ExlService (NASDAQ:EXLS) Downgraded to "Hold" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded ExlService from “Buy” to “Hold,” although the broader analyst consensus remains “Moderate Buy,” with six Buy ratings and one Hold rating and an average price target of $44.50.
• ExlService reported quarterly EPS of $0.59, exceeding the $0.55 consensus estimate, while revenue reached $594.76 million, up 15.6% year over year and above expectations.
• The stock opened at $35.26, compared with a 52-week range of $24.85 to $44.32. Institutional investors own approximately 92.92% of the company, while an insider recently sold 11,000 shares under a pre-arranged trading plan.

ExlService (NASDAQ:EXLS - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

EXLS has been the topic of several other reports. Robert W. Baird set a $45.00 price target on ExlService and gave the company an "outperform" rating in a research report on Thursday, July 30th. Needham & Company LLC lifted their price objective on shares of ExlService from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. TD Cowen reiterated a "buy" rating and set a $45.00 target price (up from $43.00) on shares of ExlService in a research note on Thursday, August 27th. Weiss Ratings raised shares of ExlService from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, September 2nd. Finally, Barrington Research set a $43.00 target price on shares of ExlService in a report on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.50.

ExlService Stock Performance

NASDAQ:EXLS opened at $35.26 on Friday. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 1.39 and a beta of 0.81. ExlService has a one year low of $24.85 and a one year high of $44.32. The stock has a 50-day simple moving average of $33.17 and a 200 day simple moving average of $30.88.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.04. ExlService had a return on equity of 30.61% and a net margin of 11.17%.The firm had revenue of $594.76 million for the quarter, compared to analysts' expectations of $573.94 million. During the same quarter in the prior year, the firm posted $0.49 earnings per share. ExlService's revenue for the quarter was up 15.6% compared to the same quarter last year. ExlService has set its FY 2026 guidance at 2.250-2.290 EPS. On average, equities research analysts forecast that ExlService will post 1.82 EPS for the current fiscal year.

Insider Activity

In related news, insider Vikas Bhalla sold 11,000 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $34.99, for a total transaction of $384,890.00. Following the completion of the transaction, the insider owned 130,295 shares in the company, valued at $4,559,022.05. The trade was a 7.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.66% of the company's stock.

Institutional Investors Weigh In On ExlService

Several large investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC grew its position in shares of ExlService by 277.7% during the first quarter. Empowered Funds LLC now owns 17,384 shares of the business services provider's stock worth $821,000 after acquiring an additional 12,781 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in ExlService by 4.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 497,474 shares of the business services provider's stock valued at $23,486,000 after purchasing an additional 19,769 shares during the last quarter. Jane Street Group LLC acquired a new position in ExlService during the 1st quarter valued at about $10,084,000. EverSource Wealth Advisors LLC boosted its stake in ExlService by 575.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,883 shares of the business services provider's stock valued at $126,000 after purchasing an additional 2,456 shares during the period. Finally, Marshall Wace LLP acquired a new position in ExlService during the 2nd quarter valued at about $1,704,000. 92.92% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.