Northern Trust Corp Sells 28,961 Shares of ExlService Holdings, Inc. $EXLS

Key Points

• Northern Trust Corp reduced its holdings in ExlService Holdings, Inc. by 1.3%, owning 2,149,712 shares valued at approximately $101.5 million after selling 28,961 shares in Q1.
• ExlService received mixed analyst ratings, with JPMorgan Chase & Co. lowering its price target from $56.00 to $52.00, while Needham & Company maintained a "buy" rating with a $55.00 target.
• The company's stock showed a 14.7% year-over-year revenue increase and reported $0.49 earnings per share for its last quarter, surpassing estimates of $0.45.

Northern Trust Corp lowered its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 1.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,149,712 shares of the business services provider's stock after selling 28,961 shares during the period. Northern Trust Corp owned approximately 1.32% of ExlService worth $101,488,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in shares of ExlService by 48.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 147,081 shares of the business services provider's stock worth $7,028,000 after purchasing an additional 48,056 shares during the period. QRG Capital Management Inc. increased its position in shares of ExlService by 3.7% in the first quarter. QRG Capital Management Inc. now owns 15,713 shares of the business services provider's stock worth $742,000 after purchasing an additional 559 shares during the period. KBC Group NV increased 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 purchasing an additional 883 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of ExlService by 1.9% in the first 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 period. Finally, GAMMA Investing LLC increased its position in shares of ExlService by 20.6% in the first 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 period. Institutional investors own 92.92% of the company's stock.

Analyst Upgrades and Downgrades

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

ExlService Trading Up 0.4%

Shares of ExlService stock traded up $0.19 during midday trading on Friday, reaching $43.78. The company had a trading volume of 1,028,507 shares, compared to its average volume of 1,338,740. The stock has a fifty day moving average price of $43.32 and a 200 day moving average price of $45.44. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.15 and a quick ratio of 3.15. The firm has a market cap of $7.07 billion, a PE ratio of 30.40, a P/E/G ratio of 1.92 and a beta of 0.81. ExlService Holdings, Inc. has a fifty-two week low of $35.16 and a fifty-two week high of $52.43.

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