Eventide Asset Management LLC Has $18.74 Million Stake in ExlService Holdings, Inc. $EXLS

Key Points

• Eventide Asset Management LLC reduced its holdings in ExlService Holdings, Inc. by 7.3%, leading to ownership of approximately 397,060 shares valued at $18.74 million.
• ExlService reported a 14.7% increase in quarterly revenue year-over-year, with earnings per share of $0.49, exceeding the consensus estimate of $0.45.
• Recent analyst upgrades include a shift from a "hold" to a "buy" rating by Wall Street Zen, while overall consensus maintains an average "Moderate Buy" rating with a price target of $51.33.

Eventide Asset Management LLC lowered its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 7.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 397,060 shares of the business services provider's stock after selling 31,265 shares during the period. Eventide Asset Management LLC owned 0.24% of ExlService worth $18,743,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in EXLS. Whittier Trust Co. bought a new position in ExlService during the 1st quarter worth $45,000. Morse Asset Management Inc bought a new position in ExlService during the 4th quarter worth $49,000. Strategic Investment Solutions Inc. IL bought a new position in ExlService during the 1st quarter worth $77,000. Caitong International Asset Management Co. Ltd increased its stake in ExlService by 25.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider's stock worth $85,000 after acquiring an additional 369 shares during the period. Finally, Fifth Third Bancorp increased its stake in ExlService by 35.2% during the 1st quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider's stock worth $101,000 after acquiring an additional 555 shares during the period. Institutional investors own 92.92% of the company's stock.

ExlService Price Performance

Shares of NASDAQ EXLS traded down $0.78 during mid-day trading on Monday, hitting $44.20. 1,936,251 shares of the stock traded hands, compared to its average volume of 1,606,139. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.15 and a quick ratio of 3.15. ExlService Holdings, Inc. has a twelve month low of $35.52 and a twelve month high of $52.43. The company has a market cap of $7.14 billion, a PE ratio of 30.69, a price-to-earnings-growth ratio of 1.99 and a beta of 0.85. The firm has a 50 day simple moving average of $43.33 and a two-hundred day simple moving average of $45.11.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings data 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 company 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 business posted $0.40 EPS. ExlService's revenue for the quarter 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, equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. reduced their target price on ExlService from $56.00 to $52.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. Needham & Company LLC reaffirmed a "buy" rating and issued a $55.00 target price on shares of ExlService in a report on Tuesday, June 3rd. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.