Cubist Systematic Strategies LLC Acquires 213,691 Shares of ExlService Holdings, Inc. $EXLS

Key Points

• Cubist Systematic Strategies LLC significantly increased its stake in ExlService Holdings by 148.2%, now holding approximately $16.9 million worth of shares.
• Recent analyst reports show a mix of opinions; while some firms upgraded ExlService's stock to a "buy," others like JPMorgan Chase & Co. lowered their price target.
• ExlService reported better-than-expected earnings of $0.49 per share for the last quarter, surpassing the consensus estimate of $0.45, with a revenue increase of 14.7% year-over-year.

Cubist Systematic Strategies LLC lifted its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 148.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 357,861 shares of the business services provider's stock after buying an additional 213,691 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.22% of ExlService worth $16,895,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in shares of ExlService by 40.8% during the 1st quarter. JPMorgan Chase & Co. now owns 6,704,937 shares of the business services provider's stock worth $316,540,000 after purchasing an additional 1,943,471 shares during the period. Geneva Capital Management LLC raised its stake in shares of ExlService by 0.4% during the 1st quarter. Geneva Capital Management LLC now owns 4,655,565 shares of the business services provider's stock worth $219,789,000 after purchasing an additional 18,647 shares during the period. Handelsbanken Fonder AB raised its stake in shares of ExlService by 25.2% during the 1st quarter. Handelsbanken Fonder AB now owns 2,746,690 shares of the business services provider's stock worth $129,671,000 after purchasing an additional 552,000 shares during the period. Northern Trust Corp raised its stake in shares of ExlService by 13.1% during the 4th quarter. Northern Trust Corp now owns 2,178,673 shares of the business services provider's stock worth $96,690,000 after purchasing an additional 252,669 shares during the period. Finally, Nuveen LLC bought a new stake in shares of ExlService during the 1st quarter worth $91,114,000. Institutional investors and hedge funds own 92.92% of the company's stock.

Analyst Upgrades and Downgrades

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

ExlService Price Performance

Shares of NASDAQ EXLS traded up $0.51 during midday trading on Thursday, hitting $44.13. 1,235,575 shares of the company's stock were exchanged, compared to its average volume of 1,603,348. ExlService Holdings, Inc. has a 12-month low of $35.16 and a 12-month high of $52.43. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 0.24. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 30.65, a PEG ratio of 1.93 and a beta of 0.84. The business's fifty day moving average price is $43.30 and its two-hundred day moving average price is $45.28.

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 for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. ExlService had a return on equity of 25.38% and a net margin of 12.00%.The company had revenue of $514.46 million during the quarter, compared to the consensus estimate of $504.87 million. During the same quarter in the previous year, the company posted $0.40 EPS. ExlService's quarterly 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. As a group, research analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

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.