Driehaus Capital Management LLC Purchases Shares of 1,221,793 ExlService Holdings, Inc. $EXLS

Key Points

• Driehaus Capital Management LLC acquired 1,221,793 shares of ExlService Holdings, Inc. for approximately $57.68 million, representing a 0.75% ownership stake.
• ExlService reported a 14.7% year-over-year increase in revenue for the recent quarter, totaling $514.46 million, with earnings per share beating estimates.
• Wall Street analysts currently hold a consensus rating of "Moderate Buy" for ExlService, with an average price target of $51.33 per share.

Driehaus Capital Management LLC purchased a new position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,221,793 shares of the business services provider's stock, valued at approximately $57,681,000. Driehaus Capital Management LLC owned approximately 0.75% of ExlService at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Whittier Trust Co. bought a new position in shares of ExlService in the 1st quarter worth $45,000. Morse Asset Management Inc bought a new position in shares of ExlService in the 4th quarter worth $49,000. Strategic Investment Solutions Inc. IL bought a new position in shares of ExlService in the 1st quarter worth $77,000. Caitong International Asset Management Co. Ltd raised its position in shares of ExlService by 25.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider's stock worth $85,000 after acquiring an additional 369 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of ExlService by 35.2% in the 1st quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider's stock worth $101,000 after acquiring an additional 555 shares in the last quarter. 92.92% of the stock is owned by institutional investors.

ExlService Stock Performance

ExlService stock traded down $0.14 during trading hours on Wednesday, hitting $43.19. 239,799 shares of the stock traded hands, compared to its average volume of 1,600,266. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.15 and a quick ratio of 3.15. The firm's 50 day moving average price is $43.29 and its 200-day moving average price is $45.29. The stock has a market capitalization of $6.97 billion, a price-to-earnings ratio of 29.96, a P/E/G ratio of 1.93 and a beta of 0.84. ExlService Holdings, Inc. has a 1 year low of $35.16 and a 1 year high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.04. The business had revenue of $514.46 million for the quarter, compared to the consensus estimate of $504.87 million. ExlService had a return on equity of 25.38% and a net margin of 12.00%.The company's quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.40 EPS. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. As a group, equities analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on EXLS. Wall Street Zen raised ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. reduced their price target on ExlService from $56.00 to $52.00 and set an "overweight" rating for the company in a research report on Wednesday, August 20th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $55.00 target price on shares of ExlService in a research report on Tuesday, June 3rd. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $51.33.

ExlService Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.