Public Employees Retirement System of Ohio Raises Stake in ExlService Holdings, Inc. $EXLS

Key Points

• The Public Employees Retirement System of Ohio significantly increased its stake in ExlService Holdings, Inc. by 1,000.9%, now owning 53,956 shares valued at $2,363,000.
• Several large investors, including JPMorgan Chase and Invesco Ltd., have also enhanced their positions, with institutional ownership now at 92.92% of the company's stock.
• ExlService reported a strong quarterly performance with revenue of $514.46 million, outperforming estimates and increasing 14.7% year-over-year.

Public Employees Retirement System of Ohio raised its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 1,000.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,956 shares of the business services provider's stock after purchasing an additional 49,055 shares during the quarter. Public Employees Retirement System of Ohio's holdings in ExlService were worth $2,363,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in EXLS. JPMorgan Chase & Co. lifted its holdings in ExlService by 40.8% during the first quarter. JPMorgan Chase & Co. now owns 6,704,937 shares of the business services provider's stock valued at $316,540,000 after purchasing an additional 1,943,471 shares in the last quarter. Nuveen LLC purchased a new position in ExlService during the first quarter valued at approximately $91,114,000. Driehaus Capital Management LLC purchased a new position in ExlService during the first quarter valued at approximately $57,681,000. Invesco Ltd. lifted its holdings in ExlService by 125.5% during the first quarter. Invesco Ltd. now owns 1,582,235 shares of the business services provider's stock valued at $74,697,000 after purchasing an additional 880,612 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in ExlService by 1,632.6% during the first quarter. Millennium Management LLC now owns 771,653 shares of the business services provider's stock valued at $36,430,000 after purchasing an additional 727,117 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company's stock.

Insider Buying and Selling at ExlService

In other news, insider Vikas Bhalla sold 8,000 shares of the business'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 directly owned 127,046 shares in the company, valued at $5,559,532.96. The trade was a 5.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.04% of the stock is currently owned by company insiders.

ExlService Trading Down 0.6%

ExlService stock opened at $43.44 on Friday. The firm's 50 day moving average price is $43.23 and its 200-day moving average price is $44.64. ExlService Holdings, Inc. has a 1 year low of $38.26 and a 1 year high of $52.43. The stock has a market cap of $7.02 billion, a P/E ratio of 30.17, a PEG ratio of 2.00 and a beta of 0.86. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.15 and a quick ratio of 3.15.

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

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their price objective 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 investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, ExlService presently has an average rating of "Moderate Buy" and a consensus target price of $51.33.

ExlService 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.

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