ExlService (NASDAQ:EXLS) Upgraded to “Strong-Buy” at Barrington Research
by Scott Moore · The Cerbat GemBarrington Research upgraded shares of ExlService (NASDAQ:EXLS – Free Report) from a hold rating to a strong-buy rating in a report released on Thursday,Zacks.com reports.
Several other research analysts also recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective (down from $55.00) on shares of ExlService in a research report on Wednesday, February 25th. Stifel Nicolaus lowered their price objective on shares of ExlService from $54.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Robert W. Baird set a $35.00 price objective on shares of ExlService in a research report on Wednesday, February 25th. JPMorgan Chase & Co. raised their target price on shares of ExlService from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, TD Cowen reduced their target price on shares of ExlService from $51.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $41.50.
Read Our Latest Stock Analysis on EXLS
ExlService Stock Performance
ExlService stock traded down $0.14 during midday trading on Thursday, hitting $31.74. 2,513,889 shares of the company’s stock were exchanged, compared to its average volume of 2,233,918. ExlService has a 12-month low of $26.94 and a 12-month high of $48.54. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.56 and a current ratio of 2.66. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 1.44 and a beta of 0.89. The firm’s 50 day simple moving average is $30.73 and its 200 day simple moving average is $36.51.
ExlService (NASDAQ:EXLS – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. ExlService had a net margin of 11.66% and a return on equity of 28.50%. The company had revenue of $570.35 million for the quarter, compared to the consensus estimate of $557.67 million. During the same period last year, the firm posted $0.48 EPS. ExlService’s revenue for the quarter was up 13.8% on a year-over-year basis. ExlService has set its FY 2026 guidance at 2.180-2.230 EPS. Equities research analysts predict that ExlService will post 1.76 EPS for the current year.
ExlService announced that its board has approved a stock buyback program on Tuesday, March 17th that permits the company to repurchase $125.00 million in shares. This repurchase authorization permits the business services provider to buy up to 2.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.
Insider Activity at ExlService
In other news, EVP Ajay Ayyappan sold 1,197 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $29.79, for a total value of $35,658.63. Following the completion of the sale, the executive vice president owned 53,901 shares in the company, valued at approximately $1,605,710.79. This trade represents a 2.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.04% of the company’s stock.
Institutional Investors Weigh In On ExlService
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mather Group LLC. purchased a new stake in ExlService during the third quarter worth approximately $25,000. CENTRAL TRUST Co grew its stake in ExlService by 2,428.0% during the third quarter. CENTRAL TRUST Co now owns 632 shares of the business services provider’s stock worth $28,000 after buying an additional 607 shares during the period. Transamerica Financial Advisors LLC grew its stake in ExlService by 285.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 678 shares of the business services provider’s stock worth $29,000 after buying an additional 502 shares during the period. True Wealth Design LLC lifted its position in shares of ExlService by 57.2% during the fourth quarter. True Wealth Design LLC now owns 706 shares of the business services provider’s stock worth $30,000 after purchasing an additional 257 shares in the last quarter. Finally, Private Trust Co. NA lifted its position in shares of ExlService by 56.2% during the fourth quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock worth $30,000 after purchasing an additional 258 shares in the last quarter. 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.