ExlService (NASDAQ:EXLS) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of ExlService (NASDAQ:EXLS) from a hold rating to a buy rating in a report issued on Saturday morning.

A number of other research firms have also recently issued reports on EXLS. Weiss Ratings cut shares of ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. JPMorgan Chase & Co. dropped their price target on ExlService from $56.00 to $52.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.50.

ExlService Stock Down 0.5%

Shares of NASDAQ EXLS opened at $40.72 on Friday. ExlService has a 52-week low of $37.30 and a 52-week high of $52.43. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.91 and a current ratio of 2.91. The business has a fifty day moving average of $40.53 and a two-hundred day moving average of $42.89. The stock has a market cap of $6.46 billion, a PE ratio of 27.70, a PEG ratio of 1.90 and a beta of 0.91.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, October 28th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The business 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% on a year-over-year basis. During the same quarter last year, the company posted $0.44 EPS. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. As a group, equities research analysts expect that ExlService will post 1.27 earnings per share for the current fiscal year.

Insider Transactions at ExlService

In other ExlService news, insider Vikas Bhalla sold 11,774 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $39.99, for a total transaction of $470,842.26. Following the transaction, the insider owned 115,272 shares of the company’s stock, valued at approximately $4,609,727.28. This represents a 9.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.04% of the company’s stock.

Institutional Investors Weigh In On ExlService

A number of institutional investors and hedge funds have recently made changes to their positions in EXLS. Securian Asset Management Inc. lifted its position in ExlService by 1.9% during the 2nd quarter. Securian Asset Management Inc. now owns 12,390 shares of the business services provider’s stock valued at $543,000 after purchasing an additional 228 shares during the period. Huntington National Bank lifted its holdings in ExlService by 14.4% in the second quarter. Huntington National Bank now owns 1,953 shares of the business services provider’s stock valued at $86,000 after buying an additional 246 shares during the period. Blue Trust Inc. boosted its stake in ExlService by 6.9% in the second quarter. Blue Trust Inc. now owns 3,914 shares of the business services provider’s stock valued at $171,000 after acquiring an additional 254 shares during the last quarter. Jennison Associates LLC boosted its stake in ExlService by 1.5% in the second quarter. Jennison Associates LLC now owns 19,477 shares of the business services provider’s stock valued at $853,000 after acquiring an additional 288 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in ExlService by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 54,274 shares of the business services provider’s stock worth $2,390,000 after acquiring an additional 318 shares during the period. Institutional investors own 92.92% of the company’s stock.

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.