TD Cowen Lowers ExlService (NASDAQ:EXLS) Price Target to $45.00

ExlService (NASDAQ:EXLS) had its price target reduced by analysts at TD Cowen from $51.00 to $45.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. TD Cowen’s price objective suggests a potential upside of 44.00% from the stock’s previous close.

EXLS has been the subject of a number of other reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ExlService in a research note on Thursday, January 22nd. Robert W. Baird set a $35.00 target price on ExlService in a report on Wednesday. Stifel Nicolaus cut their price target on shares of ExlService from $54.00 to $46.00 and set a “buy” rating for the company in a report on Thursday. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price (down from $55.00) on shares of ExlService in a report on Wednesday. Finally, Wall Street Zen upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.60.

ExlService Stock Performance

EXLS stock opened at $31.25 on Thursday. The company has a 50-day simple moving average of $37.71 and a 200 day simple moving average of $40.31. The company has a market capitalization of $4.89 billion, a P/E ratio of 20.29, a PEG ratio of 1.25 and a beta of 0.88. The company has a quick ratio of 2.91, a current ratio of 2.56 and a debt-to-equity ratio of 0.32. ExlService has a fifty-two week low of $26.94 and a fifty-two week high of $48.79.

Insiders Place Their Bets

In other news, EVP Ajay Ayyappan sold 8,114 shares of the company’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $42.53, for a total value of $345,088.42. Following the transaction, the executive vice president owned 53,515 shares in the company, valued at $2,275,992.95. This represents a 13.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Vikas Bhalla sold 11,774 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $39.99, for a total transaction of $470,842.26. Following the completion of the sale, the insider directly owned 115,272 shares of the company’s stock, valued at $4,609,727.28. This trade represents a 9.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 23,360 shares of company stock worth $920,567 in the last quarter. 4.04% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ExlService

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXLS. Ensign Peak Advisors Inc grew its position in ExlService by 72.5% in the second quarter. Ensign Peak Advisors Inc now owns 319,868 shares of the business services provider’s stock worth $14,007,000 after acquiring an additional 134,491 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in ExlService by 17.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 224,783 shares of the business services provider’s stock worth $9,825,000 after purchasing an additional 33,067 shares in the last quarter. Tandem Investment Advisors Inc. increased its position in ExlService by 602.1% during the third quarter. Tandem Investment Advisors Inc. now owns 71,957 shares of the business services provider’s stock worth $3,168,000 after buying an additional 61,708 shares during the last quarter. Allworth Financial LP raised its holdings in ExlService by 18,533.3% during the second quarter. Allworth Financial LP now owns 43,602 shares of the business services provider’s stock valued at $1,909,000 after buying an additional 43,368 shares in the last quarter. Finally, CWM LLC lifted its position in shares of ExlService by 261.5% in the third quarter. CWM LLC now owns 74,164 shares of the business services provider’s stock worth $3,265,000 after buying an additional 53,651 shares during the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

ExlService News Roundup

Here are the key news stories impacting ExlService this week:

• Positive Sentiment: Q4 beat and raised/above-consensus FY‑2026 guidance — revenue and adjusted EPS topped expectations and management provided FY‑26 EPS guidance that reassured investors on near-term fundamentals. EXL Reports 2025 Fourth Quarter and Year-End Results; Issues 2026 Guidance
• Positive Sentiment: Management guidance and AI push — company projects 9%–11% organic growth for 2026 and is expanding AI-led services and cloud offerings, supporting revenue growth and higher-margin mix upside. ExlService expects 9%-11% organic growth in 2026 while expanding AI-led services
• Positive Sentiment: Strategic capital allocation & product shift — commentary on buybacks, cloud migration and updated targets signals management is prioritizing scalable, higher‑margin initiatives that can support multiple expansion if execution continues. How The ExlService (EXLS) Story Is Shifting With New Targets Buybacks And Cloud Moves
• Neutral Sentiment: Analyst target trims but buy ratings remain — TD Cowen and Stifel cut price targets (to $45 and $46) while keeping Buy ratings, narrowing upside expectations but still implying meaningful upside from current levels. Assessing ExlService Hldgs: Insights From 4 Financial Analysts
• Neutral Sentiment: Short-interest report appears unreliable — February short-interest data shows zero shares (likely a reporting glitch), so there’s no clear short-squeeze pressure indicated.
• Negative Sentiment: Insider selling disclosed — EVP Ajay Ayyappan sold ~1,197 shares recently; while small in dollar terms relative to institutional ownership, insider sales can be viewed negatively by some market participants. SEC Form 4 — Insider Sale
• Negative Sentiment: Technical/momentum headwinds — shares remain below the 50‑ and 200‑day moving averages, which can limit near-term upside until technicals improve and sustain a trend reversal.

About ExlService

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.