Magnetar Financial LLC Has $490,000 Position in ExlService Holdings, Inc. $EXLS

Magnetar Financial LLC raised its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 36.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,197 shares of the business services provider’s stock after buying an additional 2,984 shares during the quarter. Magnetar Financial LLC’s holdings in ExlService were worth $490,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the business. Securian Asset Management Inc. raised its position in ExlService by 1.9% in the second quarter. Securian Asset Management Inc. now owns 12,390 shares of the business services provider’s stock worth $543,000 after purchasing an additional 228 shares in the last quarter. Huntington National Bank grew its stake in shares of ExlService by 14.4% in 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. Blue Trust Inc. raised its holdings in shares of ExlService by 6.9% in the 2nd quarter. Blue Trust Inc. now owns 3,914 shares of the business services provider’s stock worth $171,000 after buying an additional 254 shares in the last quarter. Jennison Associates LLC lifted its position in shares of ExlService by 1.5% during the 2nd quarter. Jennison Associates LLC now owns 19,477 shares of the business services provider’s stock worth $853,000 after buying an additional 288 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of ExlService by 25.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider’s stock valued at $85,000 after purchasing an additional 369 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at ExlService

In related news, insider Vikas Bhalla sold 8,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were 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 in the company, valued at $5,559,532.96. This represents a 5.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.04% of the stock is currently owned by corporate insiders.

ExlService Stock Down 1.4%

NASDAQ:EXLS opened at $38.84 on Tuesday. The company has a market cap of $6.16 billion, a price-to-earnings ratio of 26.42, a P/E/G ratio of 1.77 and a beta of 0.90. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.15 and a current ratio of 2.91. The stock’s fifty day moving average price is $41.08 and its two-hundred day moving average price is $43.25. ExlService Holdings, Inc. has a 52-week low of $37.30 and a 52-week high of $52.43.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Tuesday, October 28th. The business services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The firm 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%.The company’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the company earned $0.44 earnings per share. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. On average, analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

EXLS has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of ExlService from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings downgraded ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Finally, JPMorgan Chase & Co. reduced their price objective on ExlService from $56.00 to $52.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.