FORA Capital LLC Acquires New Holdings in ExlService Holdings, Inc. $EXLS

Key Points

• FORA Capital LLC has invested $375,000 in ExlService Holdings by acquiring 7,947 shares, marking a significant addition to their portfolio during Q1.
• ExlService Holdings reported earnings of $0.49 per share, exceeding analyst expectations, and their revenue increased by 14.7% year-over-year to $514.46 million.
• Institutional investors own approximately 92.92% of ExlService's stock, highlighting strong confidence from large financial entities in the company's performance.

FORA Capital LLC bought a new position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,947 shares of the business services provider's stock, valued at approximately $375,000.

A number of other hedge funds have also modified their holdings of the stock. Jane Street Group LLC acquired a new position in ExlService during the first quarter worth $10,084,000. Jump Financial LLC lifted its stake in shares of ExlService by 550.9% in the first quarter. Jump Financial LLC now owns 116,332 shares of the business services provider's stock valued at $5,492,000 after buying an additional 98,459 shares during the period. AlphaQuest LLC lifted its stake in shares of ExlService by 5.7% in the first quarter. AlphaQuest LLC now owns 30,266 shares of the business services provider's stock valued at $1,429,000 after buying an additional 1,628 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in ExlService by 0.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,741,156 shares of the business services provider's stock worth $82,201,000 after purchasing an additional 9,020 shares during the period. Finally, HMS Capital Management LLC bought a new position in ExlService during the first quarter worth about $390,000. 92.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $55.00 price objective on shares of ExlService in a report on Tuesday, June 3rd. Wall Street Zen raised shares of ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. lowered their target price 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 research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $51.33.

ExlService Stock Performance

Shares of ExlService stock traded up $0.19 during trading on Friday, hitting $43.78. 1,028,507 shares of the stock were exchanged, compared to its average volume of 1,297,355. ExlService Holdings, Inc. has a 1-year low of $35.16 and a 1-year high of $52.43. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of 30.40, a price-to-earnings-growth ratio of 1.93 and a beta of 0.85. The company has a fifty day moving average price of $43.32 and a 200-day moving average price of $45.36. 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 (NASDAQ:EXLS - Get Free Report) last announced its earnings results on Tuesday, July 29th. The business services provider reported $0.49 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 company had revenue of $514.46 million for the quarter, compared to analysts' expectations of $504.87 million. During the same period last year, the firm 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. As a group, equities analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal 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.