Credit Agricole S A Makes New $2.88 Million Investment 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 bought a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 60,983 shares of the business services provider's stock, valued at approximately $2,879,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of ExlService during the first quarter worth $3,042,000. Quantbot Technologies LP lifted its position in ExlService by 258.9% in the first quarter. Quantbot Technologies LP now owns 147,906 shares of the business services provider's stock valued at $6,983,000 after acquiring an additional 106,690 shares during the last quarter. Versor Investments LP boosted its stake in ExlService by 88.6% in the first quarter. Versor Investments LP now owns 19,800 shares of the business services provider's stock valued at $935,000 after acquiring an additional 9,300 shares in the last quarter. Cresset Asset Management LLC boosted its stake in ExlService by 16.1% in the first quarter. Cresset Asset Management LLC now owns 6,111 shares of the business services provider's stock valued at $288,000 after acquiring an additional 849 shares in the last quarter. Finally, Aberdeen Group plc acquired a new position in ExlService in the first quarter valued at $18,320,000. Institutional investors and hedge funds own 92.92% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on EXLS. JPMorgan Chase & Co. decreased their price objective 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. Needham & Company LLC restated a "buy" rating and issued a $55.00 price objective on shares of ExlService in a research note on Tuesday, June 3rd. Finally, Wall Street Zen upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Five research 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, ExlService currently has an average rating of "Moderate Buy" and a consensus price target of $51.33.

ExlService Stock Performance

Shares of NASDAQ:EXLS traded down $0.37 on Thursday, reaching $43.71. The company's stock had a trading volume of 323,707 shares, compared to its average volume of 1,612,484. The stock's 50-day moving average is $43.35 and its two-hundred day moving average is $45.54. ExlService Holdings, Inc. has a 52-week low of $35.16 and a 52-week high of $52.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.15 and a quick ratio of 3.15. The stock has a market capitalization of $7.06 billion, a P/E ratio of 30.37, a PEG ratio of 1.92 and a beta of 0.81.

ExlService (NASDAQ:EXLS - Get Free Report) last announced 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 during the quarter, compared to analysts' expectations of $504.87 million. During the same period in the prior year, the company earned $0.40 earnings per share. The business's revenue was up 14.7% compared to the same quarter last year. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. As a group, sell-side analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

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.