Prudential Financial Inc. Reduces Stake in ExlService Holdings, Inc. $EXLS

Prudential Financial Inc. trimmed its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 6.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 336,155 shares of the business services provider’s stock after selling 21,665 shares during the quarter. Prudential Financial Inc.’s holdings in ExlService were worth $14,720,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EXLS. JPMorgan Chase & Co. raised its stake in shares of ExlService by 40.8% during the 1st quarter. JPMorgan Chase & Co. now owns 6,704,937 shares of the business services provider’s stock worth $316,540,000 after buying an additional 1,943,471 shares during the last quarter. Geneva Capital Management LLC increased its holdings in ExlService by 7.7% during the 2nd quarter. Geneva Capital Management LLC now owns 5,013,398 shares of the business services provider’s stock valued at $219,537,000 after acquiring an additional 357,833 shares in the last quarter. Handelsbanken Fonder AB raised its position in ExlService by 30.5% during the second quarter. Handelsbanken Fonder AB now owns 3,583,322 shares of the business services provider’s stock worth $156,914,000 after acquiring an additional 836,632 shares during the last quarter. Boston Trust Walden Corp lifted its holdings in shares of ExlService by 1.7% in the second quarter. Boston Trust Walden Corp now owns 2,746,208 shares of the business services provider’s stock valued at $120,256,000 after purchasing an additional 47,162 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of ExlService in the first quarter valued at approximately $91,114,000. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insider Activity at ExlService

In other news, insider Vikas Bhalla sold 8,000 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $43.76, for a total transaction of $350,080.00. Following the transaction, the insider directly owned 127,046 shares in the company, valued at $5,559,532.96. This represents a 5.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.04% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

ExlService Trading Up 0.2%

Shares of EXLS opened at $39.82 on Thursday. ExlService Holdings, Inc. has a fifty-two week low of $37.30 and a fifty-two week high of $52.43. The company has a market capitalization of $6.32 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 1.77 and a beta of 0.90. The stock has a fifty day moving average of $40.97 and a two-hundred day moving average of $43.19. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.15 and a current ratio of 2.91.

ExlService (NASDAQ:EXLS) last announced 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 business had revenue of $529.59 million during 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%.The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 earnings per share. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. As a group, analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

About ExlService

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.