Adage Capital Partners GP L.L.C. Acquires Shares of 125,000 ExlService Holdings, Inc. $EXLS

Adage Capital Partners GP L.L.C. acquired a new position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 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 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EXLS. Whittier Trust Co. purchased a new position in shares of ExlService in the first quarter worth about $45,000. Morse Asset Management Inc acquired a new position in ExlService during the 4th quarter worth approximately $49,000. Strategic Investment Solutions Inc. IL acquired a new position in ExlService during the 1st quarter worth approximately $77,000. Caitong International Asset Management Co. Ltd boosted its holdings 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 valued at $85,000 after buying an additional 369 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in ExlService during the fourth quarter worth approximately $99,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXLS has been the topic of several analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $55.00 target price on shares of ExlService in a report on Tuesday, June 3rd. JPMorgan Chase & Co. reduced their price objective 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. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, ExlService currently has a consensus rating of "Moderate Buy" and an average price target of $51.33.

ExlService Trading Down 1.6%

Shares of NASDAQ:EXLS traded down $0.70 during trading on Friday, reaching $43.43. The stock had a trading volume of 262,929 shares, compared to its average volume of 1,595,672. The business has a fifty day moving average price of $43.26 and a 200-day moving average price of $45.03. 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 stock has a market cap of $7.01 billion, a P/E ratio of 30.18, a PEG ratio of 1.89 and a beta of 0.84. ExlService Holdings, Inc. has a fifty-two week low of $35.76 and a fifty-two week high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings results 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. ExlService had a net margin of 12.00% and a return on equity of 25.38%. The firm had revenue of $514.46 million during the quarter, compared to analyst estimates of $504.87 million. During the same quarter in the prior year, the business posted $0.40 earnings per share. ExlService's revenue for the quarter was up 14.7% compared to the same quarter last year. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. As a group, analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

About ExlService

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.