Campbell Newman Asset Management 13F: Adds $1.5M to EXLS Stake

Campbell Newman Asset Management boosted its holdings in ExlService Holdings, Inc. EXLS by 54.6%, according to a Form 13F filing with the SEC on October 22, 2026. The fund purchased an additional 44,595 shares during the period to bring its total stake to 126,287 shares. The reported value of the investment reached approximately $4.34 million at the close of the quarter.

EXLS ExlService Holdings, Inc.

$42.91 ▲ +4.13% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Campbell Newman Asset Management's ExlService Holdings Position

The fund increased its exposure to the data and artificial intelligence provider by expanding from a prior total of 81,692 shares. That move added 44,595 shares to the portfolio, representing a 54.6% jump in the position size. The total value of the holdings stood at $4,341,747 following the transaction.

Other Institutional Activity in ExlService Holdings

Other large investors adjusted their positions in ExlService Holdings, Inc. EXLS during the reporting periods. AQR Capital Management, LLC reduced its holdings by 3,063,600 shares, ending with 6,812,609 shares worth about $292,329,051. Two Sigma Investments, LP grew its holdings by 311,976 shares, ending with 4,021,556 shares worth about $172,564,967. Geneva Capital Management LLC reduced its holdings by 819,464 shares, ending with 3,437,491 shares worth about $147,502,738. Shaw D.E. & Co., Inc. reduced its holdings by 187,267 shares, ending with 3,25Φ5,149 shares worth about $139,678,443.

ExlService Holdings, Inc. Stock Up 4.6%

ExlService Holdings, Inc. EXLS closed at $42.91 on October 22, 2026. The shares recently traded around $42.91 as of October 23, 2026, which is about equal to the event closing price. The stock trades above its 50-day moving average of $36.65 and above its 200-day moving average of $32.73. The shares sit slightly below their 52-week high of $43.88.

Recent Earnings

ExlService Holdings, Inc. EXLS reported trailing twelve-month revenue of $2,237,314,048 with an EPS of $1.58. The company posts a net profit margin of 11.2% and a return on equity of 25.9%. The next earnings release is scheduled for October 27, 2026.

Insider Buying and Selling at ExlService Holdings, Inc.

Company insiders executed several transactions prior to the filing. Andreas Fibig bought 7,871 shares on June 16, 2026. Vikas Bhalla sold 11,000 shares on August 3, 2026, at a price of $34.99 for a total value of $384,890. Vishal Chhibbar sold 5,000 shares on August 11, 2026, at $35.10 for $175,500. Vikas Bhalla later sold 10,000 shares on September 1, 2026, at $38.17 for $381,700.

Analysts Set New Price Targets

Wall Street firms maintain active coverage on the stock. On June 25, 2026, Barrington Research maintained an Outperform rating with a $40.00 price target. On July 9, 2026, TD Cowen maintained a Buy rating while lowering its target from $45.00 to $39.00. On July 29, 2026, Needham maintained a Buy rating and raised its target from $40.00 to $45.00. On July 30, 2026, Baird upgraded the stock to Outperform and raised its target from $35.00 to $45.00. On August 27, 2026, TD Cowen maintained a Buy rating and raised its target from $43.00 to $45.00. Across the broader analyst community, the stock holds a consensus recommendation of strong buy with a mean price target of $45.12.

About ExlService Holdings

ExlService Holdings, Inc. EXLS operates as a professional services firm specializing in data analytics and artificial intelligence solutions. The company serves clients across insurance, healthcare, banking, and capital markets from its headquarters in New York. Its operations span North America, Europe, and international markets.

Bottom Line

Investors will look toward the upcoming earnings report on October 27, 2026, for further updates on financial performance. Institutional adjustments and analyst revisions continue to shape market sentiment around the firm.