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

ExlService (NASDAQ:EXLS) had its target price lifted by Stifel Nicolaus from $46.00 to $48.00 in a report released on Thursday morning, MarketBeat.com reports. Stifel Nicolaus currently has a buy rating on the business services provider’s stock.

Several other research firms have also recently commented on EXLS. Wall Street Zen raised shares of ExlService from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Barrington Research set a $43.00 target price on shares of ExlService in a research note on Thursday, July 30th. TD Cowen reiterated a “buy” rating and set a $45.00 price target (up from $43.00) on shares of ExlService in a research report on Thursday, August 27th. Weiss Ratings raised shares of ExlService from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, October 26th. Finally, Robert W. Baird set a $45.00 price target on shares of ExlService and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, ExlService has an average rating of “Moderate Buy” and a consensus price target of $48.17.

ExlService Price Performance

Shares of ExlService stock opened at $41.43 on Thursday. The company has a quick ratio of 1.24, a current ratio of 2.16 and a debt-to-equity ratio of 0.54. The company has a market cap of $6.25 billion, a PE ratio of 24.66, a P/E/G ratio of 1.53 and a beta of 0.84. The business has a 50 day moving average of $37.33 and a 200 day moving average of $32.80. ExlService has a 52 week low of $24.85 and a 52 week high of $43.88.

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

Insiders Place Their Bets

In related news, insider Vikas Bhalla sold 11,000 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $35.38, for a total value of $389,180.00. Following the sale, the insider directly owned 109,295 shares of the company’s stock, valued at $3,866,857.10. This represents a 9.14% decrease in their ownership of the stock. The sale 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 insiders.

Hedge Funds Weigh In On ExlService

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXLS. Signature Equity Partners LLC raised its stake in ExlService by 65.7% during the third 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 boosted its holdings in ExlService by 21.4% in the third quarter. Bridge City Capital LLC now owns 123,298 shares of the business services provider’s stock worth $4,239,000 after acquiring an additional 21,756 shares in the last quarter. MeadowBrook Investment Advisors LLC bought a new stake in ExlService in the third quarter worth $119,000. Vise Technologies Inc. boosted its holdings in ExlService by 40.9% in the third quarter. Vise Technologies Inc. now owns 32,354 shares of the business services provider’s stock worth $1,112,000 after acquiring an additional 9,384 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in shares of ExlService by 8.4% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 85,600 shares of the business services provider’s stock worth $2,943,000 after acquiring an additional 6,600 shares during the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

ExlService News Summary

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.