Handelsbanken Fonder AB Purchases 364,146 Shares of ExlService Holdings, Inc. $EXLS

Handelsbanken Fonder AB grew its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 10.7% during the fourth quarter, HoldingsChannel reports. The firm owned 3,781,036 shares of the business services provider’s stock after buying an additional 364,146 shares during the quarter. ExlService comprises approximately 0.5% of Handelsbanken Fonder AB’s holdings, making the stock its 29th biggest position. Handelsbanken Fonder AB’s holdings in ExlService were worth $160,467,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. TD Private Client Wealth LLC raised its position in shares of ExlService by 17.8% in the fourth quarter. TD Private Client Wealth LLC now owns 4,080 shares of the business services provider’s stock valued at $173,000 after purchasing an additional 616 shares during the period. North Dakota State Investment Board bought a new position in shares of ExlService in the fourth quarter valued at approximately $236,000. Dana Investment Advisors Inc. raised its position in shares of ExlService by 19.6% in the fourth quarter. Dana Investment Advisors Inc. now owns 46,294 shares of the business services provider’s stock valued at $1,965,000 after purchasing an additional 7,595 shares during the period. Swiss Life Asset Management Ltd grew its stake in shares of ExlService by 70.4% in the fourth quarter. Swiss Life Asset Management Ltd now owns 12,883 shares of the business services provider’s stock worth $547,000 after acquiring an additional 5,324 shares during the last quarter. Finally, UNIVEST FINANCIAL Corp grew its stake in shares of ExlService by 0.7% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 99,001 shares of the business services provider’s stock worth $4,202,000 after acquiring an additional 736 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.

Insiders Place Their Bets

In other ExlService news, EVP Ajay Ayyappan sold 1,197 shares of ExlService stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $29.79, for a total transaction of $35,658.63. Following the sale, the executive vice president owned 53,901 shares in the company, valued at $1,605,710.79. The trade was a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.04% of the stock is owned by corporate insiders.

ExlService Stock Up 5.5%

EXLS opened at $29.00 on Tuesday. ExlService Holdings, Inc. has a fifty-two week low of $26.82 and a fifty-two week high of $48.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The firm’s fifty day moving average price is $30.51 and its two-hundred day moving average price is $35.64. The company has a market capitalization of $4.43 billion, a P/E ratio of 18.47, a P/E/G ratio of 1.16 and a beta of 0.87.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, April 28th. The business services provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. ExlService had a net margin of 11.66% and a return on equity of 28.50%. The firm had revenue of $570.35 million for the quarter, compared to the consensus estimate of $557.67 million. During the same quarter in the previous year, the company earned $0.48 earnings per share. The business’s revenue was up 13.8% compared to the same quarter last year. ExlService has set its FY 2026 guidance at 2.180-2.230 EPS. On average, analysts anticipate that ExlService Holdings, Inc. will post 1.79 EPS for the current year.

ExlService announced that its board has authorized a share buyback program on Tuesday, March 17th that allows the company to buyback $125.00 million in outstanding shares. This buyback authorization allows the business services provider to reacquire up to 2.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on EXLS shares. TD Cowen lowered their price objective on shares of ExlService from $51.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Barrington Research set a $40.00 price objective on shares of ExlService and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Stifel Nicolaus lowered their price objective on shares of ExlService from $54.00 to $46.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Wall Street Zen upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of ExlService from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, ExlService currently has an average rating of “Moderate Buy” and a consensus price target of $41.50.

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.