Granahan Investment Management LLC Lowers Holdings in ExlService Holdings, Inc. $EXLS

Key Points

• Granahan Investment Management LLC reduced its holdings in ExlService Holdings by 35.7% in the first quarter, now owning 45,759 shares valued at approximately $2.16 million.
• ExlService's quarterly earnings outperformed expectations, reporting $0.49 earnings per share against a consensus estimate of $0.45, with revenues increasing by 14.7% year-over-year.
• The stock currently holds an average rating of "Moderate Buy" from analysts, with a consensus price target of $51.33.

Granahan Investment Management LLC reduced its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 35.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,759 shares of the business services provider's stock after selling 25,456 shares during the period. Granahan Investment Management LLC's holdings in ExlService were worth $2,160,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC grew its position in shares of ExlService by 20.4% during the 1st quarter. AQR Capital Management LLC now owns 275,978 shares of the business services provider's stock worth $12,830,000 after purchasing an additional 46,842 shares in the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in shares of ExlService in the first quarter valued at about $5,901,000. Cubist Systematic Strategies LLC lifted its holdings in ExlService by 148.2% in the first quarter. Cubist Systematic Strategies LLC now owns 357,861 shares of the business services provider's stock valued at $16,895,000 after buying an additional 213,691 shares during the period. Twin Tree Management LP bought a new stake in ExlService in the first quarter worth approximately $826,000. Finally, Baird Financial Group Inc. lifted its position in shares of ExlService by 9.4% during the 1st quarter. Baird Financial Group Inc. now owns 119,180 shares of the business services provider's stock valued at $5,626,000 after acquiring an additional 10,230 shares during the period. Institutional investors own 92.92% of the company's stock.

ExlService Trading Up 1.9%

EXLS stock traded up $0.81 during midday trading on Thursday, reaching $43.52. 337,176 shares of the company traded hands, compared to its average volume of 1,595,374. ExlService Holdings, Inc. has a 52-week low of $35.72 and a 52-week high of $52.43. The firm has a market capitalization of $7.03 billion, a price-to-earnings ratio of 30.18, a P/E/G ratio of 1.95 and a beta of 0.84. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.15 and a current ratio of 3.15. The business has a 50 day moving average of $43.29 and a 200-day moving average of $45.06.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.04. The company had revenue of $514.46 million during the quarter, compared to the consensus estimate of $504.87 million. ExlService had a net margin of 12.00% and a return on equity of 25.38%. ExlService's revenue was up 14.7% compared to the same quarter last year. During the same period last year, the firm earned $0.40 earnings per share. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. As a group, sell-side analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EXLS has been the subject of a number of recent research reports. 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. Needham & Company LLC reissued a "buy" rating and set a $55.00 price target on shares of ExlService in a research report on Tuesday, June 3rd. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $51.33.

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.