ExlService (NASDAQ:EXLS) Reaches New 52-Week Low – Here’s What Happened

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) reached a new 52-week low on Thursday . The company traded as low as $26.84 and last traded at $27.16, with a volume of 3389112 shares trading hands. The stock had previously closed at $29.73.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. TD Cowen cut their price target on ExlService from $51.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Robert W. Baird set a $35.00 price target on ExlService in a research note on Wednesday, February 25th. Barrington Research set a $40.00 price target on ExlService and gave the company an “outperform” rating in a research note on Thursday, April 30th. Wall Street Zen raised ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Stifel Nicolaus cut their price target on ExlService from $54.00 to $46.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Five 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, the company presently has an average rating of “Moderate Buy” and an average target price of $41.50.

ExlService Price Performance

The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 17.50, a P/E/G ratio of 1.14 and a beta of 0.87. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average of $30.58 and a 200 day moving average of $35.77.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, April 28th. The business services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The business had revenue of $570.35 million for the quarter, compared to the consensus estimate of $557.67 million. ExlService had a return on equity of 28.50% and a net margin of 11.66%.The firm’s revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 EPS. ExlService has set its FY 2026 guidance at 2.180-2.230 EPS. Equities research analysts predict that ExlService Holdings, Inc. will post 1.79 EPS for the current fiscal year.

ExlService announced that its Board of Directors has approved a stock buyback program 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 buy up to 2.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP Ajay Ayyappan sold 1,197 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $29.79, for a total transaction of $35,658.63. Following the sale, the executive vice president owned 53,901 shares of the company’s stock, valued at approximately $1,605,710.79. This trade represents a 2.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 4.04% of the company’s stock.

Institutional Trading of ExlService

Several hedge funds have recently added to or reduced their stakes in the business. Lazard Asset Management LLC raised its stake in ExlService by 47.1% during the 1st quarter. Lazard Asset Management LLC now owns 91,551 shares of the business services provider’s stock worth $2,788,000 after buying an additional 29,323 shares during the period. Weiss Asset Management LP acquired a new stake in ExlService during the 1st quarter worth $3,794,000. Lombard Odier Asset Management USA Corp acquired a new stake in ExlService during the 1st quarter worth $280,000. Waverly Advisors LLC acquired a new stake in ExlService during the 1st quarter worth $262,000. Finally, Granahan Investment Management LLC raised its stake in ExlService by 30.9% during the 1st quarter. Granahan Investment Management LLC now owns 63,086 shares of the business services provider’s stock worth $1,921,000 after buying an additional 14,880 shares during the period. Institutional investors and hedge funds 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.