Arrowstreet Capital Limited Partnership Purchases 91,129 Shares of ExlService Holdings, Inc. $EXLS

Arrowstreet Capital Limited Partnership raised its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 35.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 345,113 shares of the business services provider’s stock after buying an additional 91,129 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.21% of ExlService worth $15,112,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EXLS. JPMorgan Chase & Co. increased its holdings in ExlService by 40.8% in the 1st quarter. JPMorgan Chase & Co. now owns 6,704,937 shares of the business services provider’s stock worth $316,540,000 after acquiring an additional 1,943,471 shares during the last quarter. Nuveen LLC bought a new position in ExlService during the first quarter worth about $91,114,000. Schroder Investment Management Group purchased a new position in shares of ExlService in the second quarter worth about $60,415,000. Driehaus Capital Management LLC purchased a new position in shares of ExlService in the first quarter worth about $57,681,000. Finally, Norges Bank bought a new stake in shares of ExlService in the second quarter valued at approximately $44,020,000. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of 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 upgraded ExlService from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings cut ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $54.50.

Insider Transactions at ExlService

In other news, insider Vikas Bhalla sold 11,774 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $39.99, for a total value of $470,842.26. Following the completion of the transaction, the insider directly owned 115,272 shares in the company, valued at approximately $4,609,727.28. This represents a 9.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.04% of the stock is currently owned by company insiders.

ExlService Trading Down 1.6%

Shares of ExlService stock opened at $40.06 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.91 and a quick ratio of 2.91. ExlService Holdings, Inc. has a 1 year low of $37.30 and a 1 year high of $52.43. The firm has a market cap of $6.36 billion, a PE ratio of 27.25, a PEG ratio of 1.90 and a beta of 0.91. The company has a 50 day simple moving average of $40.46 and a two-hundred day simple moving average of $42.83.

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