ExlService (NASDAQ:EXLS) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

ExlService (NASDAQ:EXLS) posted its quarterly earnings data on Tuesday. The business services provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.04, FiscalAI reports. ExlService had a return on equity of 25.60% and a net margin of 11.91%.The business had revenue of $542.62 million during the quarter, compared to the consensus estimate of $532.21 million.

ExlService Stock Performance

Shares of NASDAQ:EXLS traded up $0.24 during midday trading on Tuesday, reaching $28.75. 2,694,745 shares of the company’s stock traded hands, compared to its average volume of 1,989,380. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.91 and a current ratio of 2.91. ExlService has a one year low of $27.88 and a one year high of $51.31. The company has a market cap of $4.56 billion, a price-to-earnings ratio of 19.56, a P/E/G ratio of 1.21 and a beta of 0.88. The stock has a 50 day moving average of $38.72 and a 200 day moving average of $40.63.

Insider Transactions at ExlService

In other news, EVP Ajay Ayyappan sold 8,114 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $42.53, for a total transaction of $345,088.42. Following the completion of the transaction, the executive vice president directly owned 53,515 shares of the company’s stock, valued at $2,275,992.95. The trade was a 13.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vikas Bhalla sold 11,774 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were 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 in the company, valued at approximately $4,609,727.28. This trade represents a 9.27% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 22,163 shares of company stock valued at $884,909. 4.04% of the stock is owned by insiders.

Institutional Investors Weigh In On ExlService

Hedge funds have recently added to or reduced their stakes in the stock. Graham Capital Management L.P. bought a new stake in ExlService during the fourth quarter valued at about $238,000. Quarry LP raised its stake in shares of ExlService by 55.6% in the third quarter. Quarry LP now owns 5,260 shares of the business services provider’s stock worth $232,000 after buying an additional 1,880 shares during the period. Aster Capital Management DIFC Ltd lifted its position in shares of ExlService by 82.5% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 5,396 shares of the business services provider’s stock valued at $229,000 after buying an additional 2,439 shares in the last quarter. Aristides Capital LLC purchased a new position in shares of ExlService during the 4th quarter valued at about $209,000. Finally, Kestra Advisory Services LLC purchased a new stake in ExlService in the 4th quarter worth approximately $145,000. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. TD Cowen cut their price objective on shares of ExlService from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, January 9th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ExlService in a research note on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $53.00.

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.