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

Wall Street Zen lowered shares of ExlService (NASDAQ:EXLS) from a buy rating to a hold rating in a report published on Saturday,Wall Street Zen reports.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings raised shares of ExlService from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, September 2nd. TD Cowen reissued a “buy” rating and issued a $45.00 price objective (up from $43.00) on shares of ExlService in a research note on Thursday, August 27th. Needham & Company LLC raised their price objective 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. Barrington Research set a $43.00 price objective on shares of ExlService in a research report on Thursday, July 30th. Finally, Robert W. Baird set a $45.00 target price on shares of ExlService and gave the stock an “outperform” rating in a report on Thursday, July 30th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $44.50.

ExlService Stock Up 1.8%

Shares of EXLS opened at $35.26 on Friday. The business has a 50-day simple moving average of $33.17 and a two-hundred day simple moving average of $30.88. ExlService has a 52 week low of $24.85 and a 52 week high of $44.32. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 1.42 and a beta of 0.81.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. The firm had revenue of $594.76 million for the quarter, compared to analysts’ expectations of $573.94 million. ExlService had a return on equity of 30.61% and a net margin of 11.17%.The business’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 EPS. ExlService has set its FY 2026 guidance at 2.250-2.290 EPS. On average, equities analysts anticipate that ExlService will post 1.82 earnings per share for the current fiscal year.

Insider Transactions at ExlService

In other news, insider Vikas Bhalla sold 11,000 shares of ExlService stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $34.99, for a total transaction of $384,890.00. Following the sale, the insider owned 130,295 shares in the company, valued at $4,559,022.05. This trade represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.66% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ExlService

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fox Run Management L.L.C. bought a new position in ExlService in the 4th quarter valued at $1,455,000. Counterpoint Mutual Funds LLC purchased a new stake in ExlService in the first quarter worth $4,767,000. Rothschild Investment LLC lifted its position in shares of ExlService by 2,883.0% during the fourth quarter. Rothschild Investment LLC now owns 65,894 shares of the business services provider’s stock worth $2,797,000 after purchasing an additional 63,685 shares during the last quarter. OP Asset Management Ltd purchased a new stake in shares of ExlService during the first quarter valued at $3,412,000. Finally, Walleye Capital LLC boosted its stake in shares of ExlService by 1,422.3% during the first quarter. Walleye Capital LLC now owns 244,509 shares of the business services provider’s stock valued at $7,445,000 after purchasing an additional 228,447 shares during the period. Institutional investors own 92.92% of the company’s stock.

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.