ProShare Advisors LLC Sells 33,669 Shares of ExlService Holdings, Inc. $EXLS

ProShare Advisors LLC decreased its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 82.4% during the second quarter, HoldingsChannel.com reports. The firm owned 7,214 shares of the business services provider’s stock after selling 33,669 shares during the quarter. ProShare Advisors LLC’s holdings in ExlService were worth $316,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in ExlService in the second quarter worth about $1,435,000. EFG Asset Management North America Corp. increased its position in shares of ExlService by 11.3% during the second quarter. EFG Asset Management North America Corp. now owns 106,695 shares of the business services provider’s stock valued at $4,672,000 after acquiring an additional 10,824 shares in the last quarter. Huntington National Bank increased its position 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 valued at $86,000 after acquiring an additional 246 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new position in ExlService in the 2nd quarter worth approximately $920,000. Finally, Bank of New York Mellon Corp lifted its position in ExlService by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,263,705 shares of the business services provider’s stock valued at $55,338,000 after acquiring an additional 20,808 shares in the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. Wall Street Zen lowered ExlService from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings downgraded ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Finally, JPMorgan Chase & Co. decreased their target price on ExlService from $56.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.50.

Insider Buying and Selling at ExlService

In related news, insider Vikas Bhalla sold 8,000 shares of the firm’s stock in a transaction that occurred 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 owned 127,046 shares of the company’s stock, valued at approximately $5,559,532.96. This trade represents a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.04% of the stock is owned by company insiders.

ExlService Stock Performance

Shares of EXLS opened at $39.39 on Friday. The firm has a market capitalization of $6.25 billion, a P/E ratio of 26.80, a PEG ratio of 1.77 and a beta of 0.90. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.91 and a quick ratio of 3.15. ExlService Holdings, Inc. has a one year low of $37.30 and a one year high of $52.43. The business has a fifty day moving average of $41.16 and a 200 day moving average of $43.34.

ExlService (NASDAQ:EXLS) last posted its earnings results on Tuesday, October 28th. The business services provider reported $0.48 earnings per share 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 the consensus estimate of $522.35 million. ExlService had a return on equity of 25.60% and a net margin of 11.91%.ExlService’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 earnings per share. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. As a group, sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

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.