Dimensional Fund Advisors LP Decreases Stake in ExlService Holdings, Inc. $EXLS

Dimensional Fund Advisors LP cut its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 5.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,998,824 shares of the business services provider’s stock after selling 181,072 shares during the quarter. Dimensional Fund Advisors LP owned about 1.84% of ExlService worth $141,567,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EXLS. Whittier Trust Co. acquired a new position in shares of ExlService during the 1st quarter worth approximately $45,000. Morse Asset Management Inc purchased a new position in ExlService during the fourth quarter worth approximately $49,000. Strategic Investment Solutions Inc. IL acquired a new position in ExlService during the first quarter worth $77,000. Johnson Financial Group Inc. acquired a new position in ExlService during the fourth quarter worth $85,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in 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 buying an additional 369 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Stock Up 0.2%

Shares of EXLS opened at $43.29 on Thursday. The company’s 50-day moving average price is $43.70 and its 200 day moving average price is $45.80. ExlService Holdings, Inc. has a 12-month low of $35.16 and a 12-month high of $52.43. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 0.24. The firm has a market cap of $6.99 billion, a P/E ratio of 30.06, a price-to-earnings-growth ratio of 1.91 and a beta of 0.81.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.04. The company 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 earnings per share. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. On average, sell-side analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wall Street Zen upgraded ExlService from a “hold” rating to a “buy” rating in a report on Friday, May 9th. JPMorgan Chase & Co. reduced their target price on shares of ExlService from $56.00 to $52.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $55.00 target price on shares of ExlService in a report on Tuesday, June 3rd. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, ExlService has an average rating of “Moderate Buy” and an average target price 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.