284,772 Shares in ExlService Holdings, Inc. $EXLS Acquired by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. acquired 284,772 shares of ExlService Holdings, Inc., totaling approximately $13.4 million, marking a new position in the company.
• ExlService reported a 14.7% increase in revenue year-over-year, with earnings per share reaching $0.49, surpassing analysts' expectations.
• The stock has received a consensus rating of "Moderate Buy" from analysts, with a price target averaging $51.33.

Jacobs Levy Equity Management Inc. purchased a new position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 284,772 shares of the business services provider's stock, valued at approximately $13,444,000. Jacobs Levy Equity Management Inc. owned 0.18% of ExlService as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Whittier Trust Co. bought a new position in shares of ExlService in the first quarter worth $45,000. Morse Asset Management Inc bought a new position in ExlService in the fourth quarter valued at about $49,000. Strategic Investment Solutions Inc. IL bought a new position in ExlService in the first quarter valued at about $77,000. Caitong International Asset Management Co. Ltd grew its position 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 acquiring an additional 369 shares during the last quarter. Finally, Fifth Third Bancorp grew its position 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 acquiring an additional 555 shares during the last quarter. Institutional investors own 92.92% of the company's stock.

ExlService Trading Down 1.7%

Shares of EXLS stock traded down $0.74 during mid-day trading on Friday, reaching $43.40. 290,529 shares of the stock traded hands, compared to its average volume of 1,595,881. The stock's fifty day simple moving average is $43.26 and its two-hundred day simple moving average is $45.03. ExlService Holdings, Inc. has a 1-year low of $35.76 and a 1-year high of $52.43. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 30.13, a price-to-earnings-growth ratio of 1.89 and a beta of 0.84. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 0.24.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The business services provider reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. ExlService had a return on equity of 25.38% and a net margin of 12.00%.The firm had revenue of $514.46 million for the quarter, compared to analyst estimates of $504.87 million. During the same period last year, the firm posted $0.40 earnings per share. The business'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, research analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on EXLS shares. Needham & Company LLC reiterated a "buy" rating and issued a $55.00 target price on shares of ExlService in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. decreased their target price on ExlService from $56.00 to $52.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Five investment 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 stock 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.