ExlService Holdings, Inc. $EXLS Stock Position Reduced by Algert Global LLC

Key Points

• Algert Global LLC has reduced its stake in ExlService Holdings, Inc. by 52.6%, owning 167,172 shares worth approximately $7.89 million after selling 185,673 shares.
• In the latest earnings report, ExlService beat analysts' expectations with a $0.49 earnings per share on revenues of $514.46 million, a 14.7% increase year-over-year.
• Analysts have shown optimism about ExlService, with the consensus rating described as a "Moderate Buy" and a target price of $51.50 following multiple upgrades from firms like JPMorgan and Needham.

Algert Global LLC decreased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 52.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,172 shares of the business services provider's stock after selling 185,673 shares during the period. Algert Global LLC owned 0.10% of ExlService worth $7,892,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXLS. Whittier Trust Co. bought a new stake in ExlService during the first quarter worth approximately $45,000. Morse Asset Management Inc bought a new stake in ExlService during the fourth quarter worth approximately $49,000. Strategic Investment Solutions Inc. IL bought a new stake in ExlService during the first quarter worth approximately $77,000. Johnson Financial Group Inc. bought a new stake in ExlService during the fourth quarter worth approximately $85,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in ExlService by 25.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider's stock worth $85,000 after purchasing an additional 369 shares in the last quarter. Institutional investors own 92.92% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on EXLS. Wall Street Zen raised ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Needham & Company LLC reissued a "buy" rating and set a $55.00 target price on shares of ExlService in a report on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. dropped their target price on ExlService from $56.00 to $52.00 and set an "overweight" rating on the stock in a report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $51.33.

ExlService Price Performance

ExlService stock traded up $0.36 during mid-day trading on Thursday, hitting $43.65. The company's stock had a trading volume of 1,217,870 shares, compared to its average volume of 1,637,390. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $7.05 billion, a P/E ratio of 30.31, a P/E/G ratio of 1.91 and a beta of 0.81. ExlService Holdings, Inc. has a twelve month low of $35.16 and a twelve month high of $52.43. The stock's fifty day moving average price is $43.70 and its two-hundred day moving average price is $45.80.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. The firm had revenue of $514.46 million for the quarter, compared to analyst estimates of $504.87 million. ExlService had a net margin of 12.00% and a return on equity of 25.38%. The firm's quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 earnings per share. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. Research analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share 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.