Wall Street Zen Downgrades ExlService (NASDAQ:EXLS) to Hold

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

Several other analysts have also weighed in on EXLS. Weiss Ratings lowered shares of ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. JPMorgan Chase & Co. lowered their target price on shares of ExlService from $56.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, ExlService currently has a consensus rating of “Moderate Buy” and an average price target of $54.50.

ExlService Trading Down 2.8%

EXLS opened at $39.09 on Friday. The stock has a market capitalization of $6.20 billion, a PE ratio of 26.59, a P/E/G ratio of 1.77 and a beta of 0.86. The firm’s fifty day moving average price is $42.53 and its 200 day moving average price is $43.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.91 and a quick ratio of 3.15. ExlService has a 12-month low of $37.30 and a 12-month high of $52.43.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, October 28th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. The firm had revenue of $529.59 million for the quarter, compared to analysts’ expectations of $522.35 million. ExlService had a net margin of 11.91% and a return on equity of 25.60%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. As a group, research analysts expect that ExlService will post 1.27 EPS for the current fiscal year.

Insider Activity at ExlService

In other news, insider Vikas Bhalla sold 8,000 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $43.76, for a total transaction of $350,080.00. Following the completion of the transaction, the insider owned 127,046 shares in the company, valued at approximately $5,559,532.96. This represents a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.04% of the company’s stock.

Hedge Funds Weigh In On ExlService

Several institutional investors have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. bought a new position in shares of ExlService during the third quarter worth about $202,000. GHP Investment Advisors Inc. grew its position in shares of ExlService by 1.7% during the third quarter. GHP Investment Advisors Inc. now owns 215,137 shares of the business services provider’s stock worth $9,472,000 after acquiring an additional 3,607 shares during the last quarter. UNIVEST FINANCIAL Corp grew its position in shares of ExlService by 18.7% during the third quarter. UNIVEST FINANCIAL Corp now owns 98,265 shares of the business services provider’s stock worth $4,327,000 after acquiring an additional 15,486 shares during the last quarter. Covestor Ltd grew its position in shares of ExlService by 22.3% during the third quarter. Covestor Ltd now owns 3,759 shares of the business services provider’s stock worth $166,000 after acquiring an additional 686 shares during the last quarter. Finally, Hudson Edge Investment Partners Inc. grew its position in shares of ExlService by 31.4% during the third quarter. Hudson Edge Investment Partners Inc. now owns 23,341 shares of the business services provider’s stock worth $1,028,000 after acquiring an additional 5,581 shares during the last quarter. 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.