ExlService Holdings, Inc. $EXLS Shares Sold by Summit Creek Advisors LLC

Summit Creek Advisors LLC cut its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 7.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 377,007 shares of the business services provider’s stock after selling 30,305 shares during the period. ExlService makes up 2.4% of Summit Creek Advisors LLC’s investment portfolio, making the stock its 15th biggest holding. Summit Creek Advisors LLC’s holdings in ExlService were worth $16,600,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of EXLS. Mather Group LLC. acquired a new position in shares of ExlService in the third quarter valued at approximately $25,000. Farther Finance Advisors LLC grew its position in ExlService by 533.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 792 shares of the business services provider’s stock valued at $35,000 after buying an additional 667 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in ExlService in the 2nd quarter valued at $43,000. Huntington National Bank raised its position in ExlService by 14.4% during the 2nd quarter. Huntington National Bank now owns 1,953 shares of the business services provider’s stock worth $86,000 after buying an additional 246 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of ExlService by 53.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,300 shares of the business services provider’s stock worth $101,000 after acquiring an additional 800 shares during the period. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

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 stock was sold at an average price of $39.99, for a total value of $470,842.26. Following the completion of the transaction, the insider directly owned 115,272 shares of the company’s stock, valued at $4,609,727.28. This trade represents a 9.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.04% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

ExlService Stock Down 0.0%

Shares of NASDAQ EXLS opened at $42.68 on Monday. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 29.03, a price-to-earnings-growth ratio of 1.72 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 firm has a 50-day moving average price of $40.92 and a 200 day moving average price of $42.16. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.43.

ExlService (NASDAQ:EXLS) last issued its earnings results on Tuesday, October 28th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. ExlService had a net margin of 11.91% and a return on equity of 25.60%. The company had revenue of $529.59 million during the quarter, compared to analysts’ expectations of $522.35 million. During the same period last year, the company posted $0.44 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. Equities research analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal 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.