ExlService (NASDAQ:EXLS) Price Target Raised to $43.00

ExlService (NASDAQ:EXLS) had its price target boosted by JPMorgan Chase & Co. from $42.00 to $43.00 in a report published on Thursday morning,Benzinga reports. They currently have an overweight rating on the business services provider’s stock.

EXLS has been the topic of a number of other research reports. Stifel Nicolaus decreased their target price on shares of ExlService from $54.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Barrington Research set a $40.00 target price on shares of ExlService and gave the stock an “outperform” rating in a report on Thursday. Robert W. Baird set a $35.00 target price on shares of ExlService in a report on Wednesday, February 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price (down from $55.00) on shares of ExlService in a report on Wednesday, February 25th. Finally, Wall Street Zen raised shares of ExlService from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $41.50.

ExlService Stock Performance

NASDAQ EXLS opened at $31.74 on Thursday. The company’s 50 day moving average is $30.73 and its 200-day moving average is $36.48. ExlService has a 12-month low of $26.94 and a 12-month high of $48.54. The company has a quick ratio of 2.56, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm has a market cap of $4.85 billion, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 1.43 and a beta of 0.87.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, April 28th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $557.67 million. During the same quarter in the previous year, the firm posted $0.48 earnings per share. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. ExlService has set its FY 2026 guidance at 2.180-2.230 EPS. Sell-side analysts predict that ExlService will post 1.77 earnings per share for the current year.

ExlService announced that its board has authorized a share buyback program on Tuesday, March 17th that permits the company to buyback $125.00 million in outstanding shares. This buyback authorization permits the business services provider to reacquire up to 2.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other news, EVP Ajay Ayyappan sold 1,197 shares of the 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 transaction, the executive vice president owned 53,901 shares of the company’s stock, valued at $1,605,710.79. This represents a 2.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.04% of the company’s stock.

Hedge Funds Weigh In On ExlService

A number of institutional investors have recently made changes to their positions in EXLS. Empowered Funds LLC increased its holdings in shares of ExlService by 277.7% in the 1st quarter. Empowered Funds LLC now owns 17,384 shares of the business services provider’s stock worth $821,000 after buying an additional 12,781 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of 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 worth $23,486,000 after buying an additional 19,769 shares during the last quarter. Jane Street Group LLC bought a new position in shares of ExlService in the 1st quarter worth $10,084,000. EverSource Wealth Advisors LLC increased its holdings in shares of ExlService by 575.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,883 shares of the business services provider’s stock worth $126,000 after buying an additional 2,456 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of ExlService in the 2nd quarter worth $1,704,000. Institutional investors own 92.92% of the company’s stock.

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.