Fort Washington Investment Advisors Inc. OH Buys 642 Shares of ExlService Holdings, Inc. $EXLS

Fort Washington Investment Advisors Inc. OH grew its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 0.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 579,613 shares of the business services provider’s stock after purchasing an additional 642 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in ExlService were worth $25,381,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of ExlService by 40.8% during the first quarter. JPMorgan Chase & Co. now owns 6,704,937 shares of the business services provider’s stock valued at $316,540,000 after buying an additional 1,943,471 shares during the period. Nuveen LLC purchased a new stake in ExlService in the 1st quarter valued at about $91,114,000. Driehaus Capital Management LLC bought a new position in ExlService in the 1st quarter worth about $57,681,000. Invesco Ltd. raised its stake in shares of ExlService by 125.5% during the first quarter. Invesco Ltd. now owns 1,582,235 shares of the business services provider’s stock valued at $74,697,000 after acquiring an additional 880,612 shares in the last quarter. Finally, Millennium Management LLC grew its stake 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 purchasing an additional 727,117 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

ExlService Price Performance

Shares of EXLS stock opened at $43.75 on Monday. The stock’s 50-day moving average is $43.15 and its 200 day moving average is $44.69. ExlService Holdings, Inc. has a 1-year low of $37.53 and a 1-year high of $52.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.15 and a quick ratio of 3.15. The company has a market cap of $7.07 billion, a P/E ratio of 30.38, a PEG ratio of 2.00 and a beta of 0.85.

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on EXLS. Needham & Company LLC reissued a “buy” rating and set a $55.00 price target on shares of ExlService in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. dropped their target price on shares of ExlService from $56.00 to $52.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, ExlService presently has an average rating of “Moderate Buy” and an average target price of $51.33.

Insiders Place Their Bets

In other ExlService news, insider Vikas Bhalla sold 8,000 shares of the firm’s 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 completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.04% of the stock is currently owned by company insiders.

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.