8,022 Shares in ExlService Holdings, Inc. $EXLS Bought by Townsquare Capital LLC

Key Points

• Townsquare Capital LLC acquired 8,022 shares of ExlService Holdings, valued at approximately $379,000, during the first quarter, joining other institutional investors who have also increased their stakes in the company.
• Equities analysts have issued a range of ratings for ExlService, with Needham & Company maintaining a "buy" rating and a price target of $55.00, while the stock has an average rating of "Moderate Buy" with a consensus target of $51.50.
• ExlService Holdings reported a quarterly earnings per share of $0.49, surpassing analyst expectations, and its revenue for the quarter reached $514.46 million, reflecting a year-over-year increase of 14.7%.

Townsquare Capital LLC purchased a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,022 shares of the business services provider's stock, valued at approximately $379,000.

Other institutional investors have also recently bought and sold shares of the company. Balboa Wealth Partners lifted its position in ExlService by 5.0% during the 1st quarter. Balboa Wealth Partners now owns 5,140 shares of the business services provider's stock worth $243,000 after buying an additional 244 shares in the last quarter. Xponance Inc. lifted its holdings in ExlService by 1.2% in the first quarter. Xponance Inc. now owns 23,630 shares of the business services provider's stock valued at $1,116,000 after buying an additional 270 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in ExlService by 1.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,112 shares of the business services provider's stock valued at $713,000 after buying an additional 286 shares during the period. State of Michigan Retirement System lifted its holdings in ExlService by 1.0% in the first quarter. State of Michigan Retirement System now owns 38,500 shares of the business services provider's stock valued at $1,818,000 after buying an additional 400 shares during the period. Finally, Louisiana State Employees Retirement System lifted its holdings in ExlService by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 45,100 shares of the business services provider's stock valued at $2,129,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 92.92% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Needham & Company LLC restated a "buy" rating and set a $55.00 target price on shares of ExlService in a research report on Tuesday, June 3rd. Wall Street Zen raised shares of ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. upped their target price on shares of ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $51.50.

ExlService Trading Down 1.2%

NASDAQ:EXLS opened at $42.34 on Monday. 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 business's 50-day simple moving average is $43.96 and its 200-day simple moving average is $45.88. ExlService Holdings, Inc. has a fifty-two week low of $35.00 and a fifty-two week high of $52.43. The stock has a market capitalization of $6.84 billion, a PE ratio of 29.40, a price-to-earnings-growth ratio of 1.87 and a beta of 0.81.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. ExlService had a net margin of 12.00% and a return on equity of 25.38%. The firm had revenue of $514.46 million for the quarter, compared to analyst estimates of $504.87 million. During the same quarter in the previous year, the firm posted $0.40 earnings per share. The business's revenue was up 14.7% on a year-over-year basis. Sell-side analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

ExlService Company 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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