ExlService (NASDAQ:EXLS) Price Target Raised to $43.00 at JPMorgan Chase & Co.

ExlService (NASDAQ:EXLS) had its target price upped by equities research analysts at JPMorgan Chase & Co. from $42.00 to $43.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 34.88% from the company’s previous close.

Several other equities research analysts have also commented on the company. Barrington Research set a $40.00 target price on ExlService in a research report on Thursday. Wall Street Zen upgraded ExlService from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Needham & Company LLC restated a “buy” rating and set a $40.00 target price (down from $55.00) on shares of ExlService in a research report on Wednesday, February 25th. TD Cowen cut their target price on ExlService from $51.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Finally, Stifel Nicolaus cut their target price on ExlService from $54.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $41.50.

ExlService Trading Up 2.2%

Shares of NASDAQ EXLS traded up $0.69 during trading on Thursday, reaching $31.88. The company had a trading volume of 4,592,185 shares, compared to its average volume of 2,164,702. The company’s fifty day moving average price is $30.70 and its 200-day moving average price is $36.54. ExlService has a 12 month low of $26.94 and a 12 month high of $48.79. The stock has a market cap of $4.99 billion, a P/E ratio of 20.70, a PEG ratio of 1.37 and a beta of 0.89. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 0.32.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Tuesday, April 28th. The business services provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. ExlService had a return on equity of 26.66% and a net margin of 12.02%.The firm had revenue of $570.35 million for the quarter, compared to analyst estimates of $557.89 million. During the same quarter in the previous year, the company posted $0.48 EPS. The business’s revenue was up 13.8% on a year-over-year basis. ExlService has set its FY 2026 guidance at 2.180-2.230 EPS. As a group, research analysts expect that ExlService will post 1.76 earnings per share for the current year.

ExlService announced that its Board of Directors has approved a stock repurchase plan on Tuesday, March 17th that allows the company to buyback $125.00 million in outstanding shares. This buyback authorization allows the business services provider to reacquire up to 2.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In related news, EVP Ajay Ayyappan sold 2,275 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $30.32, for a total transaction of $68,978.00. Following the transaction, the executive vice president directly owned 53,768 shares of the company’s stock, valued at approximately $1,630,245.76. This represents a 4.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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 the company. True Wealth Design LLC grew its position in ExlService by 57.2% in the 4th quarter. True Wealth Design LLC now owns 706 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 257 shares during the period. Private Trust Co. NA lifted its stake in shares of ExlService by 56.2% in the fourth quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock valued at $30,000 after buying an additional 258 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of ExlService by 15.0% during the fourth quarter. Fifth Third Bancorp now owns 1,982 shares of the business services provider’s stock valued at $84,000 after buying an additional 259 shares during the last quarter. Blue Trust Inc. increased its position in shares of ExlService by 6.8% during the third quarter. Blue Trust Inc. now owns 4,180 shares of the business services provider’s stock worth $184,000 after acquiring an additional 266 shares in the last quarter. Finally, Composition Wealth LLC increased its position in shares of ExlService by 1.6% during the fourth quarter. Composition Wealth LLC now owns 20,230 shares of the business services provider’s stock worth $859,000 after acquiring an additional 314 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

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.