Thrivent Financial for Lutherans Has $17.45 Million Stock Position in ExlService Holdings, Inc. $EXLS

Thrivent Financial for Lutherans lessened its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 77.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 398,393 shares of the business services provider’s stock after selling 1,339,431 shares during the quarter. Thrivent Financial for Lutherans’ holdings in ExlService were worth $17,445,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXLS. Invesco Ltd. raised its holdings in ExlService by 193.6% during the 2nd quarter. Invesco Ltd. now owns 4,645,745 shares of the business services provider’s stock worth $203,437,000 after purchasing an additional 3,063,510 shares during the last quarter. Schroder Investment Management Group bought a new position in shares of ExlService in the 2nd quarter valued at about $60,415,000. Driehaus Capital Management LLC acquired a new stake in shares of ExlService during the 1st quarter worth approximately $57,681,000. Jane Street Group LLC raised its stake in shares of ExlService by 534.2% during the second quarter. Jane Street Group LLC now owns 1,354,599 shares of the business services provider’s stock worth $59,318,000 after buying an additional 1,141,008 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of ExlService during the second quarter worth approximately $44,020,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at ExlService

In other ExlService news, insider Vikas Bhalla sold 11,774 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $39.99, for a total value of $470,842.26. Following the completion of the sale, the insider directly owned 115,272 shares in the company, valued at $4,609,727.28. This represents a 9.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.04% of the company’s stock.

ExlService Stock Up 0.6%

Shares of NASDAQ:EXLS opened at $41.78 on Wednesday. The company has a 50 day moving average price of $40.22 and a two-hundred day moving average price of $42.62. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.91 and a current ratio of 2.91. The company has a market capitalization of $6.63 billion, a PE ratio of 28.42, a PEG ratio of 1.94 and a beta of 0.91. ExlService Holdings, Inc. has a 52 week low of $37.30 and a 52 week high of $52.43.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, October 28th. The business services provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. ExlService had a net margin of 11.91% and a return on equity of 25.60%. The company had revenue of $529.59 million for the quarter, compared to analysts’ expectations of $522.35 million. During the same period last year, the firm posted $0.44 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. Analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

EXLS has been the topic of a number of recent research reports. Wall Street Zen cut shares of ExlService from a “buy” rating to a “hold” rating in a research note on Sunday. Weiss Ratings downgraded ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Finally, JPMorgan Chase & Co. reduced their price target on ExlService from $56.00 to $52.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $54.50.

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.