ExlService (NASDAQ:EXLS) Stock Moved Up to “Buy” by Wall Street Zen

Wall Street Zen upgraded shares of ExlService (NASDAQ:EXLS) from a hold rating to a buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Several other brokerages have also recently weighed in on EXLS. TD Cowen restated a “buy” rating and set a $45.00 target price (up from $43.00) on shares of ExlService in a report on Thursday, August 27th. Needham & Company LLC increased their price target on ExlService from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Weiss Ratings upgraded ExlService from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, September 2nd. Barrington Research set a $43.00 price objective on ExlService in a research report on Thursday, July 30th. Finally, Robert W. Baird set a $45.00 price objective on ExlService and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, ExlService has an average rating of “Moderate Buy” and a consensus target price of $44.50.

ExlService Stock Down 1.2%

ExlService stock opened at $34.75 on Friday. The company has a fifty day simple moving average of $34.70 and a 200-day simple moving average of $31.19. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 1.40 and a beta of 0.81. ExlService has a 52-week low of $24.85 and a 52-week high of $44.32.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.04. The firm had revenue of $594.76 million for the quarter, compared to the consensus estimate of $573.94 million. ExlService had a net margin of 11.17% and a return on equity of 30.61%. The company’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, research analysts anticipate that ExlService will post 1.82 EPS for the current fiscal year.

Insider Activity

In other news, insider Vikas Bhalla sold 11,000 shares of ExlService 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 sale, the insider owned 130,295 shares of the company’s stock, valued at approximately $4,559,022.05. The trade was a 7.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.66% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ExlService

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of ExlService during the 2nd quarter worth $488,370,000. Bank of America Corp DE acquired a new position in shares of ExlService in the 2nd quarter worth approximately $48,189,000. BNP Paribas Financial Markets lifted its holdings in shares of ExlService by 65.8% in the 4th quarter. BNP Paribas Financial Markets now owns 935,783 shares of the business services provider’s stock worth $39,715,000 after acquiring an additional 371,383 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its position in shares of ExlService by 35.6% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 939,698 shares of the business services provider’s stock worth $28,614,000 after purchasing an additional 246,690 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in ExlService in the 2nd quarter valued at approximately $25,214,000. Hedge funds and other institutional investors own 92.92% of the company’s stock.

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.