ExlService Holdings, Inc. $EXLS Shares Purchased by Fox Run Management L.L.C.

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. grew its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 153.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,663 shares of the business services provider's stock after buying an additional 28,857 shares during the period. ExlService accounts for approximately 0.3% of Fox Run Management L.L.C.'s holdings, making the stock its 22nd biggest holding. Fox Run Management L.L.C.'s holdings in ExlService were worth $2,250,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in EXLS. Whittier Trust Co. purchased a new stake in ExlService during the 1st quarter worth $45,000. Morse Asset Management Inc purchased a new stake in ExlService during the 4th quarter worth $49,000. Strategic Investment Solutions Inc. IL purchased a new stake in ExlService during the 1st quarter worth $77,000. Johnson Financial Group Inc. purchased a new stake in ExlService during the 4th quarter worth $85,000. Finally, Caitong International Asset Management Co. Ltd boosted 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 worth $85,000 after purchasing an additional 369 shares during the period. 92.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EXLS. Wall Street Zen raised shares of ExlService from a "hold" rating to a "buy" rating in a research 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 research report on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $51.50.

ExlService Stock Up 0.0%

Shares of EXLS stock traded up $0.0070 during trading hours on Tuesday, hitting $43.1870. 315,516 shares of the company were exchanged, compared to its average volume of 1,637,068. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.15 and a current ratio of 3.15. ExlService Holdings, Inc. has a one year low of $35.15 and a one year high of $52.43. The business's 50-day simple moving average is $43.88 and its two-hundred day simple moving average is $45.83. The stock has a market capitalization of $6.98 billion, a price-to-earnings ratio of 29.99, a P/E/G ratio of 1.87 and a beta of 0.81.

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 business had revenue of $514.46 million for the quarter, compared to analysts' expectations of $504.87 million. During the same quarter last year, the company posted $0.40 earnings per share. The company'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. Sell-side analysts predict 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.