Hillsdale Investment Management Inc. Purchases 26,820 Shares of ExlService Holdings, Inc. $EXLS

Hillsdale Investment Management Inc. boosted its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 15.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,820 shares of the business services provider’s stock after acquiring an additional 26,820 shares during the period. Hillsdale Investment Management Inc. owned 0.13% of ExlService worth $6,115,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXLS. Empowered Funds LLC grew its position in shares of ExlService by 277.7% during the 1st quarter. Empowered Funds LLC now owns 17,384 shares of the business services provider’s stock valued at $821,000 after purchasing an additional 12,781 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in ExlService by 4.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 497,474 shares of the business services provider’s stock valued at $23,486,000 after buying an additional 19,769 shares during the period. Jane Street Group LLC purchased a new position in ExlService during the first quarter worth about $10,084,000. EverSource Wealth Advisors LLC grew its position in ExlService by 575.2% during the second quarter. EverSource Wealth Advisors LLC now owns 2,883 shares of the business services provider’s stock worth $126,000 after buying an additional 2,456 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in ExlService in the 2nd quarter worth about $1,704,000. Institutional investors own 92.92% of the company’s stock.

ExlService Price Performance

Shares of ExlService stock opened at $27.32 on Wednesday. The firm has a market capitalization of $4.17 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 1.20 and a beta of 0.84. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. ExlService Holdings, Inc. has a 12 month low of $24.85 and a 12 month high of $47.11. The business’s 50-day moving average price is $28.25 and its 200-day moving average price is $32.09.

ExlService (NASDAQ:EXLS) last released its 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. The company had revenue of $570.35 million during the quarter, compared to the consensus estimate of $557.67 million. ExlService had a return on equity of 28.50% and a net margin of 11.66%.ExlService’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS. ExlService has set its FY 2026 guidance at 2.180-2.230 EPS. Sell-side analysts forecast that ExlService Holdings, Inc. will post 1.8 EPS for the current fiscal year.

ExlService announced that its board has initiated a stock repurchase plan on Tuesday, March 17th that allows the company to buyback $125.00 million in shares. This buyback authorization allows the business services provider to repurchase up to 2.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at ExlService

In other news, insider Vikas Bhalla sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $30.22, for a total value of $362,640.00. Following the completion of the sale, the insider directly owned 153,295 shares in the company, valued at approximately $4,632,574.90. The trade was a 7.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ajay Ayyappan sold 5,093 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $29.11, for a total transaction of $148,257.23. Following the completion of the sale, the executive vice president directly owned 48,994 shares of the company’s stock, valued at $1,426,215.34. This trade represents a 9.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on EXLS shares. TD Cowen reaffirmed a “buy” rating and issued a $39.00 price target (down from $45.00) on shares of ExlService in a report on Thursday, July 9th. Weiss Ratings lowered ExlService from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 30th. Barrington Research restated an “outperform” rating and issued a $40.00 price objective on shares of ExlService in a research report on Thursday, June 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of ExlService from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, ExlService presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.50.

ExlService 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.