HMS Capital Management LLC Makes New Investment in ExlService Holdings, Inc. $EXLS

Key Points

• HMS Capital Management LLC acquired a new stake in ExlService Holdings, purchasing 8,269 shares valued at approximately $390,000 during the first quarter.
• Institutional investors, including JPMorgan Chase & Co. and Handelsbanken Fonder AB, have significantly increased their positions in ExlService Holdings, leading to a collective ownership of 92.92% of the company's stock.
• Recent analyst ratings have mostly been positive, with JPMorgan raising its target price from $52.00 to $53.00 and five analysts giving the stock a Buy rating, while the average target price stands at $51.50.

HMS Capital Management LLC acquired a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,269 shares of the business services provider's stock, valued at approximately $390,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of ExlService by 40.8% during the first 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 increased its stake in 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 in the last quarter. Handelsbanken Fonder AB raised its holdings in 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 buying an additional 552,000 shares during the period. Northern Trust Corp lifted its stake in ExlService by 13.1% in the fourth quarter. Northern Trust Corp now owns 2,178,673 shares of the business services provider's stock valued at $96,690,000 after buying an additional 252,669 shares in the last quarter. Finally, Nuveen LLC bought a new position in ExlService in the first quarter valued at approximately $91,114,000. 92.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EXLS has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $55.00 target price on shares of ExlService in a research note on Tuesday, June 3rd. JPMorgan Chase & Co. reduced their price objective on ExlService from $56.00 to $52.00 and set an "overweight" rating for the company in a research report on Wednesday, August 20th. Finally, Wall Street Zen upgraded ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $51.33.

ExlService Stock Down 0.5%

Shares of ExlService stock traded down $0.2150 on Monday, reaching $43.8350. 246,406 shares of the company were exchanged, compared to its average volume of 1,623,772. The company has a market capitalization of $7.08 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 1.94 and a beta of 0.81. 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 Holdings, Inc. has a one year low of $35.16 and a one year high of $52.43. The company has a 50-day moving average of $43.55 and a 200 day moving average of $45.62.

ExlService (NASDAQ:EXLS - Get Free Report) last issued 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 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 the consensus estimate of $504.87 million. During the same period in the previous year, the company earned $0.40 earnings per share. The firm'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. On average, equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current 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.