ExlService (NASDAQ:EXLS – Free Report) had its price objective boosted by Needham & Company LLC from $45.00 to $50.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the business services provider’s stock.
A number of other brokerages have also commented on EXLS. Weiss Ratings upgraded ExlService from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Barrington Research set a $43.00 price objective on ExlService in a research note on Thursday, July 30th. TD Cowen reaffirmed a “buy” rating and set a $45.00 target price (up from $43.00) on shares of ExlService in a research report on Thursday, August 27th. Wall Street Zen upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Finally, Robert W. Baird set a $45.00 price target on shares of ExlService and gave the stock an “outperform” rating in a report on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, ExlService presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.17.
Get Our Latest Stock Report on EXLS
ExlService Price Performance
Shares of NASDAQ:EXLS opened at $41.43 on Wednesday. The company has a current ratio of 2.16, a quick ratio of 1.24 and a debt-to-equity ratio of 0.54. The stock’s fifty day simple moving average is $37.33 and its two-hundred day simple moving average is $32.80. ExlService has a 1-year low of $24.85 and a 1-year high of $43.88. The stock has a market cap of $6.25 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 1.51 and a beta of 0.84.
ExlService (NASDAQ:EXLS – Get Free Report) last posted its earnings results on Tuesday, October 27th. The business services provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.06. The firm had revenue of $633.96 million during the quarter, compared to analyst estimates of $615.51 million. ExlService had a net margin of 11.13% and a return on equity of 32.53%. The business’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 EPS. As a group, analysts forecast that ExlService will post 1.85 EPS for the current fiscal year.
Insider Buying and Selling at ExlService
In related news, insider Vikas Bhalla sold 11,000 shares of ExlService stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $35.38, for a total value of $389,180.00. Following the completion of the sale, the insider owned 109,295 shares of the company’s stock, valued at approximately $3,866,857.10. This trade represents a 9.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.66% of the company’s stock.
Hedge Funds Weigh In On ExlService
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signature Equity Partners LLC increased its stake in ExlService by 65.7% in the 3rd quarter. Signature Equity Partners LLC now owns 1,337 shares of the business services provider’s stock worth $46,000 after purchasing an additional 530 shares during the period. GK Wealth Management LLC bought a new stake in ExlService in the third quarter valued at approximately $58,000. Transamerica Financial Advisors LLC purchased a new stake in shares of ExlService during the second quarter valued at approximately $60,000. Westpac Banking Corp purchased a new stake in shares of ExlService during the first quarter valued at approximately $71,000. Finally, Flputnam Investment Management Co. purchased a new stake in shares of ExlService during the second quarter valued at approximately $71,000. Institutional investors own 92.92% of the company’s stock.
Key Stories Impacting ExlService
Here are the key news stories impacting ExlService this week:
- Positive Sentiment: OpenAI partnership strengthens AI growth narrative. EXL was named an OpenAI Select Partner, giving it access to resources and support to develop, sell, and deliver OpenAI-based solutions. The designation may improve the company’s credibility with enterprise customers and support demand for its data and AI services. EXL named an OpenAI Select Partner
- Positive Sentiment: Analysts continue to raise their expectations. Stifel Nicolaus raised its target to $48, TD Cowen lifted its target to $49, JPMorgan increased its target to $49, and Barrington Research raised its target to $48 while maintaining an outperform rating. These revisions reinforce positive sentiment and imply additional upside, although price targets are not guarantees. TD Cowen raises ExlService price target
- Positive Sentiment: AI-focused product expansion adds another potential growth driver. EXL introduced iMerit Scholars for regulated AI work, highlighting its effort to address specialized data and compliance requirements in industries where accuracy and oversight are important. ExlService debuts iMerit Scholars
- Positive Sentiment: Wall Street sees substantial potential upside. The average analyst price target indicates roughly 45% upside, while recent earnings-estimate revisions suggest improving expectations for EXL’s financial performance. ExlService analyst price target outlook
- Neutral Sentiment: Valuation remains a consideration. A comparison with Nutanix examines which stock offers better value, suggesting investors may weigh EXLS’s growth and AI prospects against its current valuation and the alternatives available in IT services. EXLS versus NTNX value comparison
ExlService Company Profile
ExlService Holdings, Inc, operating under the EXL brand, is a data analytics and digital operations company that helps businesses use data, technology and artificial intelligence to improve decision-making, manage risk and enhance operational performance. Its services include data management, advanced analytics, business process solutions, automation and technology-enabled transformation.
EXL serves clients across industries including insurance, healthcare, banking and capital markets, utilities, travel and transportation, retail, media and manufacturing.
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