VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 79,000 ExlService Holdings, Inc. $EXLS

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 79,000 shares of the business services provider’s stock, valued at approximately $2,043,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXLS. Transamerica Financial Advisors LLC boosted its position in shares of ExlService by 285.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 678 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 502 shares in the last quarter. Hantz Financial Services Inc. raised its position 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 worth $57,000 after purchasing an additional 875 shares in the last quarter. Leonteq Securities AG bought a new position in ExlService during the fourth quarter worth about $59,000. CIBC Private Wealth Group LLC lifted its stake in 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 worth $70,000 after purchasing an additional 614 shares during the period. Finally, Johnson Financial Group Inc. acquired a new stake in ExlService during the third quarter valued at approximately $72,000. 92.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. TD Cowen reiterated a “buy” rating and issued a $45.00 price objective (up from $43.00) on shares of ExlService in a research note on Thursday, August 27th. Weiss Ratings raised ExlService from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 2nd. Needham & Company LLC upped their price target 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 ExlService in a research note on Thursday, July 30th. Finally, Robert W. Baird set a $45.00 target price on shares of ExlService and gave the company an “outperform” rating in a research note on Thursday, July 30th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

Insiders Place Their Bets

In other news, insider Vikas Bhalla sold 11,000 shares of the firm’s 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 transaction, the insider directly owned 130,295 shares in the company, valued at $4,559,022.05. This trade represents a 7.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.66% of the stock is owned by corporate insiders.

ExlService Stock Performance

ExlService stock opened at $35.26 on Friday. The business’s fifty day moving average is $33.17 and its two-hundred day moving average is $30.88. The firm has a market cap of $5.35 billion, a P/E ratio of 22.18, a P/E/G ratio of 1.39 and a beta of 0.81. ExlService Holdings, Inc. has a 52 week low of $24.85 and a 52 week high of $44.32.

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

ExlService Company Profile

ExlService Holdings, Inc (NASDAQ: EXLS), operating as EXL, is a global data analytics and digital operations company. It helps businesses use data, artificial intelligence and automation to improve decision-making, streamline processes and enhance customer experiences.

EXL provides services including advanced analytics, artificial intelligence, digital transformation, business process management, finance and accounting, customer care, claims administration, underwriting support and other industry-specific operations.