ExlService Holdings, Inc. $EXLS Shares Acquired by AlphaQuest LLC

AlphaQuest LLC raised its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 5.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,266 shares of the business services provider’s stock after acquiring an additional 1,628 shares during the period. AlphaQuest LLC’s holdings in ExlService were worth $1,429,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position in shares of ExlService by 48.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 147,081 shares of the business services provider’s stock valued at $7,028,000 after acquiring an additional 48,056 shares during the last quarter. QRG Capital Management Inc. boosted its stake in shares of ExlService by 3.7% in the first quarter. QRG Capital Management Inc. now owns 15,713 shares of the business services provider’s stock valued at $742,000 after purchasing an additional 559 shares during the period. KBC Group NV boosted its stake in shares of ExlService by 13.4% in the first quarter. KBC Group NV now owns 7,466 shares of the business services provider’s stock valued at $352,000 after purchasing an additional 883 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of ExlService by 1.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,112 shares of the business services provider’s stock valued at $713,000 after purchasing an additional 286 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of ExlService by 20.6% in the first quarter. GAMMA Investing LLC now owns 3,510 shares of the business services provider’s stock valued at $166,000 after purchasing an additional 599 shares during the period. 92.92% of the stock is currently owned by institutional investors and hedge funds.

ExlService Stock Up 0.9%

Shares of ExlService stock opened at $44.05 on Friday. ExlService Holdings, Inc. has a 52-week low of $35.16 and a 52-week high of $52.43. The company has a 50 day moving average of $43.55 and a 200 day moving average of $45.70. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $7.11 billion, a P/E ratio of 30.59, a P/E/G ratio of 1.93 and a beta of 0.81.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share (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 company had revenue of $514.46 million during the quarter, compared to the consensus estimate of $504.87 million. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The firm’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. As a group, research analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.