ExlService Holdings, Inc. $EXLS Shares Purchased by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP significantly increased its stake in ExlService Holdings by 258.9%, acquiring a total of 147,906 shares valued at approximately $6.98 million.
• ExlService reported strong quarterly earnings with an EPS of $0.49, surpassing analyst expectations, and revenue grew by 14.7% year-over-year.
• Analysts estimate a consensus target price of $51.50 for ExlService, with a current average rating of "Moderate Buy" from several brokerages.

Quantbot Technologies LP raised its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 258.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 147,906 shares of the business services provider's stock after buying an additional 106,690 shares during the quarter. Quantbot Technologies LP owned about 0.09% of ExlService worth $6,983,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its position in shares of ExlService by 48.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 147,081 shares of the business services provider's stock worth $7,028,000 after purchasing an additional 48,056 shares during the period. QRG Capital Management Inc. raised its position in shares of ExlService by 3.7% during the 1st quarter. QRG Capital Management Inc. now owns 15,713 shares of the business services provider's stock worth $742,000 after purchasing an additional 559 shares during the period. KBC Group NV raised its position in shares of ExlService by 13.4% during the 1st quarter. KBC Group NV now owns 7,466 shares of the business services provider's stock worth $352,000 after purchasing an additional 883 shares during the period. GAMMA Investing LLC raised its position in shares of ExlService by 20.6% during the 1st quarter. GAMMA Investing LLC now owns 3,510 shares of the business services provider's stock worth $166,000 after purchasing an additional 599 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of ExlService by 1.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,112 shares of the business services provider's stock worth $713,000 after purchasing an additional 286 shares during the period. Institutional investors and hedge funds own 92.92% of the company's stock.

ExlService Stock Performance

Shares of NASDAQ EXLS opened at $43.18 on Tuesday. The stock has a fifty day moving average price of $43.88 and a two-hundred day moving average price of $45.83. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.15 and a current ratio of 3.15. The firm has a market cap of $6.97 billion, a P/E ratio of 29.99, a PEG ratio of 1.87 and a beta of 0.81. ExlService Holdings, Inc. has a 1 year low of $35.06 and a 1 year high of $52.43.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. The firm had revenue of $514.46 million during the quarter, compared to analyst estimates of $504.87 million. ExlService had a return on equity of 25.38% and a net margin of 12.00%. The firm's quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the company posted $0.40 EPS. 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 brokerages have recently weighed in on EXLS. JPMorgan Chase & Co. increased their price target on ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Needham & Company LLC reissued a "buy" rating and issued a $55.00 price objective on shares of ExlService in a report on Tuesday, June 3rd. Finally, Wall Street Zen raised ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, ExlService presently has an average rating of "Moderate Buy" and a consensus target price of $51.50.

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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