Lecap Asset Management Ltd. Takes Position in ExlService Holdings, Inc. $EXLS

Lecap Asset Management Ltd. bought a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 21,339 shares of the business services provider’s stock, valued at approximately $940,000.

Other large investors also recently bought and sold shares of the company. Securian Asset Management Inc. boosted its stake in shares of ExlService by 1.9% in the 2nd quarter. Securian Asset Management Inc. now owns 12,390 shares of the business services provider’s stock valued at $543,000 after buying an additional 228 shares during the period. Huntington National Bank raised its holdings in ExlService by 14.4% in the second quarter. Huntington National Bank now owns 1,953 shares of the business services provider’s stock valued at $86,000 after acquiring an additional 246 shares in the last quarter. Blue Trust Inc. lifted its stake in ExlService by 6.9% in the second quarter. Blue Trust Inc. now owns 3,914 shares of the business services provider’s stock worth $171,000 after acquiring an additional 254 shares during the last quarter. Jennison Associates LLC lifted its stake in ExlService by 1.5% in the second quarter. Jennison Associates LLC now owns 19,477 shares of the business services provider’s stock worth $853,000 after acquiring an additional 288 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in ExlService by 6.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 8,962 shares of the business services provider’s stock worth $392,000 after acquiring an additional 507 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Saturday, January 3rd. Weiss Ratings lowered ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $54.50.

ExlService Stock Down 0.1%

Shares of NASDAQ:EXLS opened at $42.69 on Friday. The firm has a 50 day simple moving average of $40.85 and a 200-day simple moving average of $42.20. ExlService Holdings, Inc. has a twelve month low of $37.30 and a twelve month high of $52.43. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $6.77 billion, a PE ratio of 29.04, a P/E/G ratio of 1.72 and a beta of 0.91.

ExlService (NASDAQ:EXLS) last posted its earnings results on Tuesday, October 28th. The business services provider reported $0.48 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 firm had revenue of $529.59 million for the quarter, compared to the consensus estimate of $522.35 million. During the same period last year, the firm posted $0.44 EPS. The company’s revenue was up 12.2% on a year-over-year basis. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. On average, equities analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Insider Activity

In other news, insider Vikas Bhalla sold 11,774 shares of ExlService stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $39.99, for a total transaction of $470,842.26. Following the sale, the insider owned 115,272 shares in the company, valued at approximately $4,609,727.28. The trade was a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.04% of the company’s stock.

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.