State of Wyoming Takes $439,000 Position in ExlService Holdings, Inc. $EXLS

State of Wyoming bought a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,992 shares of the business services provider’s stock, valued at approximately $439,000.

Several other hedge funds have also recently modified their holdings of the stock. Transamerica Financial Advisors LLC lifted its position in shares of ExlService by 285.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 678 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 502 shares in the last quarter. Private Trust Co. NA increased its position in shares of ExlService by 56.2% during the fourth quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock worth $30,000 after purchasing an additional 258 shares in the last quarter. Hantz Financial Services Inc. raised its stake in ExlService by 183.1% in the 4th quarter. Hantz Financial Services Inc. now owns 1,353 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 875 shares during the last quarter. Leonteq Securities AG acquired a new position in ExlService in the 4th quarter valued at $59,000. Finally, First Horizon Corp lifted its holdings in ExlService by 115.0% in the 4th quarter. First Horizon Corp now owns 1,559 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 834 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insider Activity

In other ExlService news, EVP Ajay Ayyappan sold 5,093 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $29.11, for a total value of $148,257.23. Following the transaction, the executive vice president directly owned 48,994 shares in the company, valued at $1,426,215.34. The trade was a 9.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vikas Bhalla sold 11,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $34.99, for a total transaction of $384,890.00. Following the completion of the sale, the insider directly owned 130,295 shares of the company’s stock, valued at approximately $4,559,022.05. This trade represents a 7.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 28,093 shares of company stock valued at $895,787. 3.66% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on EXLS shares. Needham & Company LLC lifted their target price on shares of ExlService from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. increased their target price on shares of ExlService from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. TD Cowen reissued a “buy” rating and issued a $39.00 price target (down from $45.00) on shares of ExlService in a research note on Thursday, July 9th. Barrington Research set a $43.00 price target on shares of ExlService in a research report on Thursday, July 30th. Finally, Robert W. Baird set a $45.00 price objective on shares of ExlService and gave the company an “outperform” rating in a research note on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.50.

ExlService Stock Performance

NASDAQ EXLS opened at $34.56 on Tuesday. The stock’s fifty day moving average is $29.47 and its two-hundred day moving average is $30.31. The firm has a market capitalization of $5.24 billion, a P/E ratio of 21.74, a price-to-earnings-growth ratio of 1.40 and a beta of 0.80. ExlService Holdings, Inc. has a fifty-two week low of $24.85 and a fifty-two week high of $45.08.

ExlService (NASDAQ:EXLS) last issued its earnings results on Tuesday, July 28th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.04. ExlService had a return on equity of 30.61% and a net margin of 11.17%.The company had revenue of $594.76 million during the quarter, compared to analysts’ expectations of $573.94 million. During the same period in the prior year, the business earned $0.49 EPS. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. ExlService has set its FY 2026 guidance at 2.250-2.290 EPS. As a group, sell-side analysts forecast that ExlService Holdings, Inc. will post 1.82 EPS for the current year.

About ExlService

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.