Fifth Third Bancorp Grows Position in ExlService Holdings, Inc. $EXLS

Fifth Third Bancorp raised its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 2,532.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,166 shares of the business services provider’s stock after acquiring an additional 50,184 shares during the period. Fifth Third Bancorp’s holdings in ExlService were worth $1,588,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Fox Run Management L.L.C. purchased a new stake in ExlService during the 4th quarter worth about $1,455,000. UBS Group AG boosted its stake in shares of ExlService by 103.6% in the 4th quarter. UBS Group AG now owns 1,091,714 shares of the business services provider’s stock valued at $46,332,000 after buying an additional 555,382 shares during the period. Aberdeen Group plc grew its position in shares of ExlService by 18.8% during the fourth quarter. Aberdeen Group plc now owns 562,437 shares of the business services provider’s stock worth $23,870,000 after buying an additional 89,194 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in shares of ExlService by 18.5% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 693,008 shares of the business services provider’s stock worth $29,411,000 after buying an additional 108,398 shares in the last quarter. Finally, M&T Bank Corp increased its stake in shares of ExlService by 869.3% during the fourth quarter. M&T Bank Corp now owns 45,100 shares of the business services provider’s stock worth $1,874,000 after buying an additional 40,447 shares during the period. Institutional investors own 92.92% of the company’s stock.

Insider Transactions at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 5,093 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $29.11, for a total value of $148,257.23. Following the completion of the sale, the executive vice president 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vikas Bhalla sold 12,000 shares of the 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 of the company’s stock, valued at $4,632,574.90. The trade was a 7.26% decrease in their ownership of the stock. 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. 3.66% of the stock is owned by corporate insiders.

ExlService Trading Up 0.2%

Shares of ExlService stock opened at $26.88 on Friday. 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 company has a fifty day simple moving average of $27.97 and a 200-day simple moving average of $31.35. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 1.13 and a beta of 0.84. ExlService Holdings, Inc. has a 12-month low of $24.85 and a 12-month high of $47.11.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $0.58 EPS for the quarter, topping 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 firm had revenue of $570.35 million for the quarter, compared to analyst estimates of $557.67 million. During the same period last year, the business earned $0.48 EPS. ExlService’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, equities analysts forecast that ExlService Holdings, Inc. will post 1.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.