Trexquant Investment LP Invests $7.91 Million in ExlService Holdings, Inc. $EXLS

Key Points

• Trexquant Investment LP has acquired a new position in ExlService Holdings, purchasing 167,438 shares valued at approximately $7.9 million, representing 0.10% of the company.
• ExlService's most recent quarterly earnings showed EPS of $0.49, surpassing expectations of $0.45, with revenue of $514.46 million reflecting a 14.7% year-over-year growth.
• Analysts have set an average price target of $51.33 for ExlService, with a general rating of "Moderate Buy" based on reports from multiple investment analysts.

Trexquant Investment LP bought a new position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 167,438 shares of the business services provider's stock, valued at approximately $7,905,000. Trexquant Investment LP owned about 0.10% of ExlService at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Whittier Trust Co. bought a new stake in shares of ExlService in the first quarter worth about $45,000. Morse Asset Management Inc purchased a new stake in ExlService in the fourth quarter worth about $49,000. Strategic Investment Solutions Inc. IL purchased a new stake in ExlService in the first quarter worth about $77,000. Caitong International Asset Management Co. Ltd lifted its holdings in ExlService by 25.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider's stock worth $85,000 after buying an additional 369 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in ExlService by 35.2% in the first quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider's stock worth $101,000 after buying an additional 555 shares during the period. 92.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on EXLS shares. Needham & Company LLC reiterated a "buy" rating and set a $55.00 target price on shares of ExlService in a report on Tuesday, June 3rd. Wall Street Zen raised shares of ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. decreased their target price 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 analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $51.33.

ExlService Stock Performance

Shares of NASDAQ:EXLS traded up $0.28 on Thursday, hitting $43.90. 558,426 shares of the company were exchanged, compared to its average volume of 1,598,966. 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 stock's 50 day moving average price is $43.30 and its 200 day moving average price is $45.28. ExlService Holdings, Inc. has a 1-year low of $35.16 and a 1-year high of $52.43. The firm has a market capitalization of $7.09 billion, a P/E ratio of 30.49, a price-to-earnings-growth ratio of 1.93 and a beta of 0.84.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. The firm had revenue of $514.46 million during 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 firm's revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.40 earnings per share. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. Sell-side 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.