Strs Ohio Invests $1.81 Million in ExlService Holdings, Inc. $EXLS

Key Points

• Strs Ohio has made a significant investment in ExlService Holdings, Inc., acquiring 38,400 shares valued at approximately $1.81 million in the first quarter.
• Several institutional investors increased their stakes in ExlService, with Empowered Funds LLC raising its position by 277.7% to 17,384 shares valued at $821,000.
• The company's recent earnings report showed a net margin of 12.00% and revenue of $514.46 million, surpassing analyst expectations for the quarter.

Strs Ohio bought a new position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 38,400 shares of the business services provider's stock, valued at approximately $1,813,000.

A number of other large investors also recently modified their holdings of EXLS. Intech Investment Management LLC raised its stake in shares of ExlService by 25.7% in the first quarter. Intech Investment Management LLC now owns 76,785 shares of the business services provider's stock worth $3,625,000 after purchasing an additional 15,678 shares during the last quarter. Jane Street Group LLC acquired a new position in ExlService during the first quarter worth $10,084,000. Bayforest Capital Ltd raised its stake in ExlService by 227.9% in the first quarter. Bayforest Capital Ltd now owns 5,197 shares of the business services provider's stock valued at $245,000 after buying an additional 3,612 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in ExlService by 4.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 497,474 shares of the business services provider's stock valued at $23,486,000 after purchasing an additional 19,769 shares during the period. Finally, Empowered Funds LLC raised its position in shares of ExlService by 277.7% during the 1st quarter. Empowered Funds LLC now owns 17,384 shares of the business services provider's stock worth $821,000 after purchasing an additional 12,781 shares during the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at ExlService

In related news, insider Vikas Bhalla sold 8,000 shares of ExlService stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $43.76, for a total value of $350,080.00. Following the completion of the transaction, the insider directly owned 127,046 shares in the company, valued at approximately $5,559,532.96. This trade represents a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.04% of the company's stock.

ExlService Stock Up 2.3%

Shares of EXLS traded up $0.99 during trading hours on Friday, hitting $43.37. The company had a trading volume of 4,226,966 shares, compared to its average volume of 1,205,010. The company's fifty day moving average price is $43.04 and its two-hundred day moving average price is $44.81. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $7.00 billion, a PE ratio of 30.12, a price-to-earnings-growth ratio of 1.93 and a beta of 0.84. ExlService Holdings, Inc. has a one year low of $36.22 and a one year high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last released its earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.04. The business 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 business's quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 earnings per share. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. As a group, equities analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $55.00 price objective on shares of ExlService in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. dropped their target price on shares of ExlService from $56.00 to $52.00 and set an "overweight" rating for the company in a research note 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 company. According to MarketBeat, ExlService currently has a consensus rating of "Moderate Buy" and an average price target 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.