Intech Investment Management LLC Boosts Stock Holdings in ExlService Holdings, Inc. $EXLS

Key Points

• Intech Investment Management LLC increased its holdings in ExlService Holdings, Inc. by 25.7% in the first quarter, owning a total of 76,785 shares valued at approximately $3.6 million after purchasing an additional 15,678 shares.
• ExlService reported a quarterly revenue of $514.46 million, exceeding analyst estimates, and announced a FY 2025 guidance of 1.860-1.900 EPS.
• Research firms have set a consensus target price of $51.33 for ExlService, with Needham & Company issuing a buy rating and a price target of $55.00.

Intech Investment Management LLC boosted its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 25.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,785 shares of the business services provider's stock after acquiring an additional 15,678 shares during the period. Intech Investment Management LLC's holdings in ExlService were worth $3,625,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Whittier Trust Co. purchased a new stake in ExlService in the first quarter valued at $45,000. Strategic Investment Solutions Inc. IL purchased a new stake in ExlService in the first quarter valued at $77,000. Morse Asset Management Inc lifted its position in ExlService by 51.8% in the first quarter. Morse Asset Management Inc now owns 1,685 shares of the business services provider's stock valued at $80,000 after acquiring an additional 575 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in ExlService by 25.7% in the first 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, Fifth Third Bancorp increased its stake in ExlService by 35.2% in the first quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider's stock valued at $101,000 after purchasing an additional 555 shares during the period. 92.92% of the stock is owned by hedge funds and other institutional investors.

ExlService Stock Performance

Shares of ExlService stock traded down $0.19 on Thursday, reaching $42.38. 1,668,722 shares of the stock were exchanged, compared to its average volume of 1,182,467. ExlService Holdings, Inc. has a 1-year low of $36.02 and a 1-year high of $52.43. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 0.24. The business has a fifty day moving average price of $43.02 and a two-hundred day moving average price of $44.84. The firm has a market capitalization of $6.84 billion, a PE ratio of 29.43, a PEG ratio of 1.94 and a beta of 0.84.

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 the consensus estimate of $0.45 by $0.04. The company had revenue of $514.46 million for the quarter, compared to analyst estimates of $504.87 million. ExlService had a net margin of 12.00% and a return on equity of 25.38%. The firm's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 earnings per share. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. As a group, research analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on EXLS. JPMorgan Chase & Co. dropped 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. Needham & Company LLC restated a "buy" rating and issued a $55.00 price objective on shares of ExlService in a research note on Tuesday, June 3rd. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $51.33.

Insider Transactions at ExlService

In related 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 owned 127,046 shares in the company, valued at approximately $5,559,532.96. This trade represents a 5.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.04% of the company's stock.

ExlService Company 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.