Twin Tree Management LP Sells 6,105 Shares of ExlService Holdings, Inc. $EXLS

Twin Tree Management LP lessened its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 34.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,386 shares of the business services provider’s stock after selling 6,105 shares during the period. Twin Tree Management LP’s holdings in ExlService were worth $499,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in ExlService by 40.8% in 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 in the last quarter. Geneva Capital Management LLC raised its stake in ExlService by 0.4% in the first quarter. Geneva Capital Management LLC now owns 4,655,565 shares of the business services provider’s stock worth $219,789,000 after buying an additional 18,647 shares in the last quarter. Boston Trust Walden Corp raised its stake in ExlService by 1.7% in the second quarter. Boston Trust Walden Corp now owns 2,746,208 shares of the business services provider’s stock worth $120,256,000 after buying an additional 47,162 shares in the last quarter. Nuveen LLC bought a new position in ExlService in the first quarter worth approximately $91,114,000. Finally, Price T Rowe Associates Inc. MD raised its stake in ExlService by 0.5% in the first 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 buying an additional 9,020 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of ExlService in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price objective 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 research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $52.40.

ExlService Price Performance

NASDAQ EXLS opened at $40.34 on Friday. The firm’s fifty day simple moving average is $43.00 and its two-hundred day simple moving average is $44.22. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 0.24. ExlService Holdings, Inc. has a 12-month low of $38.36 and a 12-month high of $52.43. The firm has a market capitalization of $6.52 billion, a P/E ratio of 28.01, a P/E/G ratio of 1.82 and a beta of 0.86.

ExlService (NASDAQ:EXLS) last released 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. ExlService had a net margin of 12.00% and a return on equity of 25.38%. The business had revenue of $514.46 million for the quarter, compared to analyst estimates of $504.87 million. During the same period in the previous year, the company earned $0.40 earnings per share. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. Analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Insider Transactions at ExlService

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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.04% of the company’s stock.

About ExlService

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.