Magnetar Financial LLC Purchases New Position in ExlService Holdings, Inc. $EXLS

Key Points

• Magnetar Financial LLC has invested approximately $388,000 in ExlService Holdings by purchasing 8,213 shares during the first quarter, as disclosed in their SEC filing.
• ExlService's stock is viewed positively by analysts, with an average rating of "Moderate Buy" and a price target of $51.33.
• In its latest earnings report, ExlService reported a net revenue of $514.46 million for the quarter, surpassing analysts' expectations and reflecting a 14.7% year-over-year increase.

Magnetar Financial LLC acquired a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,213 shares of the business services provider's stock, valued at approximately $388,000.

Several other institutional investors and hedge funds have also recently modified their holdings of EXLS. JPMorgan Chase & Co. lifted its stake in ExlService by 40.8% during the 1st quarter. JPMorgan Chase & Co. now owns 6,704,937 shares of the business services provider's stock worth $316,540,000 after acquiring an additional 1,943,471 shares in the last quarter. Geneva Capital Management LLC increased its stake in ExlService by 0.4% during the first quarter. Geneva Capital Management LLC now owns 4,655,565 shares of the business services provider's stock worth $219,789,000 after purchasing an additional 18,647 shares during the period. Handelsbanken Fonder AB lifted its position in shares of ExlService by 25.2% during the first quarter. Handelsbanken Fonder AB now owns 2,746,690 shares of the business services provider's stock worth $129,671,000 after purchasing an additional 552,000 shares in the last quarter. Northern Trust Corp boosted its stake in shares of ExlService by 13.1% in the fourth quarter. Northern Trust Corp now owns 2,178,673 shares of the business services provider's stock valued at $96,690,000 after purchasing an additional 252,669 shares during the period. Finally, Nuveen LLC purchased a new position in shares of ExlService in the first quarter valued at approximately $91,114,000. Hedge funds and other institutional investors own 92.92% of the company's stock.

Analyst Ratings Changes

EXLS has been the topic of several recent research reports. JPMorgan Chase & Co. cut their target price on shares of ExlService from $56.00 to $52.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. Needham & Company LLC restated a "buy" rating and issued a $55.00 price target on shares of ExlService in a research note on Tuesday, June 3rd. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $51.33.

ExlService Stock Up 1.9%

NASDAQ EXLS traded up $0.85 on Friday, hitting $44.98. 1,708,509 shares of the stock were exchanged, compared to its average volume of 1,183,927. ExlService Holdings, Inc. has a fifty-two week low of $35.16 and a fifty-two week high of $52.43. The company has a 50-day moving average price of $43.33 and a 200-day moving average price of $45.11. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 0.24. The company has a market cap of $7.26 billion, a PE ratio of 31.24, a PEG ratio of 1.99 and a beta of 0.85.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. The business had revenue of $514.46 million during 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%. The company's revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 EPS. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. Sell-side analysts anticipate 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.