ExlService (NASDAQ:EXLS) Given “Buy (B-)” Rating at Weiss Ratings

ExlService (NASDAQ:EXLS)‘s stock had its “buy (b-)” rating reaffirmed by equities researchers at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, JPMorgan Chase & Co. reduced their target price on shares of ExlService from $56.00 to $52.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $51.33.

ExlService Stock Up 0.3%

Shares of EXLS stock opened at $42.46 on Wednesday. The firm has a fifty day moving average of $43.24 and a 200-day moving average of $44.52. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 0.24. ExlService has a 12-month low of $38.36 and a 12-month high of $52.43. The company has a market capitalization of $6.86 billion, a price-to-earnings ratio of 29.49, a P/E/G ratio of 1.94 and a beta of 0.86.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. ExlService had a net margin of 12.00% and a return on equity of 25.38%. The company had revenue of $514.46 million during the quarter, compared to the consensus estimate of $504.87 million. During the same quarter in the prior year, the firm earned $0.40 earnings per share. The firm’s revenue was up 14.7% compared to the same quarter last year. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. As a group, equities research analysts predict that ExlService will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ExlService news, insider Vikas Bhalla sold 8,000 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $43.76, for a total value of $350,080.00. Following the completion of the sale, the insider owned 127,046 shares in the company, valued at $5,559,532.96. This trade represents a 5.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.04% of the stock is currently owned by corporate insiders.

Institutional Trading of ExlService

A number of hedge funds have recently modified their holdings of EXLS. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of ExlService during the 2nd quarter worth about $43,000. Whittier Trust Co. acquired a new stake in shares of ExlService during the 1st quarter worth about $45,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of ExlService during the 1st quarter worth about $77,000. Morse Asset Management Inc lifted its stake in shares of ExlService by 51.8% during the 1st quarter. Morse Asset Management Inc now owns 1,685 shares of the business services provider’s stock worth $80,000 after buying an additional 575 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of ExlService by 25.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider’s stock worth $85,000 after buying an additional 369 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Company Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.