Wall Street Zen Downgrades ExlService (NASDAQ:EXLS) to Hold

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

A number of other brokerages have also recently commented on EXLS. Weiss Ratings cut ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. TD Cowen lowered their price objective on ExlService from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, January 9th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $53.80.

ExlService Stock Performance

Shares of EXLS stock opened at $42.77 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.91 and a current ratio of 2.91. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of 29.10, a P/E/G ratio of 1.72 and a beta of 0.91. ExlService has a 52 week low of $37.30 and a 52 week high of $52.43. The firm’s 50-day simple moving average is $41.22 and its two-hundred day simple moving average is $42.14.

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

Insider Transactions at ExlService

In other ExlService news, insider Vikas Bhalla sold 11,774 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $39.99, for a total value of $470,842.26. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.04% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ExlService

Several large investors have recently added to or reduced their stakes in EXLS. JPMorgan Chase & Co. raised its position in ExlService by 1.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,412,882 shares of the business services provider’s stock valued at $238,331,000 after purchasing an additional 68,398 shares during the last quarter. Geneva Capital Management LLC increased its stake in shares of ExlService by 7.7% during the second quarter. Geneva Capital Management LLC now owns 5,013,398 shares of the business services provider’s stock valued at $219,537,000 after buying an additional 357,833 shares during the period. Invesco Ltd. raised its holdings in shares of ExlService by 193.6% during the second quarter. Invesco Ltd. now owns 4,645,745 shares of the business services provider’s stock valued at $203,437,000 after acquiring an additional 3,063,510 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of ExlService by 30.5% during the second quarter. Handelsbanken Fonder AB now owns 3,583,322 shares of the business services provider’s stock valued at $156,914,000 after acquiring an additional 836,632 shares in the last quarter. Finally, Fenimore Asset Management Inc lifted its stake in ExlService by 0.7% in the third quarter. Fenimore Asset Management Inc now owns 2,789,992 shares of the business services provider’s stock worth $122,843,000 after acquiring an additional 18,747 shares during the period. Institutional investors own 92.92% of the company’s stock.

ExlService Company Profile

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.