Louisiana State Employees Retirement System Raises Holdings in ExlService Holdings, Inc. $EXLS

Louisiana State Employees Retirement System increased its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 45,800 shares of the business services provider’s stock after acquiring an additional 700 shares during the period. Louisiana State Employees Retirement System’s holdings in ExlService were worth $2,006,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in EXLS. Whittier Trust Co. purchased a new position in ExlService in the first quarter worth approximately $45,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of ExlService during the first quarter worth $77,000. Morse Asset Management Inc boosted its position in shares of ExlService by 51.8% during the first quarter. Morse Asset Management Inc now owns 1,685 shares of the business services provider’s stock worth $80,000 after buying an additional 575 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of ExlService by 25.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider’s stock worth $85,000 after buying an additional 369 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of ExlService by 35.2% during the first quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider’s stock worth $101,000 after buying an additional 555 shares during the period. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other ExlService news, insider Vikas Bhalla sold 8,000 shares of the firm’s 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 sale, the insider directly owned 127,046 shares in the company, valued at $5,559,532.96. This trade represents a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.04% of the stock is currently owned by corporate insiders.

ExlService Stock Down 1.8%

Shares of NASDAQ EXLS opened at $41.25 on Friday. The stock has a market cap of $6.66 billion, a P/E ratio of 28.65, a PEG ratio of 1.89 and a beta of 0.86. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 0.24. ExlService Holdings, Inc. has a 12-month low of $38.36 and a 12-month high of $52.43. The business’s fifty day simple moving average is $43.19 and its 200-day simple moving average is $44.43.

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

Analysts Set New Price Targets

EXLS has been the subject of several research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of ExlService in a research report on Wednesday. JPMorgan Chase & Co. lowered their price target on ExlService from $56.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $51.33.

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.