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 report report published on Saturday,Wall Street Zen reports.

Other equities analysts have also issued reports about the stock. Needham & Company LLC raised their price target on shares of ExlService from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Weiss Ratings raised shares of ExlService from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, September 2nd. TD Cowen reiterated a “buy” rating and issued a $45.00 price objective (up from $43.00) on shares of ExlService in a research note on Thursday, August 27th. Robert W. Baird set a $45.00 target price on shares of ExlService and gave the stock an “outperform” rating in a report on Thursday, July 30th. Finally, Barrington Research set a $43.00 target price on shares of ExlService in a research report on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.50.

ExlService Stock Performance

ExlService stock opened at $36.45 on Friday. The business’s 50-day simple moving average is $33.35 and its two-hundred day simple moving average is $30.95. The company has a market cap of $5.53 billion, a PE ratio of 22.92, a PEG ratio of 1.42 and a beta of 0.81. ExlService has a fifty-two week low of $24.85 and a fifty-two week high of $44.32.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.04. ExlService had a return on equity of 30.61% and a net margin of 11.17%.The firm had revenue of $594.76 million during the quarter, compared to analysts’ expectations of $573.94 million. During the same period last year, the business posted $0.49 earnings per share. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. ExlService has set its FY 2026 guidance at 2.250-2.290 EPS. As a group, analysts predict that ExlService will post 1.82 EPS for the current fiscal year.

Insider Transactions at ExlService

In other ExlService news, insider Vikas Bhalla sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $34.99, for a total value of $384,890.00. Following the sale, the insider owned 130,295 shares in the company, valued at approximately $4,559,022.05. This represents a 7.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.66% of the company’s stock.

Hedge Funds Weigh In On ExlService

Several large investors have recently made changes to their positions in EXLS. BlackRock Inc. acquired a new position in shares of ExlService during the 2nd quarter worth approximately $488,370,000. Handelsbanken Fonder AB grew its stake in ExlService by 10.7% in the 4th quarter. Handelsbanken Fonder AB now owns 3,781,036 shares of the business services provider’s stock valued at $160,467,000 after acquiring an additional 364,146 shares during the period. California State Teachers Retirement System grew its stake in ExlService by 2,282.9% in the 2nd quarter. California State Teachers Retirement System now owns 4,505,950 shares of the business services provider’s stock valued at $116,524,000 after acquiring an additional 4,316,853 shares during the period. Bank of America Corp DE purchased a new stake in ExlService in the 2nd quarter worth $48,189,000. Finally, BNP Paribas Financial Markets increased its holdings in ExlService by 65.8% in the 4th quarter. BNP Paribas Financial Markets now owns 935,783 shares of the business services provider’s stock worth $39,715,000 after acquiring an additional 371,383 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

About ExlService

ExlService Holdings, Inc (NASDAQ: EXLS), operating as EXL, is a global data analytics and digital operations company. It helps businesses use data, artificial intelligence and automation to improve decision-making, streamline processes and enhance customer experiences.

EXL provides services including advanced analytics, artificial intelligence, digital transformation, business process management, finance and accounting, customer care, claims administration, underwriting support and other industry-specific operations.