ExlService (NASDAQ:EXLS) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded ExlService from “hold” to “buy.” The stock has a consensus “Moderate Buy” rating from analysts, with an average price target of $44.50.
• ExlService reported quarterly EPS of $0.59, beating estimates of $0.55, while revenue rose 15.6% year over year to $594.76 million.
• EXLS opened at $34.75, with a market capitalization of approximately $5.27 billion; institutional investors own 92.92% of the company’s shares.

ExlService (NASDAQ:EXLS - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday, Wall Street Zen reports.

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

ExlService Price Performance

NASDAQ:EXLS opened at $34.75 on Friday. The firm's fifty day moving average price is $34.70 and its two-hundred day moving average price is $31.19. The company has a market cap of $5.27 billion, a P/E ratio of 21.86, a P/E/G ratio of 1.41 and a beta of 0.81. ExlService has a one year low of $24.85 and a one year high of $44.32.

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

Insider Transactions at ExlService

In other ExlService news, insider Vikas Bhalla sold 11,000 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $34.99, for a total value of $384,890.00. Following the transaction, the insider directly owned 130,295 shares of the company's stock, valued at $4,559,022.05. This trade represents a 7.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.66% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EXLS. Diversified Trust Co increased its position in ExlService by 5.2% in the 1st quarter. Diversified Trust Co now owns 7,441 shares of the business services provider's stock valued at $227,000 after acquiring an additional 371 shares during the period. QRG Capital Management Inc. grew its stake in shares of ExlService by 3.2% in the second quarter. QRG Capital Management Inc. now owns 14,604 shares of the business services provider's stock worth $378,000 after purchasing an additional 447 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of ExlService by 1.6% in the first quarter. Oregon Public Employees Retirement Fund now owns 32,241 shares of the business services provider's stock worth $982,000 after purchasing an additional 500 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in ExlService by 9.5% in the second quarter. Sequoia Financial Advisors LLC now owns 7,791 shares of the business services provider's stock valued at $201,000 after purchasing an additional 676 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in ExlService by 12.2% in the first quarter. EverSource Wealth Advisors LLC now owns 7,751 shares of the business services provider's stock valued at $236,000 after purchasing an additional 844 shares during the period. 92.92% of the stock is owned by institutional investors.

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.

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