ExlService (NASDAQ:EXLS) Stock Rating Lowered by Wall Street Zen

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

Other analysts also recently issued research reports about the stock. Needham & Company LLC increased their target price on shares of ExlService from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Barrington Research set a $43.00 price target on shares of ExlService in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of ExlService from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 2nd. TD Cowen reissued a “buy” rating and issued a $45.00 price objective (up from $43.00) on shares of ExlService in a research report on Thursday, August 27th. Finally, Robert W. Baird set a $45.00 target price on shares of ExlService and gave the company an “outperform” rating in a research note on Thursday, July 30th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $44.50.

ExlService Price Performance

Shares of EXLS opened at $35.26 on Friday. ExlService has a fifty-two week low of $24.85 and a fifty-two week high of $44.32. The company’s fifty day moving average is $33.17 and its two-hundred day moving average is $30.89. The firm has a market cap of $5.35 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, July 28th. The business services provider reported $0.59 EPS for the quarter, topping the consensus estimate of $0.55 by $0.04. The company had revenue of $594.76 million during the quarter, compared to analyst estimates of $573.94 million. ExlService had a return on equity of 30.61% and a net margin of 11.17%.The firm’s revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 earnings per share. ExlService has set its FY 2026 guidance at 2.250-2.290 EPS. As a group, equities research analysts anticipate that ExlService will post 1.82 earnings per share for the current year.

Insiders Place Their Bets

In other ExlService news, insider Vikas Bhalla sold 11,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $34.99, for a total value of $384,890.00. Following the completion of the sale, the insider owned 130,295 shares of the company’s stock, valued at $4,559,022.05. This trade represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.66% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EXLS. Sequoia Financial Advisors LLC grew its holdings in ExlService by 9.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,791 shares of the business services provider’s stock valued at $201,000 after purchasing an additional 676 shares in the last quarter. Tidal Investments LLC purchased a new stake in ExlService during the 2nd quarter worth $512,000. Squarepoint Ops LLC lifted its holdings in ExlService by 85.0% in the 2nd quarter. Squarepoint Ops LLC now owns 201,805 shares of the business services provider’s stock worth $5,219,000 after buying an additional 92,697 shares in the last quarter. Nykredit A S acquired a new position in ExlService in the 2nd quarter worth $130,000. Finally, Amundi lifted its holdings in ExlService by 17.8% in the 2nd quarter. Amundi now owns 907,421 shares of the business services provider’s stock worth $23,466,000 after buying an additional 137,396 shares in the last quarter. 92.92% of the stock is owned by institutional investors and hedge funds.

About ExlService

ExlService Holdings, Inc (NASDAQ: EXLS), operating as EXL, is a global data analytics and digital operations company. It helps businesses use data, artificial intelligence and automation to improve decision-making, streamline processes and enhance customer experiences.

EXL provides services including advanced analytics, artificial intelligence, digital transformation, business process management, finance and accounting, customer care, claims administration, underwriting support and other industry-specific operations.