ExlService (NASDAQ:EXLS) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of ExlService (NASDAQ:EXLS) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Other equities analysts have also recently issued reports about the company. TD Cowen decreased their target price on ExlService from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, January 9th. Weiss Ratings cut ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, ExlService currently has an average rating of “Moderate Buy” and a consensus target price of $53.80.

ExlService Stock Performance

EXLS opened at $42.77 on Friday. The company’s 50 day moving average is $41.22 and its 200 day moving average is $42.12. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.43. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 1.72 and a beta of 0.91. ExlService has a 12-month low of $37.30 and a 12-month high of $52.43.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, October 28th. The business services provider reported $0.48 EPS for the quarter, beating 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 was up 12.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.44 earnings per share. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. On average, equities research analysts predict that ExlService will post 1.27 EPS for the current year.

Insider Transactions at ExlService

In other news, insider Vikas Bhalla sold 11,774 shares of ExlService 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 sale, the insider owned 115,272 shares in the company, valued at $4,609,727.28. This trade represents a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.04% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ExlService

Several large investors have recently made changes to their positions in the company. Securian Asset Management Inc. boosted its stake in ExlService by 1.9% during the second quarter. Securian Asset Management Inc. now owns 12,390 shares of the business services provider’s stock valued at $543,000 after buying an additional 228 shares during the last quarter. Huntington National Bank increased its stake in ExlService by 14.4% in the 2nd quarter. Huntington National Bank now owns 1,953 shares of the business services provider’s stock worth $86,000 after acquiring an additional 246 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of ExlService by 6.9% during the 2nd quarter. Blue Trust Inc. now owns 3,914 shares of the business services provider’s stock worth $171,000 after acquiring an additional 254 shares in the last quarter. True Wealth Design LLC boosted its position in shares of ExlService by 57.2% during the 4th quarter. True Wealth Design LLC now owns 706 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 257 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of 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 purchasing an additional 288 shares in the last quarter. 92.92% of the stock is owned by institutional investors.

ExlService Company Profile

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.