ExlService Holdings, Inc. $EXLS Shares Sold by Axiom Investors LLC DE

Key Points

• Axiom Investors LLC DE has decreased its stake in ExlService Holdings, Inc. by 30.3%, reducing its ownership to a total of 320,770 shares valued at approximately $15.1 million.
• ExlService recently reported earnings of $0.49 EPS for the last quarter, exceeding analysts' expectations and reflecting a 14.7% year-over-year revenue increase.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for ExlService, with a target price averaging around $51.33.

Axiom Investors LLC DE cut its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 30.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 320,770 shares of the business services provider's stock after selling 139,315 shares during the quarter. Axiom Investors LLC DE owned 0.20% of ExlService worth $15,144,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in 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. Nuveen LLC purchased a new position in ExlService during the first quarter valued at $91,114,000. Invesco Ltd. raised its holdings in shares of ExlService by 125.5% during the first quarter. Invesco Ltd. now owns 1,582,235 shares of the business services provider's stock valued at $74,697,000 after acquiring an additional 880,612 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of ExlService in the first quarter valued at approximately $26,532,000. Finally, Handelsbanken Fonder AB boosted its stake in shares of ExlService by 25.2% in the first quarter. Handelsbanken Fonder AB now owns 2,746,690 shares of the business services provider's stock worth $129,671,000 after acquiring an additional 552,000 shares during the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Wall Street Zen upgraded ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Needham & Company LLC reaffirmed a "buy" rating and set a $55.00 target price on shares of ExlService in a research note on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of ExlService from $56.00 to $52.00 and set an "overweight" rating for the company in a research report on Wednesday, August 20th. Five equities 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $51.33.

ExlService Trading Up 1.1%

ExlService stock traded up $0.49 during midday trading on Wednesday, hitting $44.07. 819,004 shares of the stock were exchanged, compared to its average volume of 1,620,132. ExlService Holdings, Inc. has a fifty-two week low of $35.16 and a fifty-two week high of $52.43. The stock has a market capitalization of $7.12 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 1.94 and a beta of 0.81. The stock's 50-day simple moving average is $43.35 and its 200 day simple moving average is $45.54. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 0.24.

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 (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. ExlService had a net margin of 12.00% and a return on equity of 25.38%. The firm had revenue of $514.46 million during the quarter, compared to analysts' expectations of $504.87 million. During the same period last year, the business earned $0.40 earnings per share. ExlService'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. On average, equities analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

ExlService Company 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.