Wall Street Zen Upgrades ExlService (NASDAQ:EXLS) to “Buy”

by · The Markets Daily

ExlService (NASDAQ:EXLS – Get Free Report) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

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

Check Out Our Latest Stock Report on ExlService

ExlService Price Performance

Shares of EXLS opened at $34.75 on Friday. The stock has a market cap of $5.27 billion, a PE ratio of 21.86, a PEG ratio of 1.40 and a beta of 0.81. ExlService has a 12-month low of $24.85 and a 12-month high of $44.32. The business has a 50-day simple moving average of $34.70 and a two-hundred day simple moving average of $31.19.

ExlService (NASDAQ:EXLS – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The business services provider reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. The firm had revenue of $594.76 million for 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 business’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period last year, the firm posted $0.49 earnings per share. ExlService has set its FY 2026 guidance at 2.250-2.290 EPS. On average, equities research analysts expect that ExlService will post 1.82 EPS for the current year.

Insider Activity

In other news, insider Vikas Bhalla sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $34.99, for a total transaction 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.66% of the company’s stock.

Institutional Trading of ExlService

Hedge funds have recently modified their holdings of the stock. Hantz Financial Services Inc. boosted its stake in ExlService by 183.1% during the fourth quarter. Hantz Financial Services Inc. now owns 1,353 shares of the business services provider’s stock worth $57,000 after acquiring an additional 875 shares in the last quarter. Transamerica Financial Advisors LLC acquired a new stake in ExlService in the second quarter worth $60,000. Cache Advisors LLC bought a new stake in ExlService in the first quarter valued at $69,000. Westpac Banking Corp bought a new stake in ExlService in the first quarter valued at $71,000. Finally, Flputnam Investment Management Co. acquired a new position in shares of ExlService during the second quarter valued at about $71,000. Institutional investors own 92.92% of the company’s stock.

ExlService Company Profile

(Get Free Report)

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.

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