Caitong International Asset Management Co. Ltd Cuts Stock Position in ExlService Holdings, Inc. $EXLS

Caitong International Asset Management Co. Ltd lessened its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 61.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 704 shares of the business services provider’s stock after selling 1,099 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in ExlService were worth $31,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Whittier Trust Co. purchased a new stake in shares of ExlService during the first quarter worth approximately $45,000. Strategic Investment Solutions Inc. IL acquired a new position in ExlService during the 1st quarter worth approximately $77,000. Morse Asset Management Inc increased its position in ExlService by 51.8% during the 1st quarter. Morse Asset Management Inc now owns 1,685 shares of the business services provider’s stock worth $80,000 after purchasing an additional 575 shares during the period. Vestcor Inc acquired a new position in ExlService during the 1st quarter worth approximately $106,000. Finally, GAMMA Investing LLC increased its position in ExlService by 20.6% during the 1st quarter. GAMMA Investing LLC now owns 3,510 shares of the business services provider’s stock worth $166,000 after purchasing an additional 599 shares during the period. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Insider Transactions at ExlService

In related news, insider Vikas Bhalla sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $43.76, for a total value of $350,080.00. Following the sale, the insider owned 127,046 shares of the company’s stock, valued at approximately $5,559,532.96. This represents a 5.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.04% of the company’s stock.

ExlService Stock Performance

EXLS opened at $41.21 on Monday. The stock has a market cap of $6.66 billion, a P/E ratio of 28.62, a P/E/G ratio of 1.89 and a beta of 0.86. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.15 and a quick ratio of 3.15. The stock’s 50 day simple moving average is $42.86 and its 200 day simple moving average is $44.12. ExlService Holdings, Inc. has a 1-year low of $38.36 and a 1-year high of $52.43.

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

Analysts Set New Price Targets

Several research firms have issued reports on EXLS. JPMorgan Chase & Co. dropped their target price on ExlService from $56.00 to $52.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. Weiss Ratings cut ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, ExlService currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.40.

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.