Legal & General Group Plc Cuts Stock Holdings in ExlService Holdings, Inc. $EXLS

Legal & General Group Plc decreased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 21.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 252,727 shares of the business services provider’s stock after selling 69,498 shares during the period. Legal & General Group Plc’s holdings in ExlService were worth $10,726,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. CENTRAL TRUST Co grew its holdings in shares of ExlService by 2,428.0% during the third quarter. CENTRAL TRUST Co now owns 632 shares of the business services provider’s stock valued at $28,000 after buying an additional 607 shares during the last quarter. True Wealth Design LLC grew its holdings in shares of ExlService by 57.2% during the fourth quarter. True Wealth Design LLC now owns 706 shares of the business services provider’s stock valued at $30,000 after buying an additional 257 shares during the last quarter. Private Trust Co. NA grew its holdings 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 valued at $30,000 after buying an additional 258 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of ExlService during the fourth quarter valued at approximately $33,000. Finally, Hantz Financial Services Inc. grew its holdings in shares of ExlService by 183.1% during the fourth quarter. Hantz Financial Services Inc. now owns 1,353 shares of the business services provider’s stock valued at $57,000 after buying an additional 875 shares during the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

ExlService Stock Down 0.8%

Shares of ExlService stock opened at $29.45 on Thursday. The company has a market cap of $4.50 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 1.25 and a beta of 0.82. The company’s 50 day moving average is $30.17 and its 200 day moving average is $34.79. ExlService Holdings, Inc. has a twelve month low of $26.82 and a twelve month high of $48.54. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

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

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

Insiders Place Their Bets

In other ExlService news, EVP Ajay Ayyappan sold 5,093 shares of the stock in a transaction that occurred on 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 approximately $1,426,215.34. This trade represents a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.66% of the company’s stock.

Analysts Set New Price Targets

EXLS has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target (down from $55.00) on shares of ExlService in a report on Wednesday, February 25th. Barrington Research set a $40.00 price target on shares of ExlService and gave the company an “outperform” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. increased their price objective 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. Weiss Ratings downgraded shares of ExlService from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 29th. Finally, Robert W. Baird set a $35.00 price objective on shares of ExlService in a research report on Wednesday, February 25th. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company 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.