Citigroup Inc. Acquires 56,112 Shares of ExlService Holdings, Inc. $EXLS

Key Points

• Citigroup Inc. increased its stake in ExlService Holdings by 29.8%, acquiring an additional 56,112 shares to reach a total of 244,299 shares valued at approximately $11.5 million.
• The company's stock has seen a price drop to $42.34, with a P/E ratio of 29.40 and a market cap of $6.84 billion, following quarterly earnings that exceeded expectations.
• Analysts remain optimistic, with a consensus rating of "Moderate Buy" and a price target averaging $51.50, as several firms have upgraded their ratings recently.

Citigroup Inc. increased its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 29.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 244,299 shares of the business services provider's stock after acquiring an additional 56,112 shares during the quarter. Citigroup Inc. owned about 0.15% of ExlService worth $11,533,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EXLS. Handelsbanken Fonder AB lifted 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 acquiring an additional 552,000 shares during the period. Invesco Ltd. lifted its stake in ExlService by 127.7% in the fourth quarter. Invesco Ltd. now owns 701,623 shares of the business services provider's stock worth $31,138,000 after acquiring an additional 393,439 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in ExlService in the fourth quarter worth $11,413,000. Northern Trust Corp lifted its stake in ExlService by 13.1% in the fourth quarter. Northern Trust Corp now owns 2,178,673 shares of the business services provider's stock worth $96,690,000 after acquiring an additional 252,669 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in ExlService in the first quarter worth $10,344,000. Hedge funds and other institutional investors own 92.92% of the company's stock.

Wall Street Analyst Weigh In

EXLS has been the subject of several recent research reports. Needham & Company LLC reissued a "buy" rating and set a $55.00 price objective on shares of ExlService in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. raised their price objective on ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Wall Street Zen raised ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, ExlService has a consensus rating of "Moderate Buy" and a consensus price target of $51.50.

ExlService Stock Down 0.0%

Shares of NASDAQ:EXLS traded down $0.0140 on Tuesday, hitting $43.1660. 138,817 shares of the company traded hands, compared to its average volume of 1,636,217. ExlService Holdings, Inc. has a 52 week low of $35.15 and a 52 week high of $52.43. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 0.24. The stock has a 50 day simple moving average of $43.88 and a 200-day simple moving average of $45.83. The company has a market cap of $6.97 billion, a PE ratio of 29.99, a PEG ratio of 1.87 and a beta of 0.81.

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, beating the consensus estimate of $0.45 by $0.04. ExlService had a return on equity of 25.38% and a net margin of 12.00%.The firm had revenue of $514.46 million during the quarter, compared to the consensus estimate of $504.87 million. During the same period last year, the company earned $0.40 earnings per share. The company's revenue was up 14.7% on a year-over-year basis. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. As a group, research analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current 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.