Renaissance Group LLC Sells 21,145 Shares of ExlService Holdings, Inc. $EXLS

Renaissance Group LLC cut its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 10.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 185,938 shares of the business services provider’s stock after selling 21,145 shares during the period. Renaissance Group LLC owned about 0.12% of ExlService worth $7,891,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. True Wealth Design LLC lifted its stake in ExlService by 57.2% during the fourth quarter. True Wealth Design LLC now owns 706 shares of the business services provider’s stock worth $30,000 after purchasing an additional 257 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of ExlService by 56.2% during the fourth quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock worth $30,000 after buying an additional 258 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of ExlService by 15.0% during the fourth quarter. Fifth Third Bancorp now owns 1,982 shares of the business services provider’s stock worth $84,000 after buying an additional 259 shares in the last quarter. Composition Wealth LLC increased its holdings in shares of ExlService by 1.6% during the fourth quarter. Composition Wealth LLC now owns 20,230 shares of the business services provider’s stock worth $859,000 after buying an additional 314 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of ExlService by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 54,274 shares of the business services provider’s stock worth $2,390,000 after buying an additional 318 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

ExlService Stock Performance

NASDAQ EXLS opened at $29.02 on Thursday. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 1.26 and a beta of 0.82. ExlService Holdings, Inc. has a twelve month low of $26.82 and a twelve month high of $48.54. The stock has a fifty day simple moving average of $30.09 and a 200 day simple moving average of $34.46. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Tuesday, April 28th. The business services provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $570.35 million during the quarter, compared to the consensus estimate of $557.67 million. ExlService had a return on equity of 28.50% and a net margin of 11.66%.ExlService’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. ExlService has set its FY 2026 guidance at 2.180-2.230 EPS. Sell-side analysts expect that ExlService Holdings, Inc. will post 1.79 EPS for the current year.

ExlService announced that its Board of Directors has authorized a share buyback program on Tuesday, March 17th that allows the company to buyback $125.00 million in shares. This buyback authorization allows the business services provider to purchase up to 2.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other ExlService news, EVP Ajay Ayyappan sold 5,093 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $29.11, for a total transaction of $148,257.23. Following the completion of the sale, the executive vice president directly owned 48,994 shares in the company, valued at approximately $1,426,215.34. This trade represents a 9.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vikas Bhalla sold 12,000 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $30.22, for a total value of $362,640.00. Following the sale, the insider owned 153,295 shares of the company’s stock, valued at approximately $4,632,574.90. The trade was a 7.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Barrington Research set a $40.00 price target on shares of ExlService and gave the stock an “outperform” rating in a report on Thursday, April 30th. TD Cowen lowered their price target on shares of ExlService from $51.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective (down from $55.00) on shares of ExlService in a report on Wednesday, February 25th. Weiss Ratings downgraded ExlService from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. increased their price objective on ExlService from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.50.

ExlService Profile

ExlService Holdings, Inc (NASDAQ: EXLS) is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.