BI Asset Management Fondsmaeglerselskab A S Makes New Investment in ExlService Holdings, Inc. $EXLS

Key Points

• BI Asset Management Fondsmaeglerselskab A S has acquired a new stake in ExlService Holdings, purchasing 64,443 shares valued at approximately $3,042,000.
• Analysts remain optimistic about ExlService, with a consensus rating of "Moderate Buy" and an average target price of $51.33.
• ExlService reported better-than-expected earnings, with a 14.7% increase in quarterly revenue year-over-year, reaching $514.46 million.

BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 64,443 shares of the business services provider's stock, valued at approximately $3,042,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of EXLS. Whittier Trust Co. purchased a new position in ExlService during the first quarter valued at $45,000. Morse Asset Management Inc purchased a new stake in ExlService in the fourth quarter worth about $49,000. Strategic Investment Solutions Inc. IL bought a new position in shares of ExlService in the first quarter worth about $77,000. Johnson Financial Group Inc. purchased a new position in shares of ExlService during the 4th quarter valued at about $85,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of ExlService by 25.7% during the 1st 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 during the period. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on EXLS shares. Needham & Company LLC restated a "buy" rating and set a $55.00 target price on shares of ExlService in a research note on Tuesday, June 3rd. Wall Street Zen raised shares of ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. lowered their target price on shares of ExlService from $56.00 to $52.00 and set an "overweight" rating on the stock in a research note on Wednesday. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, ExlService has an average rating of "Moderate Buy" and a consensus price target of $51.33.

ExlService Trading Up 0.2%

Shares of EXLS opened at $43.29 on Thursday. The firm has a market cap of $6.99 billion, a P/E ratio of 30.06, a price-to-earnings-growth ratio of 1.91 and a beta of 0.81. 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 1 year low of $35.16 and a 1 year high of $52.43. The company has a 50 day simple moving average of $43.70 and a two-hundred day simple moving average of $45.80.

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

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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