Wall Street Zen Upgrades ExlService (NASDAQ:EXLS) to “Buy”

ExlService (NASDAQ:EXLS) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

EXLS has been the subject of several other reports. Weiss Ratings downgraded ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. JPMorgan Chase & Co. lowered their target price on ExlService from $56.00 to $52.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, ExlService presently has an average rating of “Moderate Buy” and a consensus price target of $54.50.

ExlService Stock Performance

Shares of EXLS opened at $40.72 on Friday. The company has a 50-day simple moving average of $40.53 and a 200-day simple moving average of $42.87. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $6.46 billion, a PE ratio of 27.70, a P/E/G ratio of 1.90 and a beta of 0.91. ExlService has a 52-week low of $37.30 and a 52-week high of $52.43.

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

Insiders Place Their Bets

In other ExlService news, insider Vikas Bhalla sold 11,774 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $39.99, for a total transaction of $470,842.26. Following the completion of the sale, the insider owned 115,272 shares of the company’s stock, valued at approximately $4,609,727.28. The trade was a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.04% of the company’s stock.

Hedge Funds Weigh In On ExlService

A number of large investors have recently modified their holdings of EXLS. IFP Advisors Inc grew its holdings in shares of ExlService by 54.7% during the 3rd quarter. IFP Advisors Inc now owns 4,454 shares of the business services provider’s stock worth $201,000 after purchasing an additional 1,575 shares during the period. Swiss Life Asset Management Ltd purchased a new position in ExlService in the third quarter valued at approximately $333,000. Tevis Investment Management lifted its position in ExlService by 8.7% during the third quarter. Tevis Investment Management now owns 9,527 shares of the business services provider’s stock valued at $419,000 after buying an additional 761 shares in the last quarter. Strategic Advocates LLC purchased a new stake in ExlService during the third quarter worth approximately $60,000. Finally, CIBC Private Wealth Group LLC grew its stake in ExlService by 63.4% during the third quarter. CIBC Private Wealth Group LLC now owns 1,583 shares of the business services provider’s stock worth $70,000 after buying an additional 614 shares during the period. 92.92% of the stock is currently 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.