ExlService Holdings, Inc. $EXLS Shares Sold by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC decreased its stake in ExlService Holdings, Inc. by 33.8%, selling 20,407 shares for a total of $1.877 million in value.
• Several institutional investors have also made changes to their positions in ExlService, with significant new holdings from Whittier Trust Co. and Fifth Third Bancorp during the 1st quarter.
• ExlService reported a 14.7% year-over-year revenue increase to $514.46 million and beat earnings expectations, reporting $0.49 EPS against a consensus estimate of $0.45.

Hsbc Holdings PLC lessened its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 33.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,046 shares of the business services provider's stock after selling 20,407 shares during the period. Hsbc Holdings PLC's holdings in ExlService were worth $1,877,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whittier Trust Co. acquired a new position in ExlService during the 1st quarter worth approximately $45,000. Morse Asset Management Inc acquired a new position in ExlService during the 4th quarter worth approximately $49,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of ExlService during the 1st quarter worth approximately $77,000. Caitong International Asset Management Co. Ltd lifted its position in shares of 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 buying an additional 369 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of ExlService by 35.2% during the 1st quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider's stock worth $101,000 after buying an additional 555 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EXLS. JPMorgan Chase & Co. reduced their price objective 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. Wall Street Zen upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, Needham & Company LLC restated a "buy" rating and set a $55.00 price objective on shares of ExlService in a research report on Tuesday, June 3rd. 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.com, ExlService presently has an average rating of "Moderate Buy" and a consensus target price of $51.33.

ExlService Stock Up 1.1%

EXLS stock opened at $44.07 on Thursday. The company has a fifty day moving average price of $43.35 and a 200 day moving average price of $45.54. ExlService Holdings, Inc. has a 12 month low of $35.16 and a 12 month high of $52.43. The company has a market cap of $7.12 billion, a price-to-earnings ratio of 30.60, a price-to-earnings-growth ratio of 1.92 and a beta of 0.81. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.15 and a quick ratio of 3.15.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The business services provider reported $0.49 EPS for the quarter, beating 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 the consensus estimate of $504.87 million. During the same quarter in the prior year, the firm earned $0.40 EPS. ExlService's revenue for the quarter was up 14.7% on a year-over-year basis. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. Sell-side analysts expect 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.

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