Royal Bank of Canada Lowers Stock Position in ExlService Holdings, Inc. $EXLS

Key Points

• Royal Bank of Canada reduced its stake in ExlService Holdings by 7.9%, selling 103,458 shares and holding approximately 1.2 million shares worth $56.6 million.
• ExlService reported earnings of $0.49 per share, exceeding analysts' expectations, and recorded revenue of $514.46 million for the quarter, marking a 14.7% increase year-over-year.
• Analysts have generally issued positive ratings for ExlService, with a consensus average price target of $51.33 and several upgrades to "buy" ratings in recent reports.

Royal Bank of Canada reduced its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 7.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,199,856 shares of the business services provider's stock after selling 103,458 shares during the quarter. Royal Bank of Canada owned 0.74% of ExlService worth $56,645,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Whittier Trust Co. purchased a new stake in shares of ExlService during the first quarter valued at approximately $45,000. Morse Asset Management Inc purchased a new position in ExlService in the 4th quarter worth approximately $49,000. Strategic Investment Solutions Inc. IL bought a new position in ExlService in the 1st quarter valued at approximately $77,000. Caitong International Asset Management Co. Ltd boosted its stake in ExlService by 25.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider's stock valued at $85,000 after purchasing an additional 369 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of ExlService in the 4th quarter worth $99,000. 92.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EXLS. JPMorgan Chase & Co. lowered their price target on ExlService from $56.00 to $52.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. Needham & Company LLC reiterated a "buy" rating and issued a $55.00 price target on shares of ExlService in a research note on Tuesday, June 3rd. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $51.33.

ExlService Stock Performance

Shares of ExlService stock traded down $1.41 during trading hours on Wednesday, reaching $42.71. 1,387,240 shares of the stock traded hands, compared to its average volume of 1,209,471. ExlService Holdings, Inc. has a one year low of $35.52 and a one year high of $52.43. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of 29.66, a P/E/G ratio of 1.95 and a beta of 0.84. 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 50 day moving average price of $43.29 and a 200 day moving average price of $45.06.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $0.49 earnings per share 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 analysts' expectations of $504.87 million. ExlService had a net margin of 12.00% and a return on equity of 25.38%. The business's quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 EPS. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. On average, equities research analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

ExlService Company 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.