Livforsakringsbolaget Skandia Omsesidigt Raises Position in ExlService Holdings, Inc. $EXLS

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its holdings in ExlService Holdings, Inc. by 21.4% in Q2, owning 68,600 shares worth approximately $3 million.
• ExlService reported Q2 earnings of $0.49 per share, surpassing analysts' expectations of $0.45, with revenue growing 14.7% year-over-year.
• Following recent analyst reports, ExlService has a consensus rating of "Moderate Buy" with an average target price of $51.33.

Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 21.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 68,600 shares of the business services provider's stock after acquiring an additional 12,100 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in ExlService were worth $3,003,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Whittier Trust Co. bought a new stake in shares of ExlService in the 1st quarter valued at $45,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of ExlService in the 1st quarter valued at $77,000. Morse Asset Management Inc increased its position in shares of ExlService by 51.8% in the 1st quarter. Morse Asset Management Inc now owns 1,685 shares of the business services provider's stock valued at $80,000 after buying an additional 575 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of ExlService by 25.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider's stock valued at $85,000 after buying an additional 369 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of ExlService by 35.2% in the 1st quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider's stock valued at $101,000 after buying an additional 555 shares in the last quarter. Institutional investors own 92.92% of the company's stock.

ExlService Price Performance

Shares of NASDAQ EXLS traded down $0.40 during midday trading on Tuesday, reaching $43.18. 185,519 shares of the company were exchanged, compared to its average volume of 1,604,371. 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 Holdings, Inc. has a one year low of $36.62 and a one year high of $52.43. The stock has a market cap of $6.97 billion, a P/E ratio of 29.98, a PEG ratio of 1.98 and a beta of 0.85. The stock's 50-day moving average price is $43.05 and its 200-day moving average price is $44.75.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 company's revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.40 EPS. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. On average, sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Vikas Bhalla sold 8,000 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $43.76, for a total value of $350,080.00. Following the sale, the insider owned 127,046 shares in the company, valued at $5,559,532.96. This represents a 5.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.04% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

EXLS has been the subject of a number of research reports. Needham & Company LLC reiterated a "buy" rating and set a $55.00 target price on shares of ExlService in a report on Tuesday, June 3rd. JPMorgan Chase & Co. lowered their target price on ExlService from $56.00 to $52.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, ExlService currently has an average rating of "Moderate Buy" and an average price target 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.