Mackenzie Financial Corp Lowers Stock Position in ExlService Holdings, Inc. $EXLS

Mackenzie Financial Corp trimmed its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 12.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,334,086 shares of the business services provider’s stock after selling 331,774 shares during the quarter. Mackenzie Financial Corp owned approximately 1.45% of ExlService worth $102,210,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of EXLS. Strategic Investment Solutions Inc. IL purchased a new position in ExlService during the 1st quarter worth $77,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of ExlService by 25.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider’s stock valued at $85,000 after buying an additional 369 shares during the last quarter. Huntington National Bank boosted its stake in shares of ExlService by 14.4% during the second quarter. Huntington National Bank now owns 1,953 shares of the business services provider’s stock worth $86,000 after buying an additional 246 shares during the period. Vestcor Inc purchased a new position in shares of ExlService during the first quarter worth about $106,000. Finally, Blue Trust Inc. grew its holdings in shares of ExlService by 6.9% during the second quarter. Blue Trust Inc. now owns 3,914 shares of the business services provider’s stock worth $171,000 after buying an additional 254 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Stock Performance

NASDAQ EXLS opened at $39.73 on Friday. The stock has a market capitalization of $6.31 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 1.77 and a beta of 0.90. The business’s 50 day moving average is $40.85 and its two-hundred day moving average is $43.09. ExlService Holdings, Inc. has a 12-month low of $37.30 and a 12-month high of $52.43. The company has a current ratio of 2.91, a quick ratio of 3.15 and a debt-to-equity ratio of 0.43.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, October 28th. The business services provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. ExlService had a return on equity of 25.60% and a net margin of 11.91%.The business had revenue of $529.59 million during the quarter, compared to analysts’ expectations of $522.35 million. During the same period last year, the firm earned $0.44 EPS. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. Research analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

EXLS has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price objective on ExlService from $56.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Wall Street Zen lowered ExlService from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Weiss Ratings cut ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $54.50.

Insider Buying and Selling

In other ExlService news, insider Vikas Bhalla sold 8,000 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $43.76, for a total transaction of $350,080.00. Following the sale, the insider directly owned 127,046 shares in the company, valued at approximately $5,559,532.96. The trade was a 5.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.04% of the company’s stock.

ExlService Company 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.