Fox Run Management L.L.C. Grows Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Key Points

• Fox Run Management L.L.C. increased its stake in ExlService Holdings, Inc. by 153.4%, owning a total of 47,663 shares valued at approximately $2.25 million.
• Analysts are optimistic about ExlService, with six rating it as a buy and a consensus price target of $51.50 compared to its current performance.
• ExlService reported a stronger-than-expected quarterly earnings of $0.49 per share, exceeding analyst estimates of $0.45, along with a 14.7% increase in revenue year-over-year.

Fox Run Management L.L.C. boosted its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 153.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,663 shares of the business services provider's stock after buying an additional 28,857 shares during the quarter. ExlService makes up 0.3% of Fox Run Management L.L.C.'s portfolio, making the stock its 22nd largest position. Fox Run Management L.L.C.'s holdings in ExlService were worth $2,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cookson Peirce & Co. Inc. increased its position in ExlService by 16.6% during the 1st quarter. Cookson Peirce & Co. Inc. now owns 29,803 shares of the business services provider's stock valued at $1,407,000 after purchasing an additional 4,244 shares during the period. Oak Ridge Investments LLC increased its position in ExlService by 3.4% during the 1st quarter. Oak Ridge Investments LLC now owns 342,331 shares of the business services provider's stock valued at $16,161,000 after purchasing an additional 11,162 shares during the period. Lord Abbett & CO. LLC purchased a new position in ExlService during the 1st quarter valued at about $26,532,000. Caitong International Asset Management Co. Ltd increased its position in 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 valued at $85,000 after purchasing an additional 369 shares during the period. Finally, Russell Investments Group Ltd. increased its position in ExlService by 1.4% during the 1st quarter. Russell Investments Group Ltd. now owns 188,604 shares of the business services provider's stock valued at $8,904,000 after purchasing an additional 2,689 shares during the period. Institutional investors own 92.92% of the company's stock.

ExlService Price Performance

NASDAQ EXLS traded down $0.50 on Friday, hitting $42.34. The company had a trading volume of 967,108 shares, compared to its average volume of 1,817,377. The company has a market capitalization of $6.84 billion, a PE ratio of 29.40, a PEG ratio of 1.87 and a beta of 0.81. The company's fifty day moving average price is $43.96 and its 200-day moving average price is $45.92. 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 12-month low of $35.00 and a 12-month high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly 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 during the quarter, compared to analyst estimates of $504.87 million. During the same quarter in the previous year, the firm earned $0.40 EPS. The firm's revenue was up 14.7% compared to the same quarter last year. As a group, analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Wall Street Zen raised shares of ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. lifted their price objective on shares of ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $55.00 price objective on shares of ExlService in a research report on Tuesday, June 3rd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $51.50.

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.