Integrated Quantitative Investments LLC Makes New Investment in ExlService Holdings, Inc. $EXLS

Integrated Quantitative Investments LLC purchased a new position in ExlService Holdings, Inc. (NASDAQ:EXLS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 41,087 shares of the business services provider’s stock, valued at approximately $1,799,000. ExlService accounts for 0.5% of Integrated Quantitative Investments LLC’s investment portfolio, making the stock its 27th biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Whittier Trust Co. bought a new position in ExlService in the 1st quarter worth $45,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of ExlService in the first quarter valued at about $77,000. Morse Asset Management Inc boosted its stake in shares of ExlService by 51.8% in the first quarter. Morse Asset Management Inc now owns 1,685 shares of the business services provider’s stock worth $80,000 after acquiring an additional 575 shares during the period. Caitong International Asset Management Co. Ltd grew 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 purchasing an additional 369 shares in the last quarter. Finally, Huntington National Bank raised its stake in ExlService by 14.4% during 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. 92.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EXLS. Weiss Ratings lowered shares of ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. JPMorgan Chase & Co. cut their price objective on ExlService from $56.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Finally, Wall Street Zen raised ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, November 9th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $54.50.

Insider Transactions at ExlService

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

ExlService Stock Performance

NASDAQ:EXLS opened at $39.71 on Friday. ExlService Holdings, Inc. has a fifty-two week low of $37.30 and a fifty-two week high of $52.43. The firm has a market capitalization of $6.30 billion, a PE ratio of 27.01, a PEG 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 is $41.65 and its 200 day moving average is $43.60.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results 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 analysts’ expectations of $522.35 million. ExlService had a net margin of 11.91% and a return on equity of 25.60%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.44 EPS. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. On average, sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

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.