Raymond James Financial Inc. Decreases Stock Position in ExlService Holdings, Inc. $EXLS

Key Points

• Raymond James Financial Inc. reduced its stake in ExlService Holdings, Inc. by 9.7% during Q1, now holding approximately 1,074,998 shares valued at about $50.75 million.
• ExlService reported a quarterly earnings beat with an EPS of $0.49, surpassing expectations of $0.45, and its revenue rose by 14.7% year-over-year to $514.46 million.
• Analysts have given ExlService a Moderate Buy consensus rating with a target price of $51.33, highlighting five "Buy" ratings and one "Hold" rating among recent assessments.

Raymond James Financial Inc. decreased its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 9.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,074,998 shares of the business services provider's stock after selling 115,887 shares during the period. Raymond James Financial Inc. owned approximately 0.66% of ExlService worth $50,751,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Balboa Wealth Partners boosted its stake in ExlService by 5.0% during the first quarter. Balboa Wealth Partners now owns 5,140 shares of the business services provider's stock valued at $243,000 after buying an additional 244 shares during the period. Xponance Inc. boosted its stake in ExlService by 1.2% during the first quarter. Xponance Inc. now owns 23,630 shares of the business services provider's stock valued at $1,116,000 after buying an additional 270 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in ExlService by 1.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,112 shares of the business services provider's stock valued at $713,000 after buying an additional 286 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in ExlService by 25.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider's stock valued at $85,000 after buying an additional 369 shares during the period. Finally, State of Michigan Retirement System boosted its stake in ExlService by 1.0% during the first quarter. State of Michigan Retirement System now owns 38,500 shares of the business services provider's stock valued at $1,818,000 after buying an additional 400 shares during the period. Institutional investors own 92.92% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wall Street Zen raised ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. dropped their price target on ExlService from $56.00 to $52.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $55.00 price target on shares of ExlService in a research note on Tuesday, June 3rd. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, ExlService presently has a consensus rating of "Moderate Buy" and a consensus price target of $51.33.

ExlService Trading Up 1.1%

Shares of EXLS traded up $0.49 during trading hours on Wednesday, hitting $44.07. The company had a trading volume of 819,004 shares, compared to its average volume of 1,669,742. The firm has a market cap of $7.12 billion, a P/E ratio of 30.60, a P/E/G ratio of 1.92 and a beta of 0.81. The stock's 50 day moving average price is $43.35 and its 200 day moving average price is $45.54. 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 Holdings, Inc. has a 52-week low of $35.16 and a 52-week high of $52.43.

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, topping the consensus estimate of $0.45 by $0.04. The firm had revenue of $514.46 million for the quarter, compared to the consensus estimate of $504.87 million. ExlService had a return on equity of 25.38% and a net margin of 12.00%.The company's quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 earnings per share. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. On average, research analysts predict that ExlService Holdings, Inc. will post 1.27 EPS 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.