ExlService (NASDAQ:EXLS) Shares Climb 5.5% – Here’s What Happened

ExlService Holdings, Inc. (NASDAQ:EXLS)’s stock price was up 5.5% on Thursday. The company traded as high as $36.57 and last traded at $36.2780. Approximately 182,497 shares changed hands during trading, a decline of 92% from the average session volume of 2,307,811 shares. The stock had previously closed at $34.38.

Analyst Ratings Changes

Several equities research analysts have issued reports on EXLS shares. Wall Street Zen upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Needham & Company LLC increased their price target on ExlService from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Robert W. Baird set a $45.00 price objective on ExlService and gave the company an “outperform” rating in a report on Thursday, July 30th. Barrington Research set a $43.00 price target on shares of ExlService in a research report on Thursday, July 30th. Finally, TD Cowen reiterated a “buy” rating and set a $45.00 price target (up from $43.00) on shares of ExlService in a 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.50.

ExlService Trading Up 6.5%

The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 1.39 and a beta of 0.81. The stock’s 50 day moving average is $35.12 and its 200 day moving average is $31.28.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. The company had revenue of $594.76 million during the quarter, compared to analysts’ expectations of $573.94 million. ExlService had a return on equity of 30.61% and a net margin of 11.17%.The business’s revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 earnings per share. ExlService has set its FY 2026 guidance at 2.250-2.290 EPS. On average, equities research analysts predict that ExlService Holdings, Inc. will post 1.82 EPS for the current year.

Insider Buying and Selling

In other ExlService news, insider Vikas Bhalla sold 11,000 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $34.99, for a total transaction of $384,890.00. Following the transaction, the insider owned 130,295 shares in the company, valued at $4,559,022.05. This trade represents a 7.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.66% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ExlService

A number of hedge funds have recently bought and sold shares of the business. Diversified Trust Co boosted its holdings in ExlService by 5.2% in the 1st quarter. Diversified Trust Co now owns 7,441 shares of the business services provider’s stock valued at $227,000 after purchasing an additional 371 shares during the period. QRG Capital Management Inc. boosted its stake in shares of ExlService by 3.2% in the second quarter. QRG Capital Management Inc. now owns 14,604 shares of the business services provider’s stock valued at $378,000 after buying an additional 447 shares during the period. Oregon Public Employees Retirement Fund grew its position in ExlService by 1.6% during the first quarter. Oregon Public Employees Retirement Fund now owns 32,241 shares of the business services provider’s stock worth $982,000 after buying an additional 500 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in 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 acquiring an additional 676 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in ExlService by 12.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 7,751 shares of the business services provider’s stock valued at $236,000 after acquiring an additional 844 shares in the last quarter. 92.92% of the stock is owned by institutional investors.

ExlService Company Profile

ExlService Holdings, Inc (NASDAQ: EXLS), commonly known as EXL, is a data analytics and digital operations company that helps organizations use data, artificial intelligence and technology to improve business performance. The company combines analytics, digital transformation and business process expertise to support decision-making, streamline operations and manage complex workflows.

EXL provides services and technology solutions across areas including insurance, healthcare, banking and capital markets, retail and consumer goods, utilities, media, travel and transportation.