ExlService Holdings, Inc. $EXLS Shares Sold by Fenimore Asset Management Inc

by · The Cerbat Gem

Fenimore Asset Management Inc decreased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS – Free Report) by 0.6% during the 4th quarter, HoldingsChannel reports. The fund owned 2,773,142 shares of the business services provider’s stock after selling 16,850 shares during the quarter. ExlService comprises approximately 2.5% of Fenimore Asset Management Inc’s portfolio, making the stock its 15th biggest holding. Fenimore Asset Management Inc’s holdings in ExlService were worth $117,692,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of EXLS. Mather Group LLC. acquired a new position in shares of ExlService during the 3rd quarter valued at about $25,000. CENTRAL TRUST Co lifted its position in ExlService by 2,428.0% in the third quarter. CENTRAL TRUST Co now owns 632 shares of the business services provider’s stock valued at $28,000 after buying an additional 607 shares during the last quarter. True Wealth Design LLC lifted its position in ExlService by 57.2% in the fourth quarter. True Wealth Design LLC now owns 706 shares of the business services provider’s stock valued at $30,000 after buying an additional 257 shares during the last quarter. Private Trust Co. NA lifted its position in 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 buying an additional 258 shares during the last quarter. Finally, First Horizon Corp acquired a new position in ExlService in the third quarter valued at about $32,000. Institutional investors and hedge funds own 92.92% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on EXLS shares. JPMorgan Chase & Co. upped their target price on shares of ExlService from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday. Weiss Ratings cut shares of ExlService from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, April 24th. Stifel Nicolaus decreased their target price on shares of ExlService from $54.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. TD Cowen decreased their target price on shares of ExlService from $51.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Finally, Wall Street Zen raised shares of ExlService from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $41.50.

Get Our Latest Analysis on ExlService

Insider Activity

In other news, EVP Ajay Ayyappan sold 1,197 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $29.79, for a total transaction of $35,658.63. Following the sale, the executive vice president owned 53,901 shares of the company’s stock, valued at approximately $1,605,710.79. This represents a 2.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.04% of the company’s stock.

ExlService Trading Down 0.4%

NASDAQ EXLS opened at $31.74 on Friday. The firm’s 50-day moving average is $30.73 and its two-hundred day moving average is $36.48. ExlService Holdings, Inc. has a 12 month low of $26.94 and a 12 month high of $48.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.56. The stock has a market capitalization of $4.85 billion, a P/E ratio of 20.22, a PEG ratio of 1.43 and a beta of 0.87.

ExlService (NASDAQ:EXLS – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. The business had revenue of $570.35 million for the quarter, compared to analysts’ expectations of $557.67 million. ExlService had a net margin of 11.66% and a return on equity of 28.50%. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 earnings per share. ExlService has set its FY 2026 guidance at 2.180-2.230 EPS. On average, sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.77 earnings per share for the current year.

ExlService announced that its Board of Directors has initiated a stock buyback program on Tuesday, March 17th that allows the company to buyback $125.00 million in outstanding shares. This buyback authorization allows the business services provider to buy up to 2.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

About ExlService

(Free Report)

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.

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