ExlService Holdings, Inc. (NASDAQ:EXLS) Receives $54.50 Average Price Target from Brokerages

ExlService Holdings, Inc. (NASDAQ:EXLS) has received an average recommendation of “Moderate Buy” from the five research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $54.50.

Several research analysts have recently weighed in on EXLS shares. Weiss Ratings cut shares of ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Wall Street Zen cut shares of ExlService from a “buy” rating to a “hold” rating in a report on Saturday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of ExlService from $56.00 to $52.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th.

ExlService Stock Performance

EXLS stock opened at $39.55 on Friday. The stock has a market capitalization of $6.28 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 1.77 and a beta of 0.86. ExlService has a 12-month low of $37.30 and a 12-month high of $52.43. The company has a current ratio of 2.91, a quick ratio of 3.15 and a debt-to-equity ratio of 0.43. The stock’s 50 day simple moving average is $42.35 and its 200 day simple moving average is $43.86.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Tuesday, October 28th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. The business had revenue of $529.59 million for the quarter, compared to analysts’ expectations of $522.35 million. ExlService had a return on equity of 25.60% and a net margin of 11.91%.The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 EPS. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. As a group, research analysts forecast that ExlService will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling at ExlService

In other news, insider Vikas Bhalla sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $43.76, for a total transaction of $350,080.00. Following the completion of the transaction, the insider directly owned 127,046 shares of the company’s stock, valued at $5,559,532.96. The trade was a 5.92% 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. 4.04% of the stock is owned by insiders.

Institutional Trading of ExlService

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Securian Asset Management Inc. increased its stake in shares of ExlService by 1.9% in the 2nd quarter. Securian Asset Management Inc. now owns 12,390 shares of the business services provider’s stock worth $543,000 after purchasing an additional 228 shares in the last quarter. Huntington National Bank increased its stake in shares of 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 purchasing an additional 246 shares in the last quarter. Blue Trust Inc. increased its stake in shares of ExlService by 6.9% in the 2nd quarter. Blue Trust Inc. now owns 3,914 shares of the business services provider’s stock worth $171,000 after purchasing an additional 254 shares in the last quarter. Xponance Inc. increased its stake in shares of ExlService by 1.2% in the 1st quarter. Xponance Inc. now owns 23,630 shares of the business services provider’s stock worth $1,116,000 after purchasing an additional 270 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in shares of ExlService by 1.5% in the 2nd quarter. Jennison Associates LLC now owns 19,477 shares of the business services provider’s stock worth $853,000 after purchasing an additional 288 shares in the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

ExlService Company Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.