ExlService (NASDAQ:EXLS) Price Target Raised to $49.00

ExlService (NASDAQ:EXLS) had its price objective lifted by JPMorgan Chase & Co. from $48.00 to $49.00 in a report published on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the business services provider’s stock.

EXLS has been the topic of a number of other research reports. Weiss Ratings upgraded shares of ExlService from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, October 26th. Needham & Company LLC lifted their price target on shares of ExlService from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday. Wall Street Zen upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Barrington Research set a $43.00 price objective on shares of ExlService in a research report on Thursday, July 30th. Finally, TD Cowen raised their target price on ExlService from $45.00 to $49.00 and gave the company a “buy” rating in a research note on Thursday. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, ExlService has a consensus rating of “Moderate Buy” and a consensus target price of $48.17.

ExlService Stock Performance

ExlService stock opened at $41.43 on Thursday. The stock has a market cap of $6.25 billion, a PE ratio of 24.66, a P/E/G ratio of 1.53 and a beta of 0.84. The company has a quick ratio of 1.24, a current ratio of 2.16 and a debt-to-equity ratio of 0.54. The business’s 50-day moving average price is $37.33 and its two-hundred day moving average price is $32.80. ExlService has a 12-month low of $24.85 and a 12-month high of $43.88.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Tuesday, October 27th. The business services provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.06. ExlService had a net margin of 11.13% and a return on equity of 32.53%. The company had revenue of $633.96 million for the quarter, compared to analyst estimates of $615.51 million. During the same quarter in the previous year, the business earned $0.48 earnings per share. ExlService’s revenue was up 19.7% compared to the same quarter last year. As a group, analysts expect that ExlService will post 1.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ExlService news, insider Vikas Bhalla sold 11,000 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $35.38, for a total value of $389,180.00. Following the completion of the sale, the insider directly owned 109,295 shares of the company’s stock, valued at approximately $3,866,857.10. This represents a 9.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.66% of the company’s stock.

Hedge Funds Weigh In On ExlService

A number of hedge funds and other institutional investors have recently modified their holdings of EXLS. BlackRock Inc. purchased a new stake in ExlService in the second quarter worth $488,370,000. Bank of America Corp DE purchased a new position in shares of ExlService during the 2nd quarter valued at $48,189,000. Fort Washington Investment Advisors Inc. OH increased its holdings in ExlService by 6.2% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,775,966 shares of the business services provider’s stock worth $61,058,000 after acquiring an additional 103,789 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of ExlService in the second quarter valued at approximately $25,214,000. Finally, Amundi boosted its holdings in ExlService by 17.8% in the 2nd quarter. Amundi now owns 907,421 shares of the business services provider’s stock worth $23,466,000 after buying an additional 137,396 shares during the period. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Key Stories Impacting ExlService

Here are the key news stories impacting ExlService this week:

• Positive Sentiment: OpenAI partnership strengthens AI growth narrative. EXL was named an OpenAI Select Partner, giving it access to resources and support to develop, sell, and deliver OpenAI-based solutions. The designation may improve the company’s credibility with enterprise customers and support demand for its data and AI services. EXL named an OpenAI Select Partner
• Positive Sentiment: Analysts continue to raise their expectations. Stifel Nicolaus raised its target to $48, TD Cowen lifted its target to $49, JPMorgan increased its target to $49, and Barrington Research raised its target to $48 while maintaining an outperform rating. These revisions reinforce positive sentiment and imply additional upside, although price targets are not guarantees. TD Cowen raises ExlService price target
• Positive Sentiment: AI-focused product expansion adds another potential growth driver. EXL introduced iMerit Scholars for regulated AI work, highlighting its effort to address specialized data and compliance requirements in industries where accuracy and oversight are important. ExlService debuts iMerit Scholars
• Positive Sentiment: Wall Street sees substantial potential upside. The average analyst price target indicates roughly 45% upside, while recent earnings-estimate revisions suggest improving expectations for EXL’s financial performance. ExlService analyst price target outlook
• Neutral Sentiment: Valuation remains a consideration. A comparison with Nutanix examines which stock offers better value, suggesting investors may weigh EXLS’s growth and AI prospects against its current valuation and the alternatives available in IT services. EXLS versus NTNX value comparison

ExlService Company Profile

ExlService Holdings, Inc, operating under the EXL brand, is a data analytics and digital operations company that helps businesses use data, technology and artificial intelligence to improve decision-making, manage risk and enhance operational performance. Its services include data management, advanced analytics, business process solutions, automation and technology-enabled transformation.

EXL serves clients across industries including insurance, healthcare, banking and capital markets, utilities, travel and transportation, retail, media and manufacturing.