Jane Street Group LLC Makes New $10.08 Million Investment in ExlService Holdings, Inc. $EXLS

Key Points

• Jane Street Group LLC invested approximately $10.08 million in ExlService Holdings, acquiring 213,591 shares, representing about 0.13% of the company as of its latest filing.
• Analysts have given ExlService a mixed outlook, with a consensus rating of "Moderate Buy" and a target price averaging $51.33, although JPMorgan Chase recently reduced its target from $56.00 to $52.00.
• ExlService reported a quarterly earnings per share (EPS) of $0.49, exceeding analysts' expectations and marking a 14.7% increase in revenue year-over-year.

Jane Street Group LLC acquired a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 213,591 shares of the business services provider's stock, valued at approximately $10,084,000. Jane Street Group LLC owned 0.13% of ExlService at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Northern Trust Corp grew its holdings in shares of ExlService by 13.1% in the 4th quarter. Northern Trust Corp now owns 2,178,673 shares of the business services provider's stock worth $96,690,000 after acquiring an additional 252,669 shares during the period. AQR Capital Management LLC grew its stake in ExlService by 37.8% in the 4th quarter. AQR Capital Management LLC now owns 229,136 shares of the business services provider's stock valued at $10,155,000 after acquiring an additional 62,809 shares during the last quarter. AXA S.A. grew its stake in ExlService by 1.3% in the 4th quarter. AXA S.A. now owns 186,579 shares of the business services provider's stock valued at $8,280,000 after acquiring an additional 2,458 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of ExlService by 17.4% in the fourth quarter. Ameriprise Financial Inc. now owns 390,158 shares of the business services provider's stock valued at $17,315,000 after purchasing an additional 57,706 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of ExlService by 13.1% in the fourth quarter. Bank of America Corp DE now owns 1,084,413 shares of the business services provider's stock valued at $48,126,000 after purchasing an additional 125,755 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on EXLS shares. Wall Street Zen raised ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. decreased their target price on shares of ExlService from $56.00 to $52.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Finally, Needham & Company LLC restated a "buy" rating and set a $55.00 target price on shares of ExlService in a research report on Tuesday, June 3rd. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $51.33.

ExlService Trading Up 1.2%

EXLS stock traded up $0.51 during midday trading on Thursday, reaching $44.13. 1,235,575 shares of the company's stock traded hands, compared to its average volume of 1,603,348. The company has a market capitalization of $7.13 billion, a P/E ratio of 30.65, a PEG ratio of 1.93 and a beta of 0.84. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.15 and a quick ratio of 3.15. ExlService Holdings, Inc. has a fifty-two week low of $35.16 and a fifty-two week high of $52.43. The business has a 50-day moving average price of $43.30 and a two-hundred day moving average price of $45.28.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. The firm had revenue of $514.46 million for the quarter, compared to analysts' expectations of $504.87 million. ExlService had a net margin of 12.00% and a return on equity of 25.38%. ExlService's revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 earnings per share. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. Equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

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.