ExlService Holdings, Inc. $EXLS Shares Bought by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC increased its stake in ExlService Holdings, Inc. by 20.4% in the first quarter, holding a total of 275,978 shares valued at approximately $12.83 million.
• ExlService reported quarterly earnings of $0.49 per share, surpassing analysts' estimates of $0.45, and achieved revenue of $514.46 million, up 14.7% year-over-year.
• Institutional investors now own 92.92% of ExlService's stock, indicating strong support among larger financial entities.

AQR Capital Management LLC grew its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 20.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 275,978 shares of the business services provider's stock after purchasing an additional 46,842 shares during the period. AQR Capital Management LLC owned approximately 0.17% of ExlService worth $12,830,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its holdings in shares of ExlService by 17.4% in the 4th quarter. Ameriprise Financial Inc. now owns 390,158 shares of the business services provider's stock worth $17,315,000 after acquiring an additional 57,706 shares during the period. Bank of America Corp DE grew its holdings in shares of ExlService by 13.1% in the 4th quarter. Bank of America Corp DE now owns 1,084,413 shares of the business services provider's stock worth $48,126,000 after acquiring an additional 125,755 shares during the period. Captrust Financial Advisors acquired a new stake in shares of ExlService in the 4th quarter worth approximately $234,000. Cetera Investment Advisers grew its holdings in shares of ExlService by 5.0% in the 4th quarter. Cetera Investment Advisers now owns 19,943 shares of the business services provider's stock worth $885,000 after acquiring an additional 958 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of ExlService in the 4th quarter worth approximately $99,000. Institutional investors and hedge funds own 92.92% of the company's stock.

Insider Transactions at ExlService

In related news, insider Vikas Bhalla sold 8,000 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $43.76, for a total value of $350,080.00. Following the completion of the sale, the insider directly owned 127,046 shares in the company, valued at approximately $5,559,532.96. This represents a 5.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.04% of the company's stock.

Analysts Set New Price Targets

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

ExlService Trading Down 0.8%

Shares of EXLS traded down $0.34 during trading hours on Monday, hitting $43.26. The stock had a trading volume of 82,085 shares, compared to its average volume of 1,591,567. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.15 and a current ratio of 3.15. The firm has a market cap of $6.99 billion, a P/E ratio of 30.04, a P/E/G ratio of 1.92 and a beta of 0.85. The company's fifty day simple moving average is $43.23 and its 200 day simple moving average is $44.95. ExlService Holdings, Inc. has a 12-month low of $35.76 and a 12-month high of $52.43.

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 (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. ExlService had a return on equity of 25.38% and a net margin of 12.00%.The firm had revenue of $514.46 million during 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 firm's quarterly revenue was up 14.7% compared to the same quarter last year. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. Equities research analysts forecast 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.