Aberdeen Group plc Has $20.67 Million Stock Holdings in ExlService Holdings, Inc. $EXLS

Aberdeen Group plc raised its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 21.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 472,015 shares of the business services provider’s stock after buying an additional 83,967 shares during the quarter. Aberdeen Group plc owned 0.29% of ExlService worth $20,670,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in ExlService by 40.8% in the first 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 in the last quarter. Nuveen LLC bought a new stake in ExlService in the first quarter worth approximately $91,114,000. Driehaus Capital Management LLC bought a new stake in ExlService in the first quarter worth approximately $57,681,000. Invesco Ltd. grew its position in ExlService by 125.5% in the first quarter. Invesco Ltd. now owns 1,582,235 shares of the business services provider’s stock worth $74,697,000 after acquiring an additional 880,612 shares in the last quarter. Finally, Millennium Management LLC grew its position in ExlService by 1,632.6% in the first quarter. Millennium Management LLC now owns 771,653 shares of the business services provider’s stock worth $36,430,000 after acquiring an additional 727,117 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Price Performance

NASDAQ EXLS opened at $40.81 on Tuesday. 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 has a fifty day simple moving average of $43.16 and a 200 day simple moving average of $44.37. The company has a market cap of $6.59 billion, a P/E ratio of 28.34, a P/E/G ratio of 1.89 and a beta of 0.86. ExlService Holdings, Inc. has a 1 year low of $38.36 and a 1 year high of $52.43.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Tuesday, July 29th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. The business had revenue of $514.46 million during 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%. ExlService’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 EPS. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. On average, sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Transactions at ExlService

In other news, insider Vikas Bhalla sold 8,000 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $43.76, for a total transaction of $350,080.00. Following the transaction, the insider owned 127,046 shares in the company, valued at approximately $5,559,532.96. The trade was a 5.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.04% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on EXLS shares. JPMorgan Chase & Co. decreased their target price on shares of ExlService from $56.00 to $52.00 and set an “overweight” rating for the company in a research 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 investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, ExlService presently has a consensus rating of “Moderate Buy” and an average price target of $52.40.

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.