Credit Agricole S A Invests $2.88 Million in ExlService Holdings, Inc. $EXLS

Key Points

• Credit Agricole S A invested approximately $2.88 million in ExlService Holdings by acquiring 60,983 shares during the first quarter, highlighting renewed interest from institutional investors in the company.
• ExlService reported better-than-expected quarterly earnings, posting $0.49 earnings per share and $514.46 million in revenue, significantly surpassing analysts' estimates.
• The stock currently has a consensus rating of "Moderate Buy" from analysts, with an average price target of $51.33, showing strong market confidence in ExlService's future performance.

Credit Agricole S A purchased a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 60,983 shares of the business services provider's stock, valued at approximately $2,879,000.

A number of other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of ExlService by 40.8% during the first quarter. JPMorgan Chase & Co. now owns 6,704,937 shares of the business services provider's stock valued at $316,540,000 after purchasing an additional 1,943,471 shares in the last quarter. Geneva Capital Management LLC lifted its position in shares of ExlService by 0.4% during the first quarter. Geneva Capital Management LLC now owns 4,655,565 shares of the business services provider's stock valued at $219,789,000 after purchasing an additional 18,647 shares in the last quarter. Handelsbanken Fonder AB lifted its position in shares of ExlService by 25.2% during the first quarter. Handelsbanken Fonder AB now owns 2,746,690 shares of the business services provider's stock valued at $129,671,000 after purchasing an additional 552,000 shares in the last quarter. Northern Trust Corp lifted its position in shares of ExlService by 13.1% during the fourth quarter. Northern Trust Corp now owns 2,178,673 shares of the business services provider's stock valued at $96,690,000 after purchasing an additional 252,669 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of ExlService during the first quarter valued at about $91,114,000. 92.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on EXLS. JPMorgan Chase & Co. lowered their price objective on shares of ExlService from $56.00 to $52.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Wall Street Zen raised shares of ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $55.00 price objective on shares of ExlService in a research report on Tuesday, June 3rd. 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 a consensus rating of "Moderate Buy" and a consensus target price of $51.33.

ExlService Stock Performance

EXLS stock traded down $0.07 during mid-day trading on Friday, hitting $43.52. The company had a trading volume of 115,556 shares, compared to its average volume of 1,606,829. The firm has a market cap of $7.03 billion, a PE ratio of 30.23, a price-to-earnings-growth ratio of 1.95 and a beta of 0.81. 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 Holdings, Inc. has a 12 month low of $35.16 and a 12 month high of $52.43. The stock's fifty day moving average price is $43.32 and its two-hundred day moving average price is $45.49.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its 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 firm had revenue of $514.46 million during 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 revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the company earned $0.40 earnings per share. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. On average, analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal 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.