Engineers Gate Manager LP Sells 185,221 Shares of ExlService Holdings, Inc. $EXLS

Engineers Gate Manager LP decreased its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 55.0% in the second quarter, Holdings Channel reports. The firm owned 151,409 shares of the business services provider’s stock after selling 185,221 shares during the period. Engineers Gate Manager LP’s holdings in ExlService were worth $3,915,000 at the end of the most recent quarter.

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

ExlService Price Performance

EXLS stock opened at $35.26 on Friday. The company has a market capitalization of $5.35 billion, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81. ExlService Holdings, Inc. has a 12 month low of $24.85 and a 12 month high of $44.32. The firm’s fifty day simple moving average is $33.17 and its 200-day simple moving average is $30.88.

ExlService (NASDAQ:EXLS) last posted its earnings results on Tuesday, July 28th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. ExlService had a net margin of 11.17% and a return on equity of 30.61%. The company had revenue of $594.76 million during the quarter, compared to the consensus estimate of $573.94 million. During the same period in the previous year, the firm posted $0.49 earnings per share. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. ExlService has set its FY 2026 guidance at 2.250-2.290 EPS. As a group, sell-side analysts forecast that ExlService Holdings, Inc. will post 1.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Needham & Company LLC boosted their price objective on shares of ExlService from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Robert W. Baird set a $45.00 target price on shares of ExlService and gave the stock an “outperform” rating in a report on Thursday, July 30th. TD Cowen restated a “buy” rating and issued a $45.00 price target (up from $43.00) on shares of ExlService in a report on Thursday, August 27th. Wall Street Zen lowered shares of ExlService from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings upgraded shares of ExlService from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 2nd. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.50.

Insider Activity at ExlService

In related news, insider Vikas Bhalla sold 11,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $34.99, for a total transaction of $384,890.00. Following the sale, the insider directly owned 130,295 shares of the company’s stock, valued at $4,559,022.05. This trade represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.66% of the stock is owned by insiders.

ExlService Company Profile

ExlService Holdings, Inc (NASDAQ: EXLS), operating as EXL, is a global data analytics and digital operations company. It helps businesses use data, artificial intelligence and automation to improve decision-making, streamline processes and enhance customer experiences.

EXL provides services including advanced analytics, artificial intelligence, digital transformation, business process management, finance and accounting, customer care, claims administration, underwriting support and other industry-specific operations.