Adage Capital Partners GP L.L.C. Acquires New Position in ExlService Holdings, Inc. $EXLS

Adage Capital Partners GP L.L.C. purchased a new position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 125,000 shares of the business services provider's stock, valued at approximately $5,901,000. Adage Capital Partners GP L.L.C. owned about 0.08% of ExlService as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Whittier Trust Co. purchased a new position in ExlService in the first quarter worth approximately $45,000. Morse Asset Management Inc purchased a new position in ExlService in the fourth quarter worth approximately $49,000. Strategic Investment Solutions Inc. IL purchased a new position in ExlService in the first quarter worth approximately $77,000. Caitong International Asset Management Co. Ltd lifted its stake in ExlService by 25.7% in the first 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 during the last quarter. Finally, Fifth Third Bancorp lifted its stake in ExlService by 35.2% in the first 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 during the last quarter. Hedge funds and other institutional investors own 92.92% of the company's stock.

Analysts Set New Price Targets

EXLS has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their price target on shares of ExlService from $56.00 to $52.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. Needham & Company LLC restated a "buy" rating and set a $55.00 price objective on shares of ExlService in a research report on Tuesday, June 3rd. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $51.33.

ExlService Stock Up 1.9%

Shares of NASDAQ:EXLS opened at $44.98 on Monday. The company has a market capitalization of $7.26 billion, a PE ratio of 31.24, a P/E/G ratio of 1.99 and a beta of 0.85. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 0.24. ExlService Holdings, Inc. has a twelve month low of $35.16 and a twelve month high of $52.43. The firm has a 50 day simple moving average of $43.33 and a 200-day simple moving average of $45.11.

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