ExlService (NASDAQ:EXLS) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of ExlService (NASDAQ:EXLS) from a buy rating to a hold rating in a research note published on Sunday.

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

ExlService Trading Up 0.6%

EXLS opened at $41.78 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.91 and a current ratio of 2.91. The stock’s 50 day moving average price is $40.22 and its 200-day moving average price is $42.62. ExlService has a one year low of $37.30 and a one year high of $52.43. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 28.42, a P/E/G ratio of 1.94 and a beta of 0.91.

ExlService (NASDAQ:EXLS) last released its earnings results on Tuesday, October 28th. The business services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. The business had revenue of $529.59 million during the quarter, compared to the consensus estimate of $522.35 million. ExlService had a return on equity of 25.60% and a net margin of 11.91%.The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last 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 analysts forecast that ExlService will post 1.27 EPS for the current year.

Insiders Place Their Bets

In other news, insider Vikas Bhalla sold 11,774 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $39.99, for a total value of $470,842.26. Following the sale, the insider directly owned 115,272 shares of the company’s stock, valued at $4,609,727.28. This represents a 9.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.04% of the company’s stock.

Institutional Investors Weigh In On ExlService

A number of institutional investors have recently modified their holdings of the business. Mather Group LLC. purchased a new stake in shares of ExlService during the third quarter worth approximately $25,000. CENTRAL TRUST Co boosted its stake in ExlService by 2,428.0% during the 3rd quarter. CENTRAL TRUST Co now owns 632 shares of the business services provider’s stock worth $28,000 after purchasing an additional 607 shares during the last quarter. First Horizon Corp purchased a new stake in shares of ExlService during the third quarter worth $32,000. Farther Finance Advisors LLC raised its position in shares of ExlService by 533.6% in the third quarter. Farther Finance Advisors LLC now owns 792 shares of the business services provider’s stock valued at $35,000 after buying an additional 667 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of ExlService in the second quarter valued at about $43,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.

About ExlService

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.