SCHEDULE: FMR LLC Holds 12% Stake in EXLSERVICE Holdings

FMR LLC and Abigail P. Johnson report a combined beneficial ownership of 12.0% of EXLSERVICE HOLDINGS INC's common stock as of September 30, 2026.

Summary

• FMR LLC, along with Abigail P. Johnson, has filed a Schedule 13G, indicating their beneficial ownership of EXLSERVICE HOLDINGS INC common stock.
• As of September 30, 2026, the total beneficial ownership reported is 18,225,634.83 shares, representing 12.0% of the class.
• FMR LLC holds sole voting power over 15,707,034.79 shares and sole dispositive power over 18,225,634.83 shares.
• Abigail P. Johnson has sole dispositive power over 18,225,634.83 shares.
• The filing is an amendment (Amendment No. 2) to a previous Schedule 13G filing.
• The reporting persons are classified as investment advisors (IA) and holding companies (HC) or investment companies (IN).

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as neutral to slightly positive, reflecting a significant but stable institutional ownership stake without immediate indications of aggressive action or significant changes in strategy.

Positives

• Significant institutional ownership by FMR LLC and Abigail P. Johnson, indicating confidence in EXLSERVICE HOLDINGS INC.
• The reporting persons have sole dispositive power over a substantial number of shares, suggesting strong control and investment conviction.

Negatives

• No specific negative financial or operational data is presented in this ownership filing.

Risks

• Potential for significant block trades by FMR LLC or Abigail P. Johnson, which could impact share price volatility.
• Concentration of ownership could lead to influence over corporate governance decisions.

Future Outlook

This filing does not contain forward-looking statements or specific future guidance from the company. It pertains to ownership reporting.

Management Comments

• FMR LLC and Abigail P. Johnson certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Industry Context

StockSavvy.ai notes that large institutional holdings, as reported in Schedule 13G filings, are common in the technology and business services sectors where EXLSERVICE HOLDINGS INC operates. This level of ownership by FMR LLC is typical for a significant institutional investor.

Comparison to Industry Standards

• FMR LLC's 12.0% stake in EXLSERVICE HOLDINGS INC is a substantial holding, often seen with major asset managers like BlackRock, Vanguard, or State Street in similar publicly traded companies.
• While specific comparable companies are not detailed in this filing, such ownership percentages are generally indicative of a top-tier institutional investor's conviction in a company's long-term prospects within its industry.

Stakeholder Impact

• Shareholders: The significant stake held by FMR LLC and Abigail P. Johnson may influence market perception and trading dynamics.
• Management and Board: The substantial ownership could lead to increased engagement or influence from these reporting persons on corporate strategy and governance.

Next Steps

• Continued monitoring of FMR LLC's and Abigail P. Johnson's ownership stake in EXLSERVICE HOLDINGS INC.
• Potential for future amendments to the Schedule 13G if ownership levels change significantly.

Key Dates

Keywords

EXLSERVICE HOLDINGS INC, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Investment Management