Caxton Associates LLP Acquires Shares of 15,448 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,448 shares of the business services provider's stock, valued at approximately $729,000.

A number of other institutional investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in ExlService by 40.8% in the first quarter. JPMorgan Chase & Co. now owns 6,704,937 shares of the business services provider's stock worth $316,540,000 after buying an additional 1,943,471 shares in the last quarter. Geneva Capital Management LLC raised its stake in ExlService by 0.4% in the first quarter. Geneva Capital Management LLC now owns 4,655,565 shares of the business services provider's stock worth $219,789,000 after buying an additional 18,647 shares in the last quarter. Handelsbanken Fonder AB raised its stake in ExlService by 25.2% in the first quarter. Handelsbanken Fonder AB now owns 2,746,690 shares of the business services provider's stock worth $129,671,000 after buying an additional 552,000 shares in the last quarter. Nuveen LLC bought a new position in ExlService in the first quarter worth about $91,114,000. Finally, Price T Rowe Associates Inc. MD raised its stake in ExlService by 0.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,741,156 shares of the business services provider's stock worth $82,201,000 after buying an additional 9,020 shares in the last quarter. 92.92% of the stock is owned by institutional investors.

Insider Activity at ExlService

In other ExlService news, insider Vikas Bhalla sold 8,000 shares of ExlService stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $43.76, for a total value of $350,080.00. Following the sale, the insider directly owned 127,046 shares in the company, 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 is accessible through this link. 4.04% of the stock is owned by insiders.

ExlService Stock Performance

Shares of ExlService stock traded down $0.55 on Tuesday, hitting $42.44. 234,730 shares of the company's stock were exchanged, compared to its average volume of 1,590,620. The company has a 50-day simple moving average of $43.19 and a 200-day simple moving average of $44.91. The stock has a market capitalization of $6.86 billion, a PE ratio of 29.56, a PEG ratio of 1.92 and a beta of 0.85. ExlService Holdings, Inc. has a 1 year low of $35.76 and a 1 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.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $514.46 million for the quarter, compared to analysts' expectations of $504.87 million. ExlService had a net margin of 12.00% and a return on equity of 25.38%. The company's revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.40 EPS. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. As a group, equities analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Needham & Company LLC restated a "buy" rating and issued a $55.00 price objective on shares of ExlService in a report on Tuesday, June 3rd. JPMorgan Chase & Co. cut 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 investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $51.33.

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.