MeadowBrook Investment Advisors LLC Decreases Stock Holdings in ExlService Holdings, Inc. $EXLS

MeadowBrook Investment Advisors LLC reduced its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 19.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,380 shares of the business services provider’s stock after selling 1,300 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in ExlService were worth $236,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EXLS. Whittier Trust Co. purchased a new stake in shares of ExlService during the 1st quarter worth $45,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of ExlService during the 1st quarter worth $77,000. Morse Asset Management Inc lifted its position in shares of 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 last quarter. Caitong International Asset Management Co. Ltd lifted its position in 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 acquiring an additional 369 shares during the last quarter. Finally, Vestcor Inc purchased a new stake in ExlService in the first quarter valued at $106,000. 92.92% of the stock is owned by hedge funds and other institutional investors.

ExlService Trading Down 7.1%

NASDAQ EXLS opened at $38.54 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.15 and a current ratio of 3.15. The firm has a market cap of $6.22 billion, a PE ratio of 26.22, a P/E/G ratio of 1.90 and a beta of 0.86. ExlService Holdings, Inc. has a one year low of $37.30 and a one year high of $52.43. The firm’s fifty day moving average is $42.69 and its two-hundred day moving average is $44.04.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Tuesday, October 28th. The business services provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The company had revenue of $529.59 million for the quarter, compared to analyst estimates of $522.35 million. ExlService had a net margin of 11.91% and a return on equity of 25.29%. ExlService’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 earnings per share. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. Analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EXLS. JPMorgan Chase & Co. reduced their price target on shares of ExlService from $56.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Weiss Ratings cut shares of ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, ExlService currently has an average rating of “Moderate Buy” and an average target price of $52.40.

Insider Buying and Selling

In other ExlService news, insider Vikas Bhalla sold 8,000 shares of ExlService stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $43.76, for a total value of $350,080.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.04% of the company’s stock.

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.