ExlService Holdings, Inc. $EXLS Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lowered its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 335,282 shares of the business services provider’s stock after selling 3,276 shares during the quarter. Alliancebernstein L.P. owned approximately 0.21% of ExlService worth $15,829,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Whittier Trust Co. acquired a new position in shares of ExlService in the 1st quarter valued at $45,000. Strategic Investment Solutions Inc. IL purchased a new position in ExlService during the 1st quarter worth $77,000. Morse Asset Management Inc grew its position in ExlService by 51.8% during the 1st quarter. Morse Asset Management Inc now owns 1,685 shares of the business services provider’s stock worth $80,000 after purchasing an additional 575 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake 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 valued at $85,000 after purchasing an additional 369 shares during the period. Finally, Fifth Third Bancorp raised its holdings in shares of ExlService by 35.2% in 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 last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and set a $55.00 target price on shares of ExlService in a research note on Tuesday, June 3rd. JPMorgan Chase & Co. reduced their price objective on ExlService from $56.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $51.33.

ExlService Trading Up 3.3%

Shares of ExlService stock opened at $44.13 on Friday. The firm has a market cap of $7.13 billion, a price-to-earnings ratio of 30.65, a price-to-earnings-growth ratio of 1.89 and a beta of 0.84. ExlService Holdings, Inc. has a 52-week low of $35.72 and a 52-week high of $52.43. The company’s 50-day simple moving average is $43.26 and its 200-day simple moving average is $45.03. 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) last announced its quarterly earnings data 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. The company 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%.The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.40 EPS. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. As a group, equities research analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current 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.