ExlService (NASDAQ:EXLS) Given New $51.00 Price Target at TD Cowen

ExlService (NASDAQ:EXLS) had its price objective dropped by investment analysts at TD Cowen from $52.00 to $51.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. TD Cowen’s target price suggests a potential upside of 19.53% from the stock’s current price.

Several other analysts have also recently commented on the company. Weiss Ratings cut ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Wall Street Zen raised shares of ExlService from a “hold” rating to a “buy” rating in a report on Saturday, January 3rd. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $53.80.

ExlService Stock Performance

EXLS traded down $0.02 during trading on Friday, reaching $42.67. 545,785 shares of the company were exchanged, compared to its average volume of 985,167. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.43. ExlService has a 52 week low of $37.30 and a 52 week high of $52.43. The firm has a 50 day moving average of $40.85 and a 200 day moving average of $42.20. The stock has a market cap of $6.77 billion, a P/E ratio of 29.02, a PEG ratio of 1.72 and a beta of 0.91.

ExlService (NASDAQ:EXLS) last posted its earnings results on Tuesday, October 28th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $522.35 million. During the same period in the previous year, the business posted $0.44 EPS. ExlService’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, sell-side analysts forecast that ExlService will post 1.27 EPS for the current fiscal year.

Insider Transactions at ExlService

In other ExlService news, insider Vikas Bhalla sold 11,774 shares of the business’s stock in a transaction dated 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 approximately $4,609,727.28. The trade was a 9.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.04% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ExlService

A number of institutional investors have recently bought and sold shares of the stock. True Wealth Design LLC raised its holdings in ExlService by 57.2% during the 4th quarter. True Wealth Design LLC now owns 706 shares of the business services provider’s stock worth $30,000 after buying an additional 257 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of ExlService by 56.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 44,368 shares of the business services provider’s stock valued at $1,890,000 after acquiring an additional 15,936 shares during the period. Nordea Investment Management AB acquired a new stake in shares of ExlService during the fourth quarter valued at approximately $23,570,000. GAMMA Investing LLC lifted its position in shares of ExlService by 19.5% in the 4th quarter. GAMMA Investing LLC now owns 3,944 shares of the business services provider’s stock valued at $167,000 after acquiring an additional 643 shares in the last quarter. Finally, Tudor Investment Corp ET AL boosted its stake in ExlService by 451.2% in the 3rd quarter. Tudor Investment Corp ET AL now owns 975,894 shares of the business services provider’s stock worth $42,969,000 after purchasing an additional 798,831 shares during the period. Hedge funds and other 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.