Wellington Management Group LLP Sells 53,092 Shares of ExlService Holdings, Inc. $EXLS

Key Points

• Wellington Management Group LLP reduced its stake in ExlService Holdings, Inc. by 2.6%, owning approximately 1.23% of the company worth $94.28 million following the sale of 53,092 shares.
• ExlService experienced a year-over-year revenue growth of 14.7% in its latest earnings report, with earnings per share exceeding analysts' expectations at $0.49.
• Equities analysts have mixed views on ExlService, with consensus ratings reflecting a "Moderate Buy" and a average price target of $51.33 per share.

Wellington Management Group LLP lessened its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,997,065 shares of the business services provider's stock after selling 53,092 shares during the quarter. Wellington Management Group LLP owned about 1.23% of ExlService worth $94,281,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in EXLS. Balboa Wealth Partners boosted its stake in ExlService by 5.0% during the 1st quarter. Balboa Wealth Partners now owns 5,140 shares of the business services provider's stock valued at $243,000 after purchasing an additional 244 shares during the period. Xponance Inc. boosted its stake in ExlService by 1.2% during the 1st quarter. Xponance Inc. now owns 23,630 shares of the business services provider's stock valued at $1,116,000 after purchasing an additional 270 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in ExlService by 1.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,112 shares of the business services provider's stock valued at $713,000 after purchasing an additional 286 shares during the period. 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 period. Finally, State of Michigan Retirement System raised its holdings in ExlService by 1.0% in the 1st quarter. State of Michigan Retirement System now owns 38,500 shares of the business services provider's stock valued at $1,818,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 92.92% of the company's stock.

Wall Street Analysts Forecast Growth

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

ExlService Price Performance

Shares of EXLS traded up $0.36 during mid-day trading on Wednesday, reaching $43.94. The company had a trading volume of 90,756 shares, compared to its average volume of 1,615,783. ExlService Holdings, Inc. has a twelve month low of $35.16 and a twelve month high of $52.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.15 and a quick ratio of 3.15. The company's 50-day moving average is $43.37 and its 200-day moving average is $45.55. The company has a market capitalization of $7.10 billion, a P/E ratio of 30.50, a P/E/G ratio of 1.94 and a beta of 0.81.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The business services provider reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. The business had revenue of $514.46 million for the quarter, compared to analyst estimates of $504.87 million. ExlService had a return on equity of 25.38% and a net margin of 12.00%.ExlService's revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.40 EPS. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. On average, equities analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current 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.