ExlService Holdings, Inc. $EXLS Shares Bought by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. increased its stake in ExlService Holdings, owning approximately 1.07% of the company, worth $82.2 million, after acquiring an additional 9,020 shares.
• ExlService received several analyst ratings updates, with five analysts recommending a "Buy" rating and one a "Hold," reflecting a consensus rating of "Moderate Buy" and a target price of $51.33.
• In its latest earnings report, ExlService reported a quarterly EPS of $0.49, exceeding analyst expectations, along with a 14.7% year-over-year revenue increase to $514.46 million.

Price T Rowe Associates Inc. MD boosted its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,741,156 shares of the business services provider's stock after purchasing an additional 9,020 shares during the quarter. Price T Rowe Associates Inc. MD owned about 1.07% of ExlService worth $82,201,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of EXLS. First Trust Advisors LP lifted its position in ExlService by 49.8% in the 4th quarter. First Trust Advisors LP now owns 173,239 shares of the business services provider's stock valued at $7,688,000 after purchasing an additional 57,575 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in ExlService by 38.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 12,141 shares of the business services provider's stock valued at $539,000 after purchasing an additional 3,357 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in ExlService in the 4th quarter valued at about $493,000. Nebula Research & Development LLC bought a new stake in ExlService in the 4th quarter valued at about $607,000. Finally, Two Sigma Securities LLC bought a new stake in ExlService in the 4th quarter valued at about $211,000. 92.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Wall Street Zen upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Needham & Company LLC restated a "buy" rating and set a $55.00 price target on shares of ExlService in a research report on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. dropped their price target 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. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $51.33.

ExlService Price Performance

Shares of EXLS stock traded up $0.19 during midday trading on Friday, reaching $43.78. 1,028,507 shares of the company were exchanged, compared to its average volume of 1,297,355. ExlService Holdings, Inc. has a 12 month low of $35.16 and a 12 month high of $52.43. The company has a market cap of $7.07 billion, a P/E ratio of 30.40, a PEG ratio of 1.93 and a beta of 0.85. The company's 50 day moving average price is $43.32 and its two-hundred day moving average price is $45.36. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.15 and a current ratio of 3.15.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings results 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 the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 EPS. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. On average, sell-side analysts expect 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.