Caxton Associates LLP Takes $729,000 Position in ExlService Holdings, Inc. $EXLS

Key Points

• Caxton Associates LLP invested approximately $729,000 in ExlService Holdings, purchasing 15,448 shares in the first quarter, reflecting growing interest from institutional investors.
• ExlService reported a quarterly earnings per share of $0.49, exceeding analysts' expectations, with a revenue increase of 14.7% year-over-year, amounting to $514.46 million.
• Favorable analyst ratings continue to support ExlService, with a consensus rating of "Moderate Buy" and an average price target of $51.33.

Caxton Associates LLP purchased a new position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,448 shares of the business services provider's stock, valued at approximately $729,000.

Other hedge funds have also recently modified their holdings of the company. Whittier Trust Co. purchased a new position in ExlService in the 1st quarter worth approximately $45,000. Morse Asset Management Inc purchased a new position in ExlService in the 4th quarter worth approximately $49,000. Strategic Investment Solutions Inc. IL bought a new position in ExlService in the 1st quarter valued at approximately $77,000. Caitong International Asset Management Co. Ltd increased 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 in the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of ExlService by 35.2% during the first quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider's stock valued at $101,000 after buying an additional 555 shares during the last quarter. Institutional investors own 92.92% of the company's stock.

Insider Activity

In other ExlService news, insider Vikas Bhalla sold 8,000 shares of ExlService stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $43.76, for a total transaction of $350,080.00. Following the completion of the sale, the insider owned 127,046 shares of the company's stock, valued at approximately $5,559,532.96. The trade was a 5.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.04% of the stock is currently owned by company insiders.

ExlService Trading Down 1.2%

NASDAQ EXLS traded down $0.54 during trading on Friday, hitting $43.59. The stock had a trading volume of 1,052,669 shares, compared to its average volume of 1,142,764. The stock has a 50 day simple moving average of $43.23 and a 200 day simple moving average of $44.97. ExlService Holdings, Inc. has a one year low of $35.76 and a one year high of $52.43. 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 stock has a market capitalization of $7.04 billion, a price-to-earnings ratio of 30.27, a P/E/G ratio of 1.95 and a beta of 0.84.

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 analysts' consensus estimates of $0.45 by $0.04. The firm had revenue of $514.46 million during 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 business's revenue was up 14.7% on a year-over-year basis. During the same period 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. Sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

EXLS has been the subject of several research reports. Needham & Company LLC reaffirmed a "buy" rating and set a $55.00 price target on shares of ExlService in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. cut their target price 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. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, ExlService presently has a consensus rating of "Moderate Buy" and a consensus target price of $51.33.

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.