ExlService (NASDAQ:EXLS) Cut to Hold at Wall Street Zen

ExlService (NASDAQ:EXLS) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other research firms have also commented on EXLS. Weiss Ratings lowered ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. JPMorgan Chase & Co. dropped their price target on ExlService from $56.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.50.

ExlService Stock Performance

EXLS opened at $39.09 on Friday. The firm’s fifty day simple moving average is $42.53 and its two-hundred day simple moving average is $43.97. ExlService has a 52-week low of $37.30 and a 52-week high of $52.43. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 1.77 and a beta of 0.86. The company has a quick ratio of 3.15, a current ratio of 2.91 and a debt-to-equity ratio of 0.43.

ExlService (NASDAQ:EXLS) last released its earnings results on Tuesday, October 28th. The business services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates 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 in the previous year, the company earned $0.44 earnings per share. The company’s quarterly 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 analysts anticipate that ExlService will post 1.27 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Vikas Bhalla sold 8,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was 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 of the company’s stock, valued at approximately $5,559,532.96. This trade represents a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.04% of the stock is owned by company insiders.

Institutional Trading of ExlService

Several large investors have recently added to or reduced their stakes in the stock. Mather Group LLC. purchased a new position in shares of ExlService during the 3rd quarter worth $25,000. First Horizon Corp acquired a new position in ExlService in the 3rd quarter valued at about $32,000. Farther Finance Advisors LLC grew its stake in shares of ExlService by 533.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 792 shares of the business services provider’s stock valued at $35,000 after buying an additional 667 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of ExlService during the 2nd quarter worth approximately $43,000. Finally, Whittier Trust Co. acquired a new stake in shares of ExlService during the 1st quarter worth approximately $45,000. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

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.