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

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 cut its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 30.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 about 0.20% of ExlService worth $15,144,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of 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 acquiring an additional 244 shares in the last quarter. Xponance Inc. increased its stake in ExlService by 1.2% in the first quarter. Xponance Inc. now owns 23,630 shares of the business services provider's stock valued at $1,116,000 after purchasing an additional 270 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in ExlService by 1.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,112 shares of the business services provider's stock valued at $713,000 after acquiring an additional 286 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of ExlService by 25.7% in 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 buying an additional 369 shares during the period. Finally, State of Michigan Retirement System boosted its holdings in ExlService by 1.0% in the first quarter. State of Michigan Retirement System now owns 38,500 shares of the business services provider's stock valued at $1,818,000 after purchasing an additional 400 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

EXLS has been the topic of several recent analyst reports. 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. JPMorgan Chase & Co. reduced their price target on 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $51.33.

ExlService Stock Performance

Shares of ExlService stock opened at $44.98 on Monday. The stock's fifty day simple moving average is $43.33 and its 200 day simple moving average is $45.11. The company has a market capitalization of $7.26 billion, a PE ratio of 31.24, a PEG ratio of 1.99 and a beta of 0.85. 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 Holdings, Inc. has a 12 month low of $35.16 and a 12 month high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last released its earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. The firm had revenue of $514.46 million during the quarter, compared to analysts' expectations of $504.87 million. ExlService had a return on equity of 25.38% and a net margin of 12.00%.The company's revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 EPS. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. On average, research analysts predict 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.

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