Invesco Ltd. Buys 880,612 Shares of ExlService Holdings, Inc. $EXLS

Key Points

• Invesco Ltd. increased its stock holdings in ExlService Holdings, Inc. by 125.5% in the first quarter, now owning about 1.58 million shares valued at approximately $74.7 million.
• ExlService reported a quarterly earnings per share (EPS) of $0.49, exceeding the consensus estimate of $0.45, with a revenue of $514.46 million, marking a 14.7% increase from the previous year.
• Wall Street analysts maintain a positive outlook on ExlService, with an average rating of "Moderate Buy" and a target price of $51.50 per share.

Invesco Ltd. boosted its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 125.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,582,235 shares of the business services provider's stock after purchasing an additional 880,612 shares during the quarter. Invesco Ltd. owned about 0.97% of ExlService worth $74,697,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of EXLS. Bank of Montreal Can boosted its holdings in shares of ExlService by 9.7% during the 4th quarter. Bank of Montreal Can now owns 27,115 shares of the business services provider's stock worth $1,203,000 after buying an additional 2,397 shares during the period. Guggenheim Capital LLC acquired a new stake in ExlService during the fourth quarter worth approximately $627,000. Jump Financial LLC bought a new stake in shares of ExlService during the fourth quarter worth approximately $793,000. First Trust Advisors LP boosted its holdings in shares of ExlService by 49.8% during the fourth quarter. First Trust Advisors LP now owns 173,239 shares of the business services provider's stock worth $7,688,000 after acquiring an additional 57,575 shares during the period. Finally, MetLife Investment Management LLC grew its position in shares of ExlService by 7.3% in the fourth quarter. MetLife Investment Management LLC now owns 182,548 shares of the business services provider's stock valued at $8,101,000 after purchasing an additional 12,454 shares during the last quarter. 92.92% of the stock is owned by institutional investors.

ExlService Price Performance

Shares of NASDAQ EXLS traded up $0.2190 during mid-day trading on Thursday, reaching $43.5090. The company had a trading volume of 69,879 shares, compared to its average volume of 1,629,895. 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 $35.16 and a one year high of $52.43. The firm has a market cap of $7.03 billion, a price-to-earnings ratio of 30.18, a PEG ratio of 1.91 and a beta of 0.81. The business's 50-day simple moving average is $43.70 and its 200 day simple moving average is $45.80.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly 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. 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%. The firm's quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 EPS. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. On average, research analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on EXLS shares. JPMorgan Chase & Co. dropped their price target on ExlService from $56.00 to $52.00 and set an "overweight" rating for the company in a report on Wednesday. Needham & Company LLC reiterated a "buy" rating and set a $55.00 price objective on shares of ExlService in a research report on Tuesday, June 3rd. Finally, Wall Street Zen raised ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $51.33.

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.