Twin Tree Management LP Takes $826,000 Position in ExlService Holdings, Inc. $EXLS

Key Points

• Twin Tree Management LP acquired a new position in ExlService Holdings, purchasing 17,491 shares valued at approximately $826,000 in the first quarter.
• ExlService reported a $0.49 EPS for the last quarter, exceeding expectations, with a noted 14.7% increase in revenue from the previous year.
• Analysts maintain a consensus rating of "Moderate Buy" for ExlService, with a target price of $51.33, while five have rated it a Buy.

Twin Tree Management LP purchased a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,491 shares of the business services provider's stock, valued at approximately $826,000.

Other institutional investors have also added to or reduced their stakes in the company. Whittier Trust Co. purchased a new stake in ExlService during the first quarter valued at about $45,000. Morse Asset Management Inc purchased a new stake in ExlService during the fourth quarter valued at about $49,000. Strategic Investment Solutions Inc. IL purchased a new stake in ExlService during the first quarter valued at about $77,000. Caitong International Asset Management Co. Ltd boosted its position 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, Fifth Third Bancorp boosted its position in ExlService by 35.2% during the first quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider's stock valued at $101,000 after buying an additional 555 shares during the period. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

ExlService Stock Up 1.2%

Shares of NASDAQ EXLS traded up $0.51 on Thursday, reaching $44.13. 1,235,575 shares of the company's stock traded hands, compared to its average volume of 1,603,348. ExlService Holdings, Inc. has a 12 month low of $35.16 and a 12 month high of $52.43. The business's 50 day simple moving average is $43.30 and its two-hundred day simple moving average is $45.28. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 30.65, a price-to-earnings-growth ratio of 1.93 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.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $504.87 million. During the same quarter last year, the firm earned $0.40 earnings per share. The business's revenue for the quarter was up 14.7% on a year-over-year basis. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. As a group, equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

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.