Wellington Management Group LLP Acquires 46,890 Shares of ExlService Holdings, Inc. $EXLS

Wellington Management Group LLP increased its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 9.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 521,148 shares of the business services provider’s stock after acquiring an additional 46,890 shares during the quarter. Wellington Management Group LLP’s holdings in ExlService were worth $13,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the business. Transamerica Financial Advisors LLC increased its stake in shares of ExlService by 285.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 678 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 502 shares in the last quarter. Hantz Financial Services Inc. increased its position in ExlService by 183.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,353 shares of the business services provider’s stock valued at $57,000 after buying an additional 875 shares in the last quarter. Leonteq Securities AG bought a new position in shares of ExlService during the fourth quarter valued at $59,000. Cache Advisors LLC purchased a new position in ExlService in the first quarter worth about $69,000. Finally, CIBC Private Wealth Group LLC increased its position in shares of ExlService by 63.4% during the third quarter. CIBC Private Wealth Group LLC now owns 1,583 shares of the business services provider’s stock valued at $70,000 after acquiring an additional 614 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

ExlService Price Performance

Shares of NASDAQ:EXLS opened at $36.63 on Tuesday. The company has a market capitalization of $5.55 billion, a P/E ratio of 23.04, a P/E/G ratio of 1.47 and a beta of 0.81. ExlService Holdings, Inc. has a 1-year low of $24.85 and a 1-year high of $45.08. The firm’s 50 day simple moving average is $32.49 and its two-hundred day simple moving average is $30.75.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. The firm had revenue of $594.76 million during the quarter, compared to analysts’ expectations of $573.94 million. ExlService had a net margin of 11.17% and a return on equity of 30.61%. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 earnings per share. ExlService has set its FY 2026 guidance at 2.250-2.290 EPS. On average, sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ExlService news, insider Vikas Bhalla sold 11,000 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $34.99, for a total value of $384,890.00. Following the completion of the sale, the insider owned 130,295 shares in the company, valued at approximately $4,559,022.05. This represents a 7.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.66% of the company’s stock.

Wall Street Analyst Weigh In

EXLS has been the topic of several analyst reports. Needham & Company LLC upped their price objective on ExlService from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Barrington Research set a $43.00 price objective on shares of ExlService in a research report on Thursday, July 30th. Weiss Ratings upgraded ExlService from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 2nd. TD Cowen reaffirmed a “buy” rating and issued a $45.00 target price (up from $43.00) on shares of ExlService in a report on Thursday, August 27th. Finally, Robert W. Baird set a $45.00 target price on ExlService and gave the company an “outperform” rating in a research report on Thursday, July 30th. Six 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, ExlService has an average rating of “Moderate Buy” and a consensus target price of $44.50.

About ExlService

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.