financial Corp now owns 25,268 shares of the business services provider’s stock valued at $1,106,000 after acquiring an additional 982 shares during the period. Campbell Newman Asset Management Inc. boosted its stake in ExlService by 7.2% in the second quarter. Campbell Newman Asset Management Inc. now owns 79,122 shares of the business services provider’s stock worth $3,465,000 after purchasing an additional 5,319 shares in the last quarter. Congress Asset Management Co. acquired a new position in ExlService in the second quarter worth $7,584,000. Finally, Dakota Wealth Management boosted its stake in ExlService by 69.1% in the second quarter. Dakota Wealth Management now owns 10,614 shares of the business services provider’s stock worth $465,000 after purchasing an additional 4,338 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

Insider Transactions at ExlService

In other news, insider Vikas Bhalla sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $43.76, for a total transaction of $350,080.00. Following the sale, the insider owned 127,046 shares of the company’s stock, valued at $5,559,532.96. This trade represents a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 4.04% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their price objective on ExlService from $56.00 to $52.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, ExlService currently has a consensus rating of “Moderate Buy” and an average target price of $51.33.

ExlService Price Performance

ExlService stock opened at $43.71 on Thursday. The business’s 50-day simple moving average is $43.21 and its 200 day simple moving average is $44.66. The stock has a market cap of $7.06 billion, a price-to-earnings ratio of 30.35, a P/E/G ratio of 2.01 and a beta of 0.86. ExlService Holdings, Inc. has a 12-month low of $37.88 and a 12-month high of $52.43. 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) last posted its quarterly earnings results 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 return on equity of 25.38% and a net margin of 12.00%.The business had revenue of $514.46 million for the quarter, compared to analysts’ expectations of $504.87 million. During the same quarter last year, the business earned $0.40 earnings per share. The firm’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. As a group, research analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share 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.