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

ExlService (NASDAQ:EXLS) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

EXLS has been the topic of a number of other reports. Weiss Ratings lowered ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. JPMorgan Chase & Co. decreased their price target on ExlService from $56.00 to $52.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $54.50.

ExlService Stock Performance

Shares of NASDAQ:EXLS opened at $41.64 on Friday. The business has a fifty day moving average of $40.25 and a 200-day moving average of $42.71. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.91 and a current ratio of 2.91. ExlService has a twelve month low of $37.30 and a twelve month high of $52.43. The firm has a market cap of $6.61 billion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, October 28th. The business services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. ExlService had a net margin of 11.91% and a return on equity of 25.60%. The firm had revenue of $529.59 million for the quarter, compared to analyst estimates of $522.35 million. During the same quarter in the prior year, the firm earned $0.44 EPS. The company’s revenue was up 12.2% on a year-over-year basis. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. On average, equities research analysts predict that ExlService will post 1.27 EPS for the current fiscal year.

Insider Buying and Selling at ExlService

In related news, insider Vikas Bhalla sold 11,774 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $39.99, for a total value of $470,842.26. Following the sale, the insider directly owned 115,272 shares in the company, valued at $4,609,727.28. This trade represents a 9.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.04% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ExlService

Several large investors have recently bought and sold shares of the company. Ensign Peak Advisors Inc raised its holdings in ExlService by 72.5% in the 2nd quarter. Ensign Peak Advisors Inc now owns 319,868 shares of the business services provider’s stock valued at $14,007,000 after acquiring an additional 134,491 shares during the period. Allworth Financial LP increased its stake in shares of ExlService by 18,533.3% during the second quarter. Allworth Financial LP now owns 43,602 shares of the business services provider’s stock worth $1,909,000 after purchasing an additional 43,368 shares during the period. Advantage Alpha Capital Partners LP bought a new position in shares of ExlService during the second quarter worth approximately $3,560,000. Y Intercept Hong Kong Ltd acquired a new stake in ExlService during the 2nd quarter worth approximately $4,901,000. Finally, Inspire Investing LLC grew its holdings in ExlService by 281.4% in the 2nd quarter. Inspire Investing LLC now owns 27,780 shares of the business services provider’s stock valued at $1,216,000 after buying an additional 20,497 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

About ExlService

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.