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

Wall Street Zen cut shares of ExlService (NASDAQ:EXLS) from a buy rating to a hold rating in a report issued on Saturday.

A number of other research firms have also commented on EXLS. Weiss Ratings lowered shares of ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. JPMorgan Chase & Co. dropped their price target on shares of 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $54.50.

ExlService Trading Down 1.4%

Shares of EXLS stock opened at $38.84 on Friday. ExlService has a 12-month low of $37.30 and a 12-month high of $52.43. The company has a market capitalization of $6.16 billion, a PE ratio of 26.42, a price-to-earnings-growth ratio of 1.77 and a beta of 0.90. The firm has a 50 day moving average price of $41.08 and a two-hundred day moving average price of $43.25. 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 announced its earnings results on Tuesday, October 28th. The business services provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The company had revenue of $529.59 million for the quarter, compared to analyst estimates of $522.35 million. ExlService had a return on equity of 25.60% and a net margin of 11.91%.The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 earnings per share. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. As a group, analysts predict that ExlService will post 1.27 earnings per share for the current year.

Insider Transactions at ExlService

In related news, insider Vikas Bhalla sold 8,000 shares of ExlService stock in a transaction that occurred 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 transaction, the insider directly owned 127,046 shares of the company’s stock, 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 owned by company insiders.

Hedge Funds Weigh In On ExlService

Several hedge funds and other institutional investors have recently modified their holdings of the business. Mather Group LLC. acquired a new stake in ExlService in the third quarter valued at about $25,000. CENTRAL TRUST Co grew its holdings in shares of 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 last quarter. First Horizon Corp acquired a new position in ExlService during the 3rd quarter worth approximately $32,000. Farther Finance Advisors LLC lifted its stake in 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 purchasing an additional 667 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in ExlService in the second quarter valued at 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.