Vanguard Personalized Indexing Management LLC Raises Stock Position in ExlService Holdings, Inc. $EXLS

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in ExlService Holdings, Inc. by 66.7%, owning a total of 22,954 shares valued at approximately $1,005,000 as of the end of the 2nd quarter.
• ExlService reported Q2 earnings of $0.49 per share, exceeding expectations of $0.45, with a year-over-year revenue growth of 14.7%, reaching $514.46 million.
• Five analysts rated ExlService with a Buy rating, and the stock has a consensus price target of $52.40, down from a previously set target of $56.00.

Vanguard Personalized Indexing Management LLC raised its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 66.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,954 shares of the business services provider's stock after purchasing an additional 9,183 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in ExlService were worth $1,005,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of EXLS. JPMorgan Chase & Co. lifted its holdings in shares of ExlService by 40.8% in the 1st quarter. JPMorgan Chase & Co. now owns 6,704,937 shares of the business services provider's stock valued at $316,540,000 after buying an additional 1,943,471 shares during the period. Geneva Capital Management LLC lifted its holdings in ExlService by 0.4% in the first quarter. Geneva Capital Management LLC now owns 4,655,565 shares of the business services provider's stock valued at $219,789,000 after acquiring an additional 18,647 shares during the period. Nuveen LLC purchased a new stake in ExlService in the 1st quarter worth approximately $91,114,000. Price T Rowe Associates Inc. MD grew its stake in shares of ExlService by 0.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,741,156 shares of the business services provider's stock worth $82,201,000 after purchasing an additional 9,020 shares during the period. Finally, Invesco Ltd. grew its stake in shares of ExlService by 125.5% during the 1st quarter. Invesco Ltd. now owns 1,582,235 shares of the business services provider's stock worth $74,697,000 after purchasing an additional 880,612 shares during the period. Hedge funds and other institutional investors own 92.92% of the company's stock.

ExlService Stock Up 1.7%

Shares of NASDAQ EXLS opened at $40.34 on Monday. The company's 50-day simple moving average is $43.00 and its 200-day simple moving average is $44.18. ExlService Holdings, Inc. has a 52-week low of $38.36 and a 52-week high of $52.43. The firm has a market cap of $6.52 billion, a price-to-earnings ratio of 28.01, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86. 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 released its quarterly earnings results 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. ExlService had a net margin of 12.00% and a return on equity of 25.38%. The firm had revenue of $514.46 million during the quarter, compared to the consensus estimate of $504.87 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The company'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. Equities analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on EXLS shares. Weiss Ratings reissued a "buy (b-)" rating on shares of ExlService in a report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their target price on ExlService from $56.00 to $52.00 and set an "overweight" rating on the stock in a research report 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 stock. Based on data from MarketBeat.com, ExlService currently has an average rating of "Moderate Buy" and a consensus price target of $52.40.

Insider Activity

In other news, insider Vikas Bhalla sold 8,000 shares of ExlService stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $43.76, for a total value of $350,080.00. Following the sale, the insider directly owned 127,046 shares of the company's stock, valued at $5,559,532.96. The trade was a 5.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.04% of the stock is owned by corporate insiders.

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.

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