AQR Capital Management LLC Purchases 46,842 Shares of ExlService Holdings, Inc. $EXLS

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

Several other large investors have also made changes to their positions in the company. Balboa Wealth Partners grew its holdings in shares of ExlService by 5.0% in the 1st quarter. Balboa Wealth Partners now owns 5,140 shares of the business services provider's stock worth $243,000 after purchasing an additional 244 shares during the last quarter. Xponance Inc. grew its holdings in shares of ExlService by 1.2% in the 1st quarter. Xponance Inc. now owns 23,630 shares of the business services provider's stock worth $1,116,000 after purchasing an additional 270 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings 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 purchasing an additional 286 shares during the last quarter. Caitong International Asset Management Co. Ltd grew 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 worth $85,000 after purchasing an additional 369 shares during the last quarter. Finally, State of Michigan Retirement System grew its holdings in shares of ExlService by 1.0% in the 1st quarter. State of Michigan Retirement System now owns 38,500 shares of the business services provider's stock worth $1,818,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 92.92% of the company's stock.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Needham & Company LLC reissued a "buy" rating and set a $55.00 price objective on shares of ExlService in a report on Tuesday, June 3rd. JPMorgan Chase & Co. decreased their price objective on shares of ExlService from $56.00 to $52.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. Five 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 has a consensus rating of "Moderate Buy" and an average target price of $51.33.

ExlService Trading Down 1.4%

Shares of NASDAQ EXLS traded down $0.60 during mid-day trading on Monday, hitting $42.99. The company's stock had a trading volume of 1,255,412 shares, compared to its average volume of 1,147,044. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of 1.92 and a beta of 0.85. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.15 and a quick ratio of 3.15. ExlService Holdings, Inc. has a one year low of $35.76 and a one year high of $52.43. The company's fifty day simple moving average is $43.19 and its 200-day simple moving average is $44.91.

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

ExlService 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.