388,048 Shares in ExlService Holdings, Inc. $EXLS Acquired by Aberdeen Group plc

Key Points

• Aberdeen Group plc has acquired 388,048 shares of ExlService Holdings, Inc. valued at approximately $18.32 million, increasing its ownership to about 0.24% of the company.
• JPMorgan Chase & Co. has significantly boosted its stake in ExlService by 40.8%, making it a major institutional investor with over 6.7 million shares valued at $316.54 million.
• ExlService reported an earnings per share (EPS) of $0.49 for the last quarter, exceeding estimates and showing a 14.7% increase in quarterly revenue compared to the previous year.

Aberdeen Group plc acquired a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 388,048 shares of the business services provider's stock, valued at approximately $18,320,000. Aberdeen Group plc owned about 0.24% of ExlService at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of EXLS. JPMorgan Chase & Co. raised its position in shares of ExlService by 40.8% during the first quarter. JPMorgan Chase & Co. now owns 6,704,937 shares of the business services provider's stock valued at $316,540,000 after buying an additional 1,943,471 shares during the last quarter. Nuveen LLC purchased a new position in shares of ExlService in the first quarter valued at $91,114,000. Invesco Ltd. grew its holdings in shares of ExlService by 125.5% in the first quarter. Invesco Ltd. now owns 1,582,235 shares of the business services provider's stock valued at $74,697,000 after purchasing an additional 880,612 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of ExlService in the first quarter valued at $26,532,000. Finally, Handelsbanken Fonder AB grew its holdings in shares of ExlService by 25.2% in the first quarter. Handelsbanken Fonder AB now owns 2,746,690 shares of the business services provider's stock valued at $129,671,000 after purchasing an additional 552,000 shares in the last quarter. Institutional investors own 92.92% of the company's stock.

ExlService Stock Up 2.0%

NASDAQ EXLS opened at $43.18 on Tuesday. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average of $43.88 and a two-hundred day moving average of $45.83. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 29.99, a PEG ratio of 1.87 and a beta of 0.81. ExlService Holdings, Inc. has a 52 week low of $35.06 and a 52 week high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The business services provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.45 by $0.04. The company had revenue of $514.46 million during the quarter, compared to analyst estimates of $504.87 million. ExlService had a net margin of 12.00% and a return on equity of 25.38%. ExlService's quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 earnings per share. On average, analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on EXLS shares. JPMorgan Chase & Co. raised their target price on shares of ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Wall Street Zen raised shares of ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $55.00 target price on shares of ExlService in a report on Tuesday, June 3rd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.50.

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.

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