Allspring Global Investments Holdings LLC Grows Stock Holdings in ExlService Holdings, Inc. $EXLS

Key Points

• Allspring Global Investments Holdings LLC increased its stake in ExlService Holdings, Inc. by 30.3% during the second quarter, now owning approximately 191,716 shares worth $8,551,000.
• ExlService reported a 14.7% year-over-year revenue increase of $514.46 million and earnings of $0.49 per share, exceeding analyst estimates.
• Multiple analysts maintain a Moderate Buy rating on ExlService, with an average price target of $52.40.

Allspring Global Investments Holdings LLC lifted its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 30.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 191,716 shares of the business services provider's stock after buying an additional 44,635 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.12% of ExlService worth $8,551,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in ExlService by 40.8% in 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 acquiring an additional 1,943,471 shares in the last quarter. Geneva Capital Management LLC boosted its position in shares of ExlService by 0.4% in the 1st quarter. Geneva Capital Management LLC now owns 4,655,565 shares of the business services provider's stock worth $219,789,000 after purchasing an additional 18,647 shares in the last quarter. Nuveen LLC purchased a new position in ExlService during the 1st quarter worth $91,114,000. Price T Rowe Associates Inc. MD increased its position in ExlService by 0.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,741,156 shares of the business services provider's stock valued at $82,201,000 after buying an additional 9,020 shares in the last quarter. Finally, Invesco Ltd. raised its stake in 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 buying an additional 880,612 shares during the last quarter. Hedge funds and other institutional investors own 92.92% of the company's stock.

ExlService Price Performance

Shares of NASDAQ:EXLS opened at $40.34 on Monday. ExlService Holdings, Inc. has a twelve month low of $38.36 and a twelve month high of $52.43. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 0.24. The company has a market cap of $6.52 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86. The company's 50 day moving average is $43.00 and its 200 day moving average is $44.18.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported $0.49 EPS for the quarter, beating 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 business had revenue of $514.46 million for the quarter, compared to the consensus estimate of $504.87 million. During the same period in the prior year, the firm earned $0.40 EPS. The business's revenue for the quarter was up 14.7% on a year-over-year basis. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. On average, sell-side analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on ExlService from $56.00 to $52.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. Weiss Ratings restated a "buy (b-)" rating on shares of ExlService in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $52.40.

Insider Buying and Selling at ExlService

In other ExlService news, insider Vikas Bhalla sold 8,000 shares of ExlService stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $43.76, for a total transaction of $350,080.00. Following the completion of the transaction, the insider owned 127,046 shares in the company, valued at approximately $5,559,532.96. This trade represents a 5.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 4.04% of the company's stock.

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.

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