Next Century Growth Investors LLC Reduces Position in ExlService Holdings, Inc. $EXLS

Key Points

• Next Century Growth Investors LLC has reduced its stake in ExlService Holdings by 6.7%, now holding approximately $18.34 million worth of shares, which is 1.6% of its total portfolio.
• Wall Street analysts have given ExlService a consensus rating of "Moderate Buy" with a price target of $51.33, despite JPMorgan reducing its price objective from $56.00 to $52.00.
• In its latest quarterly earnings, ExlService reported a 14.7% increase in revenue year-over-year and beat analysts' EPS estimates, signaling strong financial performance.

Next Century Growth Investors LLC lowered its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 6.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 388,463 shares of the business services provider's stock after selling 28,104 shares during the period. ExlService makes up approximately 1.6% of Next Century Growth Investors LLC's investment portfolio, making the stock its 16th biggest holding. Next Century Growth Investors LLC owned approximately 0.24% of ExlService worth $18,339,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of 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 acquiring an additional 1,943,471 shares in the last quarter. Geneva Capital Management LLC raised its stake in shares of ExlService by 0.4% during the first quarter. Geneva Capital Management LLC now owns 4,655,565 shares of the business services provider's stock valued at $219,789,000 after acquiring an additional 18,647 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of ExlService by 25.2% during the first quarter. Handelsbanken Fonder AB now owns 2,746,690 shares of the business services provider's stock valued at $129,671,000 after acquiring an additional 552,000 shares in the last quarter. Northern Trust Corp raised its stake in shares of ExlService by 13.1% during the fourth quarter. Northern Trust Corp now owns 2,178,673 shares of the business services provider's stock valued at $96,690,000 after acquiring an additional 252,669 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of ExlService during the first quarter valued at approximately $91,114,000. Institutional investors own 92.92% of the company's stock.

ExlService Stock Down 1.7%

NASDAQ EXLS traded down $0.73 on Tuesday, hitting $43.05. The stock had a trading volume of 262,706 shares, compared to its average volume of 1,604,259. The business's fifty day moving average price is $43.31 and its 200 day moving average price is $45.31. 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 Holdings, Inc. has a 52-week low of $35.16 and a 52-week high of $52.43. The stock has a market cap of $6.95 billion, a price-to-earnings ratio of 29.90, a price-to-earnings-growth ratio of 1.93 and a beta of 0.85.

ExlService (NASDAQ:EXLS - Get Free Report) last released 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. ExlService had a net margin of 12.00% and a return on equity of 25.38%. The business had revenue of $514.46 million for the quarter, compared to analyst estimates of $504.87 million. During the same period in the previous year, the company earned $0.40 earnings per share. The business'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. Equities research analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

EXLS has been the subject of several research analyst reports. Wall Street Zen raised shares of ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. decreased their price target on shares of ExlService from $56.00 to $52.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $55.00 price target on shares of ExlService in a research note on Tuesday, June 3rd. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, ExlService presently has an average rating of "Moderate Buy" and a consensus price target of $51.33.

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.