TD Cowen Cuts ExlService (NASDAQ:EXLS) Price Target to $51.00

ExlService (NASDAQ:EXLS) had its price objective cut by TD Cowen from $52.00 to $51.00 in a report published on Friday,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

EXLS has been the topic of several other reports. Weiss Ratings downgraded ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Wall Street Zen raised ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. 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, the company has a consensus rating of “Moderate Buy” and an average price target of $53.80.

ExlService Stock Performance

ExlService stock opened at $42.68 on Friday. The firm has a market capitalization of $6.77 billion, a P/E ratio of 29.03, a P/E/G ratio of 1.72 and a beta of 0.91. The stock has a fifty day moving average price of $40.92 and a two-hundred day moving average price of $42.16. 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 current ratio of 2.91 and a quick ratio of 2.91.

ExlService (NASDAQ:EXLS) last posted its earnings results on Tuesday, October 28th. The business services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. The business had revenue of $529.59 million for the quarter, compared to analyst estimates of $522.35 million. ExlService had a net margin of 11.91% and a return on equity of 25.60%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 EPS. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. As a group, analysts anticipate that ExlService will post 1.27 EPS for the current fiscal year.

Insider Buying and Selling at ExlService

In other ExlService news, insider Vikas Bhalla sold 11,774 shares of ExlService stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $39.99, for a total value of $470,842.26. Following the sale, the insider owned 115,272 shares of the company’s stock, valued at $4,609,727.28. This trade represents a 9.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.04% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EXLS. Ensign Peak Advisors Inc boosted its position in shares of ExlService by 72.5% during the second quarter. Ensign Peak Advisors Inc now owns 319,868 shares of the business services provider’s stock valued at $14,007,000 after buying an additional 134,491 shares during the last quarter. Allworth Financial LP raised its holdings in shares of ExlService by 18,533.3% in the 2nd quarter. Allworth Financial LP now owns 43,602 shares of the business services provider’s stock worth $1,909,000 after purchasing an additional 43,368 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of ExlService by 17.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 224,783 shares of the business services provider’s stock worth $9,825,000 after acquiring an additional 33,067 shares during the period. Advantage Alpha Capital Partners LP purchased a new position in shares of ExlService in the second quarter worth about $3,560,000. Finally, CWM LLC lifted its position in shares of ExlService by 261.5% during the third quarter. CWM LLC now owns 74,164 shares of the business services provider’s stock worth $3,265,000 after acquiring an additional 53,651 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

About ExlService

ExlService Holdings, Inc (NASDAQ: EXLS) is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.