ExlService (NASDAQ:EXLS) Upgraded at Wall Street Zen

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

Separately, Weiss Ratings cut ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $54.50.

ExlService Stock Performance

NASDAQ:EXLS opened at $42.01 on Friday. The firm’s 50-day moving average is $40.69 and its 200-day moving average is $42.20. The company has a market cap of $6.67 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 1.66 and a beta of 0.91. 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 52-week low of $37.30 and a 52-week high of $52.43.

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, beating the consensus estimate of $0.47 by $0.01. ExlService had a net margin of 11.91% and a return on equity of 25.60%. The business had revenue of $529.59 million during the quarter, compared to analysts’ expectations of $522.35 million. During the same quarter last year, the company 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 anticipate that ExlService will post 1.27 earnings per share for the current year.

Insider Buying and Selling

In other ExlService news, insider Vikas Bhalla sold 11,774 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was 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 in the company, valued at $4,609,727.28. This represents a 9.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.04% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EXLS. GAMMA Investing LLC increased its position in shares of ExlService by 19.5% during the 4th quarter. GAMMA Investing LLC now owns 3,944 shares of the business services provider’s stock worth $167,000 after purchasing an additional 643 shares in the last quarter. Tudor Investment Corp ET AL grew its stake in ExlService by 451.2% during the third quarter. Tudor Investment Corp ET AL now owns 975,894 shares of the business services provider’s stock worth $42,969,000 after buying an additional 798,831 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of ExlService by 54.7% during the third quarter. IFP Advisors Inc now owns 4,454 shares of the business services provider’s stock worth $201,000 after buying an additional 1,575 shares in the last quarter. Swiss Life Asset Management Ltd bought a new position in shares of ExlService in the third quarter valued at approximately $333,000. Finally, Tevis Investment Management boosted its holdings in shares of ExlService by 8.7% in the 3rd quarter. Tevis Investment Management now owns 9,527 shares of the business services provider’s stock worth $419,000 after acquiring an additional 761 shares in the last quarter. 92.92% of the stock is owned by institutional investors.

ExlService Company Profile

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.