Lord Abbett & CO. LLC Makes New $26.53 Million Investment in ExlService Holdings, Inc. $EXLS

Key Points

• Lord Abbett & CO. LLC acquired a new stake in ExlService Holdings, purchasing 562,011 shares valued at approximately $26.5 million, representing about 0.35% of the company.
• ExlService reported earnings per share of $0.49 for the last quarter, exceeding analyst expectations of $0.45, and demonstrated a 14.7% year-over-year revenue growth.
• Research analysts have shown a favorable outlook, with multiple firms setting price targets for ExlService, the average being $51.50, and a majority rating it as a "Moderate Buy."

Lord Abbett & CO. LLC bought a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 562,011 shares of the business services provider's stock, valued at approximately $26,532,000. Lord Abbett & CO. LLC owned approximately 0.35% of ExlService at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of EXLS. Allspring Global Investments Holdings LLC increased its position in ExlService by 48.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 147,081 shares of the business services provider's stock valued at $7,028,000 after acquiring an additional 48,056 shares during the period. QRG Capital Management Inc. grew its stake in ExlService by 3.7% in the first quarter. QRG Capital Management Inc. now owns 15,713 shares of the business services provider's stock valued at $742,000 after purchasing an additional 559 shares in the last quarter. KBC Group NV lifted its position in shares of ExlService by 13.4% in the first quarter. KBC Group NV now owns 7,466 shares of the business services provider's stock worth $352,000 after buying an additional 883 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of ExlService by 1.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,112 shares of the business services provider's stock worth $713,000 after purchasing an additional 286 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of ExlService by 20.6% during the 1st quarter. GAMMA Investing LLC now owns 3,510 shares of the business services provider's stock worth $166,000 after purchasing an additional 599 shares during the last quarter. Institutional investors own 92.92% of the company's stock.

Analyst Upgrades and Downgrades

EXLS has been the topic of several analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $55.00 price objective on shares of ExlService in a research note on Tuesday, June 3rd. Wall Street Zen upgraded ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. lowered 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. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, ExlService presently has an average rating of "Moderate Buy" and an average target price of $51.33.

ExlService Stock Up 0.6%

Shares of EXLS traded up $0.24 during trading hours on Thursday, reaching $43.53. The company's stock had a trading volume of 149,980 shares, compared to its average volume of 1,630,559. The firm has a market cap of $7.03 billion, a price-to-earnings ratio of 30.28, a P/E/G ratio of 1.91 and a beta of 0.81. The company has a 50 day moving average of $43.70 and a two-hundred day moving average of $45.80. ExlService Holdings, Inc. has a 1-year low of $35.16 and a 1-year high of $52.43. 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 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 during the quarter, compared to analysts' expectations of $504.87 million. ExlService had a return on equity of 25.38% and a net margin of 12.00%.The company's revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 earnings per share. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. As a group, research analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

About ExlService

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.