Wall Street Zen Downgrades ExlService (NASDAQ:EXLS) to Hold

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

Several other equities analysts have also recently commented on EXLS. TD Cowen reduced their price objective on shares of ExlService from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, January 9th. Weiss Ratings downgraded shares of ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, ExlService currently has an average rating of “Moderate Buy” and an average target price of $53.80.

ExlService Price Performance

Shares of NASDAQ EXLS opened at $42.77 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. ExlService has a fifty-two week low of $37.30 and a fifty-two week high of $52.43. The stock has a market cap of $6.79 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 1.72 and a beta of 0.91. The stock has a fifty day moving average of $41.22 and a 200-day moving average of $42.10.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, October 28th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the firm posted $0.44 EPS. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. Equities research analysts anticipate that ExlService will post 1.27 earnings per share for the current year.

Insider Buying and Selling at ExlService

In other news, insider Vikas Bhalla sold 11,774 shares of ExlService stock in a transaction 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 completion of the sale, the insider directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.04% of the company’s stock.

Institutional Investors Weigh In On ExlService

Large investors have recently added to or reduced their stakes in the company. Aberdeen Group plc boosted its holdings in shares of ExlService by 18.8% in the 4th quarter. Aberdeen Group plc now owns 562,437 shares of the business services provider’s stock worth $23,870,000 after purchasing an additional 89,194 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its stake in ExlService by 3.6% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 19,392 shares of the business services provider’s stock worth $823,000 after buying an additional 665 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in ExlService by 26.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 284,440 shares of the business services provider’s stock valued at $11,722,000 after acquiring an additional 59,657 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of ExlService by 119.9% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 28,912 shares of the business services provider’s stock worth $1,227,000 after acquiring an additional 15,764 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of ExlService by 113.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 6,206 shares of the business services provider’s stock worth $263,000 after acquiring an additional 3,301 shares during the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

About ExlService

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.