American Century Companies Inc. Lowers Stock Position in ExlService Holdings, Inc. $EXLS

American Century Companies Inc. cut its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 32.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 411,563 shares of the business services provider’s stock after selling 198,053 shares during the period. American Century Companies Inc. owned 0.25% of ExlService worth $19,430,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Whittier Trust Co. purchased a new position in shares of ExlService in the 1st quarter valued at approximately $45,000. Morse Asset Management Inc purchased a new position in shares of ExlService in the 4th quarter valued at approximately $49,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of ExlService in the 1st quarter valued at approximately $77,000. Johnson Financial Group Inc. purchased a new position in shares of ExlService in the 4th quarter valued at approximately $85,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of ExlService by 25.7% in 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 last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EXLS has been the subject of a number of analyst reports. Wall Street Zen raised ExlService from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. JPMorgan Chase & Co. cut their target price on ExlService from $56.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Needham & Company LLC reissued a “buy” rating and set a $55.00 target price on shares of ExlService in a research note on Tuesday, June 3rd. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $51.33.

ExlService Price Performance

Shares of NASDAQ:EXLS opened at $44.05 on Friday. The business’s 50 day simple moving average is $43.55 and its 200-day simple moving average is $45.66. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of 30.59, a price-to-earnings-growth ratio of 1.95 and a beta of 0.81. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.15 and a quick ratio of 3.15. ExlService Holdings, Inc. has a 12 month low of $35.16 and a 12 month high of $52.43.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $0.49 earnings per share for the quarter, topping 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 analysts’ expectations of $504.87 million. During the same period last year, the company posted $0.40 EPS. The company’s revenue 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 analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal 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.