Axiom Investors LLC DE Sells 139,315 Shares of ExlService Holdings, Inc. $EXLS

Key Points

• Axiom Investors LLC DE sold 30.3% of its shares in ExlService Holdings, reducing its stake to 320,770 shares valued at approximately $15.1 million.
• Analysts maintain a positive outlook for ExlService, with Needham & Company reiterating a "buy" rating and a target price of $55, while the average price target across analysts is $51.33.
• ExlService reported a 14.7% year-over-year increase in revenue, achieving $514.46 million for the recent quarter and exceeding analysts’ expectations.

Axiom Investors LLC DE decreased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 30.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 320,770 shares of the business services provider's stock after selling 139,315 shares during the quarter. Axiom Investors LLC DE owned approximately 0.20% of ExlService worth $15,144,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Balboa Wealth Partners raised its position in shares of ExlService by 5.0% during the 1st quarter. Balboa Wealth Partners now owns 5,140 shares of the business services provider's stock worth $243,000 after purchasing an additional 244 shares during the last quarter. Xponance Inc. boosted its position in ExlService by 1.2% during the 1st quarter. Xponance Inc. now owns 23,630 shares of the business services provider's stock worth $1,116,000 after purchasing an additional 270 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in 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. Caitong International Asset Management Co. Ltd boosted its position 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 purchasing an additional 369 shares during the period. Finally, State of Michigan Retirement System boosted its position in ExlService by 1.0% in the 1st quarter. State of Michigan Retirement System now owns 38,500 shares of the business services provider's stock valued at $1,818,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EXLS shares. Needham & Company LLC reiterated a "buy" rating and set a $55.00 price objective on shares of ExlService in a research note on Tuesday, June 3rd. 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 report on Wednesday, August 20th. 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, ExlService has an average rating of "Moderate Buy" and an average price target of $51.33.

ExlService Trading Down 1.2%

ExlService stock traded down $0.54 during midday trading on Friday, reaching $43.59. The stock had a trading volume of 1,052,669 shares, compared to its average volume of 1,142,764. The firm's fifty day simple moving average is $43.23 and its two-hundred day simple moving average is $45.00. ExlService Holdings, Inc. has a twelve month low of $35.76 and a twelve month 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 firm has a market cap of $7.04 billion, a price-to-earnings ratio of 30.27, a PEG ratio of 1.95 and a beta of 0.84.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The business services provider reported $0.49 EPS for the quarter, topping 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 firm had revenue of $514.46 million during the quarter, compared to analyst estimates of $504.87 million. During the same quarter last year, the business posted $0.40 EPS. The company's revenue was up 14.7% on a year-over-year basis. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. Equities analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Insider Transactions at ExlService

In other ExlService news, insider Vikas Bhalla sold 8,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $43.76, for a total value of $350,080.00. Following the completion of the sale, the insider owned 127,046 shares in the company, valued at $5,559,532.96. This represents a 5.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.04% of the stock is currently owned by insiders.

ExlService 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.