48,417 Shares in ExlService Holdings, Inc. $EXLS Acquired by Moran Wealth Management LLC

Moran Wealth Management LLC purchased a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 48,417 shares of the business services provider’s stock, valued at approximately $2,132,000.

Several other hedge funds also recently modified their holdings of EXLS. Park Avenue Securities LLC lifted its holdings in shares of ExlService by 14.1% in the third quarter. Park Avenue Securities LLC now owns 6,876 shares of the business services provider’s stock valued at $303,000 after buying an additional 851 shares during the period. KLP Kapitalforvaltning AS raised its position in ExlService by 2.9% in the third quarter. KLP Kapitalforvaltning AS now owns 45,900 shares of the business services provider’s stock worth $2,021,000 after acquiring an additional 1,300 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in ExlService by 16.6% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 13,148 shares of the business services provider’s stock valued at $579,000 after acquiring an additional 1,871 shares during the last quarter. Mather Group LLC. bought a new position in shares of ExlService during the 3rd quarter valued at about $25,000. Finally, Fenimore Asset Management Inc grew its stake in shares of ExlService by 0.7% in the 3rd quarter. Fenimore Asset Management Inc now owns 2,789,992 shares of the business services provider’s stock worth $122,843,000 after purchasing an additional 18,747 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

ExlService Trading Down 0.0%

NASDAQ EXLS opened at $42.68 on Friday. The firm’s 50 day moving average price is $40.92 and its two-hundred day moving average price is $42.19. 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 Holdings, Inc. has a twelve month low of $37.30 and a twelve month high of $52.43. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 1.72 and a beta of 0.91.

ExlService (NASDAQ:EXLS) last issued its earnings results on Tuesday, October 28th. The business services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. The business had revenue of $529.59 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 earnings per share. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. Equities analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insiders Place Their Bets

In related news, insider Vikas Bhalla sold 11,774 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $39.99, for a total transaction of $470,842.26. Following the completion of the sale, the insider directly owned 115,272 shares in the company, valued at approximately $4,609,727.28. This trade represents a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.04% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

EXLS has been the subject of several recent research reports. Wall Street Zen raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Weiss Ratings lowered ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Finally, TD Cowen decreased their target price on ExlService from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Friday. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $53.80.

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.