ExlService (NASDAQ:EXLS) Earns “Outperform” Rating from Barrington Research

ExlService (NASDAQ:EXLS)‘s stock had its “outperform” rating reissued by equities researchers at Barrington Research in a research report issued on Thursday,Benzinga reports. They currently have a $40.00 target price on the business services provider’s stock. Barrington Research’s price target would indicate a potential upside of 54.32% from the stock’s current price.

Several other research analysts also recently weighed in on EXLS. TD Cowen reaffirmed a “buy” rating on shares of ExlService in a report on Wednesday, June 17th. Stifel Nicolaus decreased their price target on ExlService from $54.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Robert W. Baird set a $35.00 price target on ExlService in a report on Wednesday, February 25th. Weiss Ratings upgraded ExlService from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 15th. Finally, JPMorgan Chase & Co. upped their price objective on ExlService from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.50.

ExlService Price Performance

NASDAQ EXLS opened at $25.92 on Thursday. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. ExlService has a 12 month low of $25.18 and a 12 month high of $47.11. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 1.10 and a beta of 0.82. The company’s 50 day moving average is $29.45 and its two-hundred day moving average is $33.57.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, April 28th. The business services provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $570.35 million during the quarter, compared to analyst estimates of $557.67 million. ExlService had a net margin of 11.66% and a return on equity of 28.50%. The company’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. ExlService has set its FY 2026 guidance at 2.180-2.230 EPS. As a group, research analysts anticipate that ExlService will post 1.8 earnings per share for the current year.

ExlService declared that its Board of Directors has authorized a share buyback program on Tuesday, March 17th that authorizes the company to buyback $125.00 million in shares. This buyback authorization authorizes the business services provider to buy up to 2.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other ExlService news, EVP Ajay Ayyappan sold 5,093 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $29.11, for a total value of $148,257.23. Following the sale, the executive vice president owned 48,994 shares in the company, valued at $1,426,215.34. The trade was a 9.42% decrease in their position. The sale was disclosed in a document filed 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. Also, insider Vikas Bhalla sold 12,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $30.22, for a total value of $362,640.00. Following the transaction, the insider owned 153,295 shares of the company’s stock, valued at approximately $4,632,574.90. The trade was a 7.26% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.66% of the company’s stock.

Institutional Investors Weigh In On ExlService

Large investors have recently bought and sold shares of the business. True Wealth Design LLC lifted its position in ExlService by 57.2% during the fourth quarter. True Wealth Design LLC now owns 706 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 257 shares during the last quarter. Private Trust Co. NA lifted its holdings in shares of ExlService by 56.2% in the 4th quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 258 shares during the last quarter. Fifth Third Bancorp grew its position in ExlService by 15.0% in the fourth quarter. Fifth Third Bancorp now owns 1,982 shares of the business services provider’s stock worth $84,000 after acquiring an additional 259 shares in the last quarter. Composition Wealth LLC increased its stake in ExlService by 1.6% during the fourth quarter. Composition Wealth LLC now owns 20,230 shares of the business services provider’s stock worth $859,000 after acquiring an additional 314 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in ExlService by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 54,274 shares of the business services provider’s stock worth $2,390,000 after acquiring an additional 318 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.

About ExlService

ExlService Holdings, Inc (NASDAQ: EXLS) is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.