William Blair Investment Management LLC Has $109.67 Million Holdings in ExlService Holdings, Inc. $EXLS

William Blair Investment Management LLC lessened its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 10.8% in the fourth quarter, Holdings Channel reports. The firm owned 2,584,072 shares of the business services provider’s stock after selling 313,016 shares during the quarter. William Blair Investment Management LLC’s holdings in ExlService were worth $109,668,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXLS. AQR Capital Management LLC raised its stake in ExlService by 540.4% in the third quarter. AQR Capital Management LLC now owns 1,963,973 shares of the business services provider’s stock valued at $86,474,000 after purchasing an additional 1,657,317 shares in the last quarter. Amundi acquired a new position in ExlService during the third quarter worth about $67,862,000. Jane Street Group LLC raised its stake in ExlService by 534.2% during the second quarter. Jane Street Group LLC now owns 1,354,599 shares of the business services provider’s stock worth $59,318,000 after acquiring an additional 1,141,008 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in ExlService by 4,269.6% during the second quarter. Qube Research & Technologies Ltd now owns 882,480 shares of the business services provider’s stock worth $38,644,000 after acquiring an additional 862,284 shares in the last quarter. Finally, Tudor Investment Corp ET AL raised its stake in ExlService by 451.2% during the third quarter. Tudor Investment Corp ET AL now owns 975,894 shares of the business services provider’s stock worth $42,969,000 after acquiring an additional 798,831 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insider Buying and Selling at ExlService

In other news, EVP Ajay Ayyappan sold 5,093 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $29.11, for a total transaction of $148,257.23. Following the sale, the executive vice president directly owned 48,994 shares in the company, valued at approximately $1,426,215.34. The trade was a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 4.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on EXLS shares. JPMorgan Chase & Co. boosted their target price on ExlService from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings downgraded ExlService from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, April 24th. Robert W. Baird set a $35.00 target price on ExlService in a research note on Wednesday, February 25th. Barrington Research set a $40.00 target price on ExlService and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Finally, TD Cowen lowered their target price on ExlService from $51.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, ExlService currently has an average rating of “Moderate Buy” and a consensus price target of $41.50.

ExlService Stock Performance

NASDAQ:EXLS opened at $29.51 on Friday. The stock has a market cap of $4.51 billion, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 1.25 and a beta of 0.87. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The stock’s 50-day moving average is $30.33 and its 200-day moving average is $35.39. ExlService Holdings, Inc. has a 1-year low of $26.82 and a 1-year high of $48.54.

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

ExlService announced that its Board of Directors has approved a stock buyback plan on Tuesday, March 17th that authorizes the company to repurchase $125.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to purchase up to 2.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.