Healthcare of Ontario Pension Plan Trust Fund Buys 86,494 Shares of ExlService Holdings, Inc. $EXLS

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 63.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 221,870 shares of the business services provider’s stock after buying an additional 86,494 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in ExlService were worth $6,756,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. AQR Capital Management LLC boosted its holdings in ExlService by 109.7% during the 4th quarter. AQR Capital Management LLC now owns 4,118,625 shares of the business services provider’s stock worth $174,794,000 after acquiring an additional 2,154,652 shares during the last quarter. Amundi bought a new position in shares of ExlService during the third quarter valued at about $67,862,000. Jane Street Group LLC boosted its holdings in ExlService by 534.2% during the second quarter. Jane Street Group LLC now owns 1,354,599 shares of the business services provider’s stock worth $59,318,000 after purchasing an additional 1,141,008 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in ExlService by 4,269.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 882,480 shares of the business services provider’s stock valued at $38,644,000 after buying an additional 862,284 shares during the last quarter. Finally, Voloridge Investment Management LLC lifted its position in shares of ExlService by 916.1% during the 3rd quarter. Voloridge Investment Management LLC now owns 834,252 shares of the business services provider’s stock worth $36,732,000 after buying an additional 752,148 shares in the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

Key ExlService News

Here are the key news stories impacting ExlService this week:

• Positive Sentiment: Q2 results beat expectations: ExlService reported adjusted earnings of $0.59 per share, above the $0.55 consensus estimate, while revenue reached $594.8 million versus expectations of $573.9 million. Revenue increased 15.6% year over year, and EPS rose from $0.49 in the prior-year quarter. ExlService Q2 earnings report
• Positive Sentiment: Full-year guidance was raised: Management now expects fiscal 2026 EPS of $2.25-$2.29, above the $2.15 analyst consensus, and revenue of approximately $2.4 billion versus expectations of roughly $2.3 billion. The improved outlook reinforces the company’s growth momentum. EXL Reports 2026 Second Quarter Results
• Positive Sentiment: Analyst confidence increased: Needham raised its price target from $40 to $45 and upgraded its rating to “Buy,” implying approximately 25% upside from the referenced price. Benzinga analyst update
• Positive Sentiment: Recent coverage highlighted ExlService’s earnings growth, revenue expansion, and other characteristics that could support continued market outperformance. Zacks growth stock analysis
• Neutral Sentiment: ExlService’s management discussed the quarterly performance and outlook on its Q2 earnings call, giving investors additional detail on the company’s strategy and guidance. ExlService Q2 earnings call transcript
• Negative Sentiment: A broader market sell-off, driven by a sharp oil-price spike, U.S.-Iran tensions, and uncertainty ahead of the Federal Reserve’s decision, created a headwind for equities. This appears to be a market-wide risk rather than an ExlService-specific issue. Market sell-off report

Insider Buying and Selling at ExlService

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Barrington Research reaffirmed an “outperform” rating and issued a $40.00 target price on shares of ExlService in a report on Thursday, June 25th. TD Cowen restated a “buy” rating and issued a $39.00 price objective (down from $45.00) on shares of ExlService in a research note on Thursday, July 9th. JPMorgan Chase & Co. raised their target price on ExlService from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings cut ExlService from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 30th. Finally, Needham & Company LLC boosted their price target on shares of ExlService from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, ExlService presently has an average rating of “Moderate Buy” and an average price target of $41.33.

ExlService Stock Performance

Shares of EXLS stock opened at $35.99 on Thursday. The firm’s 50 day moving average is $28.13 and its 200 day moving average is $31.02. The stock has a market capitalization of $5.50 billion, a P/E ratio of 22.64, a PEG ratio of 1.29 and a beta of 0.84. ExlService Holdings, Inc. has a 12 month low of $24.85 and a 12 month high of $47.11. 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 (NASDAQ:EXLS) last released 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. ExlService had a net margin of 11.17% and a return on equity of 30.48%. The business had revenue of $570.35 million during the quarter, compared to analyst estimates of $557.67 million. During the same period in the previous year, the business earned $0.48 EPS. ExlService’s revenue was up 13.8% compared to the same quarter last year. On average, sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.8 earnings per share for the current year.

ExlService Company 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.