ExlService (NASDAQ:EXLS) Price Target Raised to $48.00

ExlService (NASDAQ:EXLS) had its target price hoisted by Barrington Research from $43.00 to $48.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the business services provider’s stock.

A number of other equities analysts also recently issued reports on the company. Wall Street Zen upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Stifel Nicolaus increased their price objective on ExlService from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday. Weiss Ratings raised ExlService from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, October 26th. Robert W. Baird set a $45.00 target price on ExlService and gave the company an “outperform” rating in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. lifted their target price on ExlService from $48.00 to $49.00 and gave the company an “overweight” rating in a research report on Thursday. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, ExlService presently has a consensus rating of “Moderate Buy” and an average target price of $48.17.

ExlService Stock Up 0.8%

ExlService stock opened at $41.43 on Thursday. The firm has a market capitalization of $6.25 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 1.53 and a beta of 0.84. The firm’s fifty day moving average price is $37.33 and its two-hundred day moving average price is $32.80. ExlService has a 1-year low of $24.85 and a 1-year high of $43.88. The company has a current ratio of 2.16, a quick ratio of 1.24 and a debt-to-equity ratio of 0.54.

ExlService (NASDAQ:EXLS) last posted its earnings results on Tuesday, October 27th. The business services provider reported $0.62 EPS for the quarter, topping the consensus estimate of $0.56 by $0.06. ExlService had a net margin of 11.13% and a return on equity of 32.53%. The company had revenue of $633.96 million during the quarter, compared to the consensus estimate of $615.51 million. During the same period in the previous year, the firm posted $0.48 earnings per share. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. On average, equities research analysts predict that ExlService will post 1.87 earnings per share for the current fiscal year.

Insider Activity at ExlService

In related news, insider Vikas Bhalla sold 11,000 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $35.38, for a total transaction of $389,180.00. Following the transaction, the insider directly owned 109,295 shares of the company’s stock, valued at $3,866,857.10. This trade represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 Investors Weigh In On ExlService

A number of institutional investors have recently added to or reduced their stakes in EXLS. Signature Equity Partners LLC increased its stake in ExlService by 65.7% in the 3rd quarter. Signature Equity Partners LLC now owns 1,337 shares of the business services provider’s stock valued at $46,000 after buying an additional 530 shares during the last quarter. Bridge City Capital LLC lifted its position in shares of ExlService by 21.4% during the 3rd quarter. Bridge City Capital LLC now owns 123,298 shares of the business services provider’s stock worth $4,239,000 after buying an additional 21,756 shares in the last quarter. MeadowBrook Investment Advisors LLC purchased a new position in shares of ExlService in the 3rd quarter worth approximately $119,000. Vise Technologies Inc. boosted its stake in shares of ExlService by 40.9% in the 3rd quarter. Vise Technologies Inc. now owns 32,354 shares of the business services provider’s stock worth $1,112,000 after buying an additional 9,384 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of ExlService by 8.4% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 85,600 shares of the business services provider’s stock worth $2,943,000 after buying an additional 6,600 shares during the last quarter. 92.92% of the stock is owned by institutional investors.

Trending Headlines about ExlService

Here are the key news stories impacting ExlService this week:

• Positive Sentiment: OpenAI partnership strengthens AI growth narrative. EXL was named an OpenAI Select Partner, giving it access to resources and support to develop, sell, and deliver OpenAI-based solutions. The designation may improve the company’s credibility with enterprise customers and support demand for its data and AI services. EXL named an OpenAI Select Partner
• Positive Sentiment: Analysts continue to raise their expectations. Stifel Nicolaus raised its target to $48, TD Cowen lifted its target to $49, JPMorgan increased its target to $49, and Barrington Research raised its target to $48 while maintaining an outperform rating. These revisions reinforce positive sentiment and imply additional upside, although price targets are not guarantees. TD Cowen raises ExlService price target
• Positive Sentiment: AI-focused product expansion adds another potential growth driver. EXL introduced iMerit Scholars for regulated AI work, highlighting its effort to address specialized data and compliance requirements in industries where accuracy and oversight are important. ExlService debuts iMerit Scholars
• Positive Sentiment: Wall Street sees substantial potential upside. The average analyst price target indicates roughly 45% upside, while recent earnings-estimate revisions suggest improving expectations for EXL’s financial performance. ExlService analyst price target outlook
• Neutral Sentiment: Valuation remains a consideration. A comparison with Nutanix examines which stock offers better value, suggesting investors may weigh EXLS’s growth and AI prospects against its current valuation and the alternatives available in IT services. EXLS versus NTNX value comparison

ExlService Company Profile

ExlService Holdings, Inc, operating under the EXL brand, is a data analytics and digital operations company that helps businesses use data, technology and artificial intelligence to improve decision-making, manage risk and enhance operational performance. Its services include data management, advanced analytics, business process solutions, automation and technology-enabled transformation.

EXL serves clients across industries including insurance, healthcare, banking and capital markets, utilities, travel and transportation, retail, media and manufacturing.