Strs Ohio Invests $1.81 Million in ExlService Holdings, Inc. $EXLS

Strs Ohio acquired a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 38,400 shares of the business services provider’s stock, valued at approximately $1,813,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Intech Investment Management LLC lifted its stake in ExlService by 25.7% in the 1st quarter. Intech Investment Management LLC now owns 76,785 shares of the business services provider’s stock valued at $3,625,000 after purchasing an additional 15,678 shares during the last quarter. Jane Street Group LLC bought a new position in ExlService in the 1st quarter valued at approximately $10,084,000. Bayforest Capital Ltd lifted its stake in ExlService by 227.9% in the 1st quarter. Bayforest Capital Ltd now owns 5,197 shares of the business services provider’s stock valued at $245,000 after purchasing an additional 3,612 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in ExlService by 4.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 497,474 shares of the business services provider’s stock valued at $23,486,000 after acquiring an additional 19,769 shares during the period. Finally, Empowered Funds LLC increased its position in ExlService by 277.7% in the 1st quarter. Empowered Funds LLC now owns 17,384 shares of the business services provider’s stock valued at $821,000 after acquiring an additional 12,781 shares during the period. Institutional investors own 92.92% of the company’s stock.

Insider Buying and Selling at ExlService

In other ExlService news, insider Vikas Bhalla sold 8,000 shares of the firm’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $43.76, for a total value of $350,080.00. Following the transaction, the insider directly owned 127,046 shares of the company’s stock, valued at approximately $5,559,532.96. This trade represents a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.04% of the company’s stock.

Wall Street Analysts Forecast Growth

EXLS has been the subject of several recent research reports. JPMorgan Chase & Co. decreased 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 issued a $55.00 price target on shares of ExlService in a research report on Tuesday, June 3rd. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $51.33.

ExlService Trading Down 1.5%

NASDAQ:EXLS opened at $42.33 on Wednesday. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $6.84 billion, a price-to-earnings ratio of 29.40, a PEG ratio of 1.90 and a beta of 0.84. The firm has a fifty day simple moving average of $43.13 and a two-hundred day simple moving average of $44.89. ExlService Holdings, Inc. has a 12 month low of $35.76 and a 12 month high of $52.43.

ExlService (NASDAQ:EXLS) last posted 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. 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 earnings per share. The business’s quarterly revenue was up 14.7% on a year-over-year basis. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. Analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal 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.