ExlService (NASDAQ:EXLS) Upgraded at Wall Street Zen

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

EXLS has been the topic of a number of other reports. Needham & Company LLC raised their target price on shares of ExlService from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Robert W. Baird set a $45.00 target price on shares of ExlService and gave the stock an “outperform” rating in a report on Thursday, July 30th. Weiss Ratings raised shares of ExlService from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, September 2nd. Barrington Research set a $43.00 price target on shares of ExlService in a report on Thursday, July 30th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $45.00 price target (up from $43.00) on shares of ExlService in a research report on Thursday, August 27th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.50.

ExlService Stock Down 0.4%

Shares of ExlService stock opened at $34.60 on Friday. The stock has a market capitalization of $5.25 billion, a P/E ratio of 21.76, a PEG ratio of 1.40 and a beta of 0.81. The stock has a 50 day moving average price of $34.83 and a two-hundred day moving average price of $31.21. ExlService has a 12-month low of $24.85 and a 12-month high of $44.32.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, July 28th. The business services provider reported $0.59 EPS for the quarter, beating the consensus estimate of $0.55 by $0.04. ExlService had a return on equity of 30.61% and a net margin of 11.17%.The company had revenue of $594.76 million for the quarter, compared to the consensus estimate of $573.94 million. During the same quarter last year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. ExlService has set its FY 2026 guidance at 2.250-2.290 EPS. Sell-side analysts anticipate that ExlService will post 1.82 earnings per share for the current year.

Insider Buying and Selling at ExlService

In other news, insider Vikas Bhalla sold 11,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $34.99, for a total value of $384,890.00. Following the completion of the sale, the insider directly owned 130,295 shares of the company’s stock, valued at approximately $4,559,022.05. This represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.66% of the company’s stock.

Hedge Funds Weigh In On ExlService

Large investors have recently bought and sold shares of the stock. QRG Capital Management Inc. boosted its holdings in ExlService by 3.2% in the 2nd quarter. QRG Capital Management Inc. now owns 14,604 shares of the business services provider’s stock valued at $378,000 after purchasing an additional 447 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of ExlService by 9.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,791 shares of the business services provider’s stock worth $201,000 after purchasing an additional 676 shares during the period. Tidal Investments LLC bought a new position in shares of ExlService during the 2nd quarter worth about $512,000. Squarepoint Ops LLC raised its position in shares of ExlService by 85.0% during the second quarter. Squarepoint Ops LLC now owns 201,805 shares of the business services provider’s stock valued at $5,219,000 after buying an additional 92,697 shares during the last quarter. Finally, Nykredit A S acquired a new position in shares of ExlService during the second quarter valued at about $130,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.

About ExlService

ExlService Holdings, Inc (NASDAQ: EXLS), operating as EXL, is a global data analytics and digital operations company. It helps businesses use data, artificial intelligence and automation to improve decision-making, streamline processes and enhance customer experiences.

EXL provides services including advanced analytics, artificial intelligence, digital transformation, business process management, finance and accounting, customer care, claims administration, underwriting support and other industry-specific operations.