American Century Companies Inc. Lowers Position in ExlService Holdings, Inc. $EXLS

Key Points

• American Century Companies Inc. has reduced its stake in ExlService Holdings, Inc. by 32.5%, selling 198,053 shares, and now holds 411,563 shares valued at approximately $19.4 million.
• Wall Street analysts' sentiment is generally positive for ExlService, with a consensus rating of "Moderate Buy" and a target price of $51.33.
• ExlService reported strong quarterly earnings, with $0.49 earnings per share and a year-over-year revenue increase of 14.7%, surpassing analysts' expectations.

American Century Companies Inc. lowered its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 32.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 411,563 shares of the business services provider's stock after selling 198,053 shares during the period. American Century Companies Inc. owned approximately 0.25% of ExlService worth $19,430,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its holdings in shares of ExlService by 48.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 147,081 shares of the business services provider's stock valued at $7,028,000 after purchasing an additional 48,056 shares during the last quarter. QRG Capital Management Inc. increased its stake in shares of ExlService by 3.7% in the 1st quarter. QRG Capital Management Inc. now owns 15,713 shares of the business services provider's stock worth $742,000 after acquiring an additional 559 shares in the last quarter. KBC Group NV increased its stake in shares of ExlService by 13.4% in the 1st quarter. KBC Group NV now owns 7,466 shares of the business services provider's stock worth $352,000 after acquiring an additional 883 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of ExlService by 1.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,112 shares of the business services provider's stock worth $713,000 after acquiring an additional 286 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of ExlService by 20.6% in the 1st quarter. GAMMA Investing LLC now owns 3,510 shares of the business services provider's stock worth $166,000 after acquiring an additional 599 shares in the last quarter. Institutional investors own 92.92% of the company's stock.

ExlService Price Performance

NASDAQ:EXLS traded up $0.19 during trading hours on Friday, hitting $43.78. 1,028,507 shares of the stock traded hands, compared to its average volume of 1,338,740. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 0.24. ExlService Holdings, Inc. has a 1 year low of $35.16 and a 1 year high of $52.43. The company has a market cap of $7.07 billion, a price-to-earnings ratio of 30.40, a price-to-earnings-growth ratio of 1.92 and a beta of 0.81. The stock has a 50 day moving average price of $43.32 and a 200 day moving average price of $45.44.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share 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 quarter in the previous year, the firm earned $0.40 earnings per share. The company'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. Sell-side analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on EXLS shares. 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. Wall Street Zen upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $55.00 price target on shares of ExlService in a research note on Tuesday, June 3rd. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $51.33.

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.