Allspring Global Investments Holdings LLC Boosts Stock Position in ExlService Holdings, Inc. $EXLS

Allspring Global Investments Holdings LLC raised its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 27.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 361,286 shares of the business services provider’s stock after purchasing an additional 76,846 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in ExlService were worth $11,005,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of EXLS. True Wealth Design LLC lifted its stake in shares of ExlService by 57.2% in the 4th quarter. True Wealth Design LLC now owns 706 shares of the business services provider’s stock worth $30,000 after acquiring an additional 257 shares during the period. Private Trust Co. NA boosted its holdings in shares of ExlService by 56.2% in the fourth quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 258 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of ExlService by 15.0% during the fourth quarter. Fifth Third Bancorp now owns 1,982 shares of the business services provider’s stock worth $84,000 after acquiring an additional 259 shares during the period. Composition Wealth LLC increased its stake in shares of ExlService by 1.6% during the fourth quarter. Composition Wealth LLC now owns 20,230 shares of the business services provider’s stock worth $859,000 after acquiring an additional 314 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in ExlService by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 54,274 shares of the business services provider’s stock worth $2,390,000 after purchasing an additional 318 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insiders Place Their Bets

In other news, insider Vikas Bhalla sold 12,000 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $30.22, for a total value of $362,640.00. Following the sale, the insider directly owned 153,295 shares in the company, valued at $4,632,574.90. This represents a 7.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ajay Ayyappan sold 5,093 shares of the stock in a transaction 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 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 position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. TD Cowen restated a “buy” rating and issued a $39.00 price objective (down from $45.00) on shares of ExlService in a research report on Thursday, July 9th. Barrington Research reiterated an “outperform” rating and set a $40.00 target price on shares of ExlService in a research report on Thursday, June 25th. JPMorgan Chase & Co. increased 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. Finally, Weiss Ratings cut ExlService from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 30th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $40.50.

ExlService Trading Down 1.9%

Shares of EXLS stock opened at $26.83 on Thursday. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The business has a fifty day simple moving average of $27.97 and a 200-day simple moving average of $31.45. ExlService Holdings, Inc. has a fifty-two week low of $24.85 and a fifty-two week high of $47.11. The stock has a market cap of $4.10 billion, a P/E ratio of 17.09, a P/E/G ratio of 1.15 and a beta of 0.84.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. ExlService had a net margin of 11.66% and a return on equity of 28.50%. The company had revenue of $570.35 million for the quarter, compared to the consensus estimate of $557.67 million. During the same quarter in the prior year, the firm earned $0.48 earnings per share. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. ExlService has set its FY 2026 guidance at 2.180-2.230 EPS. On average, analysts forecast that ExlService Holdings, Inc. will post 1.8 earnings per share for the current fiscal year.

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.