Hudson Edge Investment Partners Inc. Invests $778,000 in ExlService Holdings, Inc. $EXLS

Key Points

• Hudson Edge Investment Partners Inc. has invested $778,000 in ExlService Holdings, purchasing 17,760 shares in the second quarter.
• ExlService reported a 14.7% year-over-year revenue increase with quarterly revenue of $514.46 million and an EPS of $0.49, surpassing estimates.
• JPMorgan Chase & Co. reduced its price target on ExlService shares from $56 to $52, while the stock holds a consensus rating of "Moderate Buy" among analysts.

Hudson Edge Investment Partners Inc. purchased a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 17,760 shares of the business services provider's stock, valued at approximately $778,000.

Several other institutional investors also recently modified their holdings of EXLS. Whittier Trust Co. bought a new position in ExlService during the 1st quarter worth approximately $45,000. Strategic Investment Solutions Inc. IL bought a new position in ExlService during the 1st quarter worth approximately $77,000. Morse Asset Management Inc boosted its stake in ExlService by 51.8% during the 1st quarter. Morse Asset Management Inc now owns 1,685 shares of the business services provider's stock worth $80,000 after acquiring an additional 575 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake 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 acquiring an additional 369 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in ExlService by 35.2% during the 1st quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider's stock worth $101,000 after acquiring an additional 555 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

ExlService Stock Performance

Shares of EXLS stock opened at $43.44 on Friday. 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 company has a market capitalization of $7.02 billion, a P/E ratio of 30.17, a price-to-earnings-growth ratio of 2.00 and a beta of 0.86. The company's 50 day moving average price is $43.23 and its two-hundred day moving average price is $44.64. ExlService Holdings, Inc. has a 52 week low of $38.26 and a 52 week high of $52.43.

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. The firm had revenue of $514.46 million for 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%. The business's quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the company posted $0.40 EPS. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. On average, analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ExlService news, insider Vikas Bhalla sold 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $43.76, for a total transaction of $350,080.00. Following the sale, the insider directly owned 127,046 shares in the company, valued at approximately $5,559,532.96. This trade represents a 5.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 4.04% of the company's stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their price objective on shares of ExlService from $56.00 to $52.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.

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