Cookson Peirce & Co. Inc. Purchases 2,269 Shares of ExlService Holdings, Inc. $EXLS

Cookson Peirce & Co. Inc. boosted its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 7.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,072 shares of the business services provider’s stock after buying an additional 2,269 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in ExlService were worth $1,404,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Whittier Trust Co. bought a new stake in ExlService during the 1st quarter valued at $45,000. Strategic Investment Solutions Inc. IL bought a new stake in ExlService during the 1st quarter valued at $77,000. Morse Asset Management Inc raised its holdings 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 valued at $80,000 after buying an additional 575 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in ExlService by 25.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider’s stock valued at $85,000 after buying an additional 369 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in ExlService during the 1st quarter valued at $102,000. 92.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EXLS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target 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. Weiss Ratings reissued a “buy (b-)” rating on shares of ExlService in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $52.40.

ExlService Stock Down 0.3%

Shares of ExlService stock opened at $41.28 on Thursday. 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 company’s fifty day simple moving average is $42.91 and its two-hundred day simple moving average is $44.12. The company has a market cap of $6.67 billion, a P/E ratio of 28.67, a PEG ratio of 1.90 and a beta of 0.86. ExlService Holdings, Inc. has a 12-month low of $38.36 and a 12-month high of $52.43.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The business had revenue of $514.46 million for the quarter, compared to the consensus estimate of $504.87 million. ExlService had a net margin of 12.00% and a return on equity of 25.38%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 EPS. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. Research analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Buying and Selling at ExlService

In other news, insider Vikas Bhalla sold 8,000 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $43.76, for a total value of $350,080.00. Following the sale, the insider directly owned 127,046 shares of the company’s stock, valued at $5,559,532.96. This represents a 5.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.04% of the stock is owned by corporate insiders.

About ExlService

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.