Baird Financial Group Inc. Purchases 10,230 Shares of ExlService Holdings, Inc. $EXLS

Key Points

• Baird Financial Group Inc. increased its stake in ExlService Holdings by 9.4%, owning 119,180 shares valued at approximately $5.6 million after acquiring an additional 10,230 shares.
• Analysts are optimistic about ExlService, with a consensus rating of "Moderate Buy" and a target price of $51.33, following upgrades from several firms.
• ExlService reported a quarterly earnings per share (EPS) of $0.49, exceeding estimates and reflecting a year-over-year revenue growth of 14.7%.

Baird Financial Group Inc. boosted its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 9.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 119,180 shares of the business services provider's stock after purchasing an additional 10,230 shares during the quarter. Baird Financial Group Inc. owned about 0.07% of ExlService worth $5,626,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in EXLS. Whittier Trust Co. purchased a new stake in ExlService during the 1st quarter valued at approximately $45,000. Morse Asset Management Inc bought a new position in shares of ExlService during the fourth quarter worth $49,000. Strategic Investment Solutions Inc. IL purchased a new position in ExlService during the first quarter valued at $77,000. Caitong International Asset Management Co. Ltd grew its stake in ExlService by 25.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider's stock valued at $85,000 after acquiring an additional 369 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in ExlService in the 4th quarter valued at $99,000. 92.92% of the stock is owned by hedge funds and other institutional investors.

ExlService Trading Down 3.2%

Shares of NASDAQ:EXLS traded down $1.41 during trading on Wednesday, reaching $42.71. The company's stock had a trading volume of 1,387,240 shares, compared to its average volume of 1,209,471. The stock has a market capitalization of $6.90 billion, a PE ratio of 29.66, a price-to-earnings-growth ratio of 1.95 and a beta of 0.84. ExlService Holdings, Inc. has a 12 month low of $35.52 and a 12 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 firm's 50 day simple moving average is $43.29 and its two-hundred day simple moving average is $45.06.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.04. The company had revenue of $514.46 million for the quarter, compared to analysts' expectations of $504.87 million. ExlService had a return on equity of 25.38% and a net margin of 12.00%.The firm's revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 earnings per share. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. On average, research analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on EXLS. JPMorgan Chase & Co. dropped their price objective on shares of ExlService from $56.00 to $52.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Needham & Company LLC reiterated a "buy" rating and issued a $55.00 target price on shares of ExlService in a research report on Tuesday, June 3rd. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $51.33.

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.