Texas Permanent School Fund Corp Has $2.58 Million Stock Position in ExlService Holdings, Inc. $EXLS

Texas Permanent School Fund Corp lessened its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 19.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 58,937 shares of the business services provider’s stock after selling 14,127 shares during the quarter. Texas Permanent School Fund Corp’s holdings in ExlService were worth $2,581,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Ensign Peak Advisors Inc lifted its position in shares of ExlService by 72.5% during the 2nd quarter. Ensign Peak Advisors Inc now owns 319,868 shares of the business services provider’s stock valued at $14,007,000 after acquiring an additional 134,491 shares during the period. Allworth Financial LP increased its stake in ExlService by 18,533.3% in the second quarter. Allworth Financial LP now owns 43,602 shares of the business services provider’s stock valued at $1,909,000 after purchasing an additional 43,368 shares in the last quarter. Advantage Alpha Capital Partners LP acquired a new position in shares of ExlService during the second quarter valued at about $3,560,000. Y Intercept Hong Kong Ltd bought a new position in shares of ExlService during the 2nd quarter worth about $4,901,000. Finally, Inspire Investing LLC boosted its position in shares of ExlService by 281.4% during the 2nd quarter. Inspire Investing LLC now owns 27,780 shares of the business services provider’s stock worth $1,216,000 after purchasing an additional 20,497 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Stock Performance

Shares of EXLS opened at $43.10 on Friday. The firm has a market capitalization of $6.84 billion, a P/E ratio of 29.32, a P/E/G ratio of 2.02 and a beta of 0.91. ExlService Holdings, Inc. has a 52 week low of $37.30 and a 52 week high of $52.43. The stock has a 50 day moving average price of $40.27 and a two-hundred day moving average price of $42.58. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.91 and a current ratio of 2.91.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, October 28th. The business services provider reported $0.48 earnings per share (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 company had revenue of $529.59 million for the quarter, compared to analysts’ expectations of $522.35 million. During the same quarter in the previous year, the firm earned $0.44 earnings per share. ExlService’s quarterly revenue was up 12.2% on a year-over-year basis. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. Equities analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on EXLS. Wall Street Zen downgraded ExlService from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th. Weiss Ratings downgraded ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $54.50.

Insider Activity

In other news, insider Vikas Bhalla sold 11,774 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $39.99, for a total value of $470,842.26. Following the completion of the sale, the insider owned 115,272 shares in the company, valued at $4,609,727.28. This represents a 9.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.04% of the stock is currently owned by insiders.

ExlService Company Profile

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.