Jupiter Asset Management Ltd. Makes New Investment in ExlService Holdings, Inc. $EXLS

Jupiter Asset Management Ltd. purchased a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 259,699 shares of the business services provider’s stock, valued at approximately $11,372,000. Jupiter Asset Management Ltd. owned 0.16% of ExlService as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Allworth Financial LP raised its holdings in ExlService by 18,533.3% during the 2nd quarter. Allworth Financial LP now owns 43,602 shares of the business services provider’s stock valued at $1,909,000 after acquiring an additional 43,368 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of ExlService in the second quarter worth $1,435,000. EFG Asset Management North America Corp. grew its position in shares of ExlService by 11.3% in the second quarter. EFG Asset Management North America Corp. now owns 106,695 shares of the business services provider’s stock valued at $4,672,000 after purchasing an additional 10,824 shares in the last quarter. Huntington National Bank raised its stake in shares of ExlService by 14.4% during the 2nd quarter. Huntington National Bank now owns 1,953 shares of the business services provider’s stock valued at $86,000 after purchasing an additional 246 shares during the period. Finally, Hussman Strategic Advisors Inc. purchased a new stake in ExlService during the 2nd quarter worth about $920,000. 92.92% of the stock is owned by institutional investors.

Insider Transactions at ExlService

In related news, insider Vikas Bhalla sold 8,000 shares of the stock in a transaction on 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 owned 127,046 shares of the company’s stock, valued at $5,559,532.96. This represents a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.04% of the company’s stock.

ExlService Stock Down 0.2%

EXLS stock opened at $39.51 on Thursday. The company’s 50 day moving average is $41.84 and its 200 day moving average is $43.67. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of 26.88, a price-to-earnings-growth ratio of 1.77 and a beta of 0.90. The company has a current ratio of 2.91, a quick ratio of 3.15 and a debt-to-equity ratio of 0.43. ExlService Holdings, Inc. has a 1-year low of $37.30 and a 1-year high of $52.43.

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

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wall Street Zen raised ExlService from a “hold” rating to a “buy” rating in a report on Sunday. JPMorgan Chase & Co. reduced 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, August 20th. Finally, Weiss Ratings lowered shares of ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a 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’s stock. According to data from MarketBeat.com, ExlService currently has an average rating of “Moderate Buy” and a consensus target price of $54.50.

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.