Mutual of America Capital Management LLC Acquires 9,381 Shares of ExlService Holdings, Inc. $EXLS

Mutual of America Capital Management LLC raised its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 4.6% in the second quarter, Holdings Channel reports. The firm owned 213,587 shares of the business services provider’s stock after purchasing an additional 9,381 shares during the period. Mutual of America Capital Management LLC’s holdings in ExlService were worth $9,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in EXLS. Whittier Trust Co. purchased a new position in shares of ExlService in the 1st quarter worth about $45,000. Strategic Investment Solutions Inc. IL purchased a new position in ExlService in the first quarter valued at about $77,000. Morse Asset Management Inc boosted its stake in ExlService by 51.8% in the first quarter. Morse Asset Management Inc now owns 1,685 shares of the business services provider’s stock valued at $80,000 after acquiring an additional 575 shares during 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 valued at $85,000 after acquiring an additional 369 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of ExlService during the 1st quarter worth approximately $102,000. 92.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on EXLS. JPMorgan Chase & Co. dropped 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ExlService in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, ExlService has an average rating of “Moderate Buy” and an average target price of $52.40.

Insiders Place Their Bets

In other news, insider Vikas Bhalla sold 8,000 shares of the company’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 directly owned 127,046 shares in the company, valued at $5,559,532.96. This represents a 5.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 4.04% of the stock is owned by insiders.

ExlService Stock Up 1.7%

ExlService stock opened at $40.34 on Monday. The firm has a 50 day simple moving average of $43.00 and a 200 day simple moving average of $44.18. 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 1-year low of $38.36 and a 1-year high of $52.43. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 28.01, a P/E/G ratio of 1.85 and a beta of 0.86.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. The firm had revenue of $514.46 million during the quarter, compared to analyst estimates of $504.87 million. ExlService had a return on equity of 25.38% and a net margin of 12.00%.The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the company earned $0.40 earnings per share. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. On average, analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

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.