Norges Bank Acquires New Position in ExlService Holdings, Inc. $EXLS

Norges Bank acquired a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) during the fourth quarter, Holdings Channel.com reports. The fund acquired 452,352 shares of the business services provider’s stock, valued at approximately $19,198,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EXLS. CENTRAL TRUST Co grew its position in ExlService by 2,428.0% during the third quarter. CENTRAL TRUST Co now owns 632 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 607 shares in the last quarter. True Wealth Design LLC lifted its stake in ExlService by 57.2% in the fourth quarter. True Wealth Design LLC now owns 706 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 257 shares during the last quarter. Private Trust Co. NA lifted its stake in ExlService by 56.2% in the fourth quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 258 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in ExlService in the fourth quarter valued at approximately $33,000. Finally, Hantz Financial Services Inc. lifted its stake in ExlService by 183.1% in the fourth quarter. Hantz Financial Services Inc. now owns 1,353 shares of the business services provider’s stock valued at $57,000 after acquiring an additional 875 shares during the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Vikas Bhalla sold 12,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $30.22, for a total transaction of $362,640.00. Following the transaction, 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. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ajay Ayyappan sold 5,093 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $29.11, for a total transaction of $148,257.23. Following the transaction, the executive vice president directly owned 48,994 shares in the company, valued at $1,426,215.34. This trade represents a 9.42% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.66% of the company’s stock.

Analyst Ratings Changes

EXLS has been the subject of a number of analyst reports. Weiss Ratings cut shares of ExlService from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 29th. JPMorgan Chase & Co. lifted their target price on shares of ExlService from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Barrington Research set a $40.00 target price on shares of ExlService and gave the company an “outperform” rating in a research note on Thursday, April 30th. Robert W. Baird set a $35.00 target price on shares of ExlService in a research note on Wednesday, February 25th. Finally, TD Cowen reduced their target price on shares of ExlService from $51.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, ExlService has an average rating of “Moderate Buy” and an average target price of $41.50.

ExlService Price Performance

Shares of ExlService stock opened at $29.71 on Wednesday. The firm has a fifty day simple moving average of $30.12 and a 200-day simple moving average of $34.53. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. ExlService Holdings, Inc. has a 1-year low of $26.82 and a 1-year high of $48.54. The stock has a market capitalization of $4.54 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 1.25 and a beta of 0.82.

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

ExlService declared that its Board of Directors has initiated a share buyback program on Tuesday, March 17th that authorizes the company to buyback $125.00 million in outstanding shares. This buyback authorization authorizes the business services provider to buy up to 2.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

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.