111 Capital Acquires New Shares in ExlService Holdings, Inc. $EXLS

111 Capital acquired a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 25,162 shares of the business services provider’s stock, valued at approximately $1,102,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EXLS. Wealth Enhancement Advisory Services LLC increased its holdings in shares of ExlService by 11.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,826 shares of the business services provider’s stock valued at $658,000 after purchasing an additional 1,481 shares during the period. GAMMA Investing LLC increased its holdings in shares of ExlService by 5,592.4% during the first quarter. GAMMA Investing LLC now owns 165,707 shares of the business services provider’s stock valued at $7,823,000 after purchasing an additional 162,796 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in shares of ExlService by 40.0% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 6,501 shares of the business services provider’s stock valued at $307,000 after purchasing an additional 1,858 shares during the period. UMB Bank n.a. increased its holdings in shares of ExlService by 42.9% during the first quarter. UMB Bank n.a. now owns 2,752 shares of the business services provider’s stock valued at $130,000 after purchasing an additional 826 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of ExlService during the first quarter valued at $346,000. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Stock Performance

Shares of EXLS stock opened at $43.07 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.15 and a quick ratio of 3.15. ExlService Holdings, Inc. has a fifty-two week low of $38.26 and a fifty-two week high of $52.43. The stock’s 50-day moving average is $43.24 and its two-hundred day moving average is $44.59. The firm has a market cap of $6.96 billion, a P/E ratio of 29.91, a PEG ratio of 1.97 and a beta of 0.86.

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

Insiders Place Their Bets

In other ExlService news, insider Vikas Bhalla sold 8,000 shares of the company’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. This represents a 5.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.04% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price target on ExlService from $56.00 to $52.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of ExlService in a report on Saturday, September 27th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $51.33.

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.