QRG Capital Management Inc. Grows Position in ExlService Holdings, Inc. $EXLS

QRG Capital Management Inc. lifted its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 3.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,312 shares of the business services provider’s stock after buying an additional 599 shares during the quarter. QRG Capital Management Inc.’s holdings in ExlService were worth $714,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of EXLS. Balboa Wealth Partners increased its holdings in ExlService by 5.0% during the 1st quarter. Balboa Wealth Partners now owns 5,140 shares of the business services provider’s stock worth $243,000 after purchasing an additional 244 shares during the period. Xponance Inc. increased its holdings in ExlService by 1.2% during the 1st quarter. Xponance Inc. now owns 23,630 shares of the business services provider’s stock worth $1,116,000 after purchasing an additional 270 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in ExlService by 1.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,112 shares of the business services provider’s stock worth $713,000 after purchasing an additional 286 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in ExlService by 25.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider’s stock worth $85,000 after acquiring an additional 369 shares in the last quarter. Finally, State of Michigan Retirement System grew its holdings in ExlService by 1.0% during the 1st quarter. State of Michigan Retirement System now owns 38,500 shares of the business services provider’s stock worth $1,818,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EXLS. 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of ExlService in a report on Wednesday. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, ExlService presently has an average rating of “Moderate Buy” and an average price target of $51.33.

ExlService Stock Down 1.1%

NASDAQ:EXLS opened at $41.99 on Friday. ExlService Holdings, Inc. has a fifty-two week low of $38.36 and a fifty-two week high of $52.43. The stock has a market capitalization of $6.78 billion, a P/E ratio of 29.16, a P/E/G ratio of 1.95 and a beta of 0.86. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.15 and a current ratio of 3.15. The company’s 50-day simple moving average is $43.21 and its 200-day simple moving average is $44.49.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data 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. The firm had revenue of $514.46 million during the quarter, compared to analyst estimates of $504.87 million. ExlService had a net margin of 12.00% and a return on equity of 25.38%. ExlService’s revenue was up 14.7% on a year-over-year basis. During the same period last year, the firm posted $0.40 EPS. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. On average, equities analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

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 completion of the transaction, the insider directly owned 127,046 shares of the company’s stock, valued at $5,559,532.96. This trade represents a 5.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.04% of the stock is owned by 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.