Congress Asset Management Co. Buys Shares of 173,185 ExlService Holdings, Inc. $EXLS

Key Points

• Congress Asset Management Co. acquired 173,185 shares of ExlService Holdings, Inc., valued at approximately $7.58 million, representing a 0.11% ownership stake in the company.
• ExlService reported a 14.7% increase in quarterly revenue year-over-year, achieving $514.46 million and exceeding analysts' revenue expectations.
• Analysts have maintained a generally positive outlook on ExlService, with an average rating of "Moderate Buy" and a consensus price target of $51.33.

Congress Asset Management Co. purchased a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 173,185 shares of the business services provider's stock, valued at approximately $7,584,000. Congress Asset Management Co. owned approximately 0.11% of ExlService at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of EXLS. Whittier Trust Co. acquired a new position in ExlService in the 1st quarter valued at $45,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of ExlService in the first quarter valued at $77,000. Morse Asset Management Inc increased its stake in ExlService by 51.8% in the first quarter. Morse Asset Management Inc now owns 1,685 shares of the business services provider's stock valued at $80,000 after purchasing an additional 575 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in ExlService by 25.7% in 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 purchasing an additional 369 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in ExlService by 35.2% in the 1st quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider's stock worth $101,000 after buying an additional 555 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

ExlService Trading Up 1.2%

Shares of EXLS stock opened at $43.75 on Friday. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 0.24. ExlService Holdings, Inc. has a fifty-two week low of $37.53 and a fifty-two week high of $52.43. The firm's 50 day moving average price is $43.15 and its two-hundred day moving average price is $44.70. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 30.38, a price-to-earnings-growth ratio of 1.97 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 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. ExlService had a net margin of 12.00% and a return on equity of 25.38%. The business had revenue of $514.46 million for the quarter, compared to the consensus estimate of $504.87 million. During the same quarter last year, the firm posted $0.40 EPS. The business's revenue for the quarter was up 14.7% compared to the same quarter last year. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. On average, analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Buying and Selling at ExlService

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

Analyst Ratings Changes

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

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