TD Cowen Lowers ExlService (NASDAQ:EXLS) Price Target to $51.00

ExlService (NASDAQ:EXLS) had its price target cut by equities research analysts at TD Cowen from $52.00 to $51.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. TD Cowen’s price objective suggests a potential upside of 19.49% from the company’s previous close.

A number of other research firms also recently weighed in on EXLS. Wall Street Zen upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Weiss Ratings downgraded ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, ExlService has a consensus rating of “Moderate Buy” and a consensus target price of $53.80.

ExlService Stock Down 0.0%

EXLS stock opened at $42.68 on Friday. The stock has a market capitalization of $6.77 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 1.72 and a beta of 0.91. The company has a fifty day moving average of $40.92 and a 200-day moving average of $42.17. 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 one year low of $37.30 and a one year high of $52.43.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, October 28th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $522.35 million. During the same period in the prior year, the company posted $0.44 earnings per share. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. As a group, analysts expect that ExlService will post 1.27 EPS for the current year.

Insiders Place Their Bets

In other news, insider Vikas Bhalla sold 11,774 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $39.99, for a total value of $470,842.26. Following the completion of the transaction, the insider owned 115,272 shares in the company, valued at $4,609,727.28. This trade represents a 9.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 4.04% of the company’s stock.

Hedge Funds Weigh In On ExlService

Several hedge funds have recently added to or reduced their stakes in the business. Ensign Peak Advisors Inc grew its position in ExlService by 72.5% during the second 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 lifted its stake in shares of ExlService by 18,533.3% in the 2nd quarter. Allworth Financial LP now owns 43,602 shares of the business services provider’s stock valued at $1,909,000 after purchasing an additional 43,368 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of ExlService by 17.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 224,783 shares of the business services provider’s stock worth $9,825,000 after purchasing an additional 33,067 shares during the period. Advantage Alpha Capital Partners LP acquired a new stake in ExlService during the 2nd quarter worth approximately $3,560,000. Finally, CWM LLC raised its holdings in ExlService by 261.5% in the third quarter. CWM LLC now owns 74,164 shares of the business services provider’s stock valued at $3,265,000 after buying an additional 53,651 shares during the period. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

ExlService Company Profile

ExlService Holdings, Inc (NASDAQ: EXLS) is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.