ExlService (NASDAQ:EXLS) Upgraded by Wall Street Zen to Buy Rating

ExlService (NASDAQ:EXLS) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other research firms also recently weighed in on EXLS. JPMorgan Chase & Co. cut their target price on ExlService from $56.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Weiss Ratings cut shares of ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.50.

ExlService Price Performance

Shares of ExlService stock opened at $40.72 on Friday. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 27.70, a price-to-earnings-growth ratio of 1.91 and a beta of 0.91. ExlService has a twelve month low of $37.30 and a twelve month high of $52.43. The company has a 50-day simple moving average of $40.53 and a two-hundred day simple moving average of $42.91.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, October 28th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The firm had revenue of $529.59 million for the quarter, compared to analyst estimates of $522.35 million. ExlService had a net margin of 11.91% and a return on equity of 25.60%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 EPS. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. Analysts forecast that ExlService will post 1.27 EPS for the current year.

Insiders Place Their Bets

In related news, insider Vikas Bhalla sold 11,774 shares of the 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 completion of 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.04% of the stock is owned by insiders.

Institutional Investors Weigh In On ExlService

Institutional investors have recently made changes to their positions in the stock. Mather Group LLC. bought a new position in shares of ExlService during the third quarter worth about $25,000. CENTRAL TRUST Co increased its position in ExlService by 2,428.0% during the 3rd quarter. CENTRAL TRUST Co now owns 632 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 607 shares during the period. First Horizon Corp bought a new position in ExlService during the 3rd quarter worth approximately $32,000. Farther Finance Advisors LLC raised its holdings in ExlService by 533.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 792 shares of the business services provider’s stock worth $35,000 after purchasing an additional 667 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of ExlService in the 2nd quarter worth approximately $43,000. Institutional investors own 92.92% of the company’s stock.

About ExlService

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.