12,717 Shares in ExlService Holdings, Inc. $EXLS Acquired by AXQ Capital LP

AXQ Capital LP acquired a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,717 shares of the business services provider’s stock, valued at approximately $557,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXLS. JPMorgan Chase & Co. increased its stake 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 purchasing an additional 1,943,471 shares during the last quarter. Geneva Capital Management LLC lifted its position in shares of ExlService by 7.7% during the 2nd quarter. Geneva Capital Management LLC now owns 5,013,398 shares of the business services provider’s stock worth $219,537,000 after buying an additional 357,833 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in ExlService by 30.5% in the second quarter. Handelsbanken Fonder AB now owns 3,583,322 shares of the business services provider’s stock valued at $156,914,000 after buying an additional 836,632 shares in the last quarter. Boston Trust Walden Corp grew its position in ExlService by 1.7% in the second quarter. Boston Trust Walden Corp now owns 2,746,208 shares of the business services provider’s stock valued at $120,256,000 after acquiring an additional 47,162 shares during the last quarter. Finally, Nuveen LLC acquired a new position in ExlService during the first quarter worth about $91,114,000. 92.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on EXLS. Weiss Ratings downgraded shares of ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Wall Street Zen downgraded shares of ExlService from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. decreased their target price on shares of ExlService from $56.00 to $52.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $54.50.

ExlService Trading Up 1.8%

NASDAQ:EXLS opened at $39.39 on Friday. The firm’s fifty day moving average is $41.16 and its 200-day moving average is $43.32. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.15 and a current ratio of 2.91. ExlService Holdings, Inc. has a 52 week low of $37.30 and a 52 week high of $52.43. The firm has a market cap of $6.25 billion, a P/E ratio of 26.80, a P/E/G ratio of 1.77 and a beta of 0.90.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, October 28th. The business services provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $529.59 million during the quarter, compared to the consensus estimate of $522.35 million. ExlService had a net margin of 11.91% and a return on equity of 25.60%. ExlService’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 earnings per share. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. Equities analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Activity

In other news, insider Vikas Bhalla sold 8,000 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was 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 $5,559,532.96. The trade was a 5.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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.