Arrowstreet Capital Limited Partnership Purchases 91,129 Shares of ExlService Holdings, Inc. $EXLS

Arrowstreet Capital Limited Partnership increased its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 35.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 345,113 shares of the business services provider’s stock after purchasing an additional 91,129 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in ExlService were worth $15,112,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Cetera Investment Advisers raised its position in shares of ExlService by 12.0% in the 1st quarter. Cetera Investment Advisers now owns 22,335 shares of the business services provider’s stock worth $1,054,000 after acquiring an additional 2,392 shares in the last quarter. Deutsche Bank AG grew its stake in ExlService by 17.4% in the first quarter. Deutsche Bank AG now owns 205,432 shares of the business services provider’s stock worth $9,698,000 after purchasing an additional 30,382 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in ExlService by 61.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 24,178 shares of the business services provider’s stock worth $1,141,000 after purchasing an additional 9,225 shares in the last quarter. Citigroup Inc. lifted its position in ExlService by 29.8% during the first quarter. Citigroup Inc. now owns 244,299 shares of the business services provider’s stock valued at $11,533,000 after buying an additional 56,112 shares during the period. Finally, Townsquare Capital LLC purchased a new position in ExlService during the first quarter valued at $379,000. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on EXLS shares. JPMorgan Chase & Co. decreased their price target 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. Weiss Ratings downgraded shares of ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Finally, Wall Street Zen upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Saturday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $54.50.

ExlService Trading Down 1.6%

Shares of NASDAQ:EXLS opened at $40.06 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.91 and a quick ratio of 2.91. ExlService Holdings, Inc. has a 1 year low of $37.30 and a 1 year high of $52.43. The company has a market cap of $6.36 billion, a P/E ratio of 27.25, a PEG ratio of 1.90 and a beta of 0.91. The stock’s fifty day moving average price is $40.46 and its 200-day moving average price is $42.83.

ExlService (NASDAQ:EXLS) last issued its earnings results on Tuesday, October 28th. The business services provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 25.60% and a net margin of 11.91%.ExlService’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 EPS. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. Sell-side analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Vikas Bhalla sold 11,774 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $39.99, for a total value of $470,842.26. Following the sale, the insider owned 115,272 shares in the company, valued at approximately $4,609,727.28. This trade represents a 9.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.04% of the stock is currently owned by company 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.