Fintel reports that on May 8, 2024, Wedbush upgraded their outlook for ExlService Holdings (NasdaqGS:EXLS) from Neutral to Outperform.
Analyst Price Forecast Suggests 18.56% Upside
As of May 8, 2024, the average one-year price target for ExlService Holdings is 36.53. The forecasts range from a low of 32.32 to a high of $42.00. The average price target represents an increase of 18.56% from its latest reported closing price of 30.81.
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The projected annual revenue for ExlService Holdings is 1,791MM, an increase of 7.47%. The projected annual non-GAAP EPS is 7.71.
What is the Fund Sentiment?
There are 778 funds or institutions reporting positions in ExlService Holdings. This is an increase of 1 owner(s) or 0.13% in the last quarter. Average portfolio weight of all funds dedicated to EXLS is 0.25%, an increase of 3.86%. Total shares owned by institutions increased in the last three months by 1.38% to 186,745K shares. 
The put/call ratio of EXLS is 0.84, indicating a bullish outlook.
What are Other Shareholders Doing?
Mackenzie Financial holds 6,814K shares representing 4.19% ownership of the company. In its prior filing, the firm reported owning 6,522K shares , representing an increase of 4.28%. The firm increased its portfolio allocation in EXLS by 5.10% over the last quarter.
IJH – iShares Core S&P Mid-Cap ETF holds 5,006K shares representing 3.08% ownership of the company. In its prior filing, the firm reported owning 5,412K shares , representing a decrease of 8.10%. The firm decreased its portfolio allocation in EXLS by 5.94% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 4,952K shares representing 3.05% ownership of the company. In its prior filing, the firm reported owning 4,932K shares , representing an increase of 0.40%. The firm decreased its portfolio allocation in EXLS by 1.28% over the last quarter.
Jpmorgan Chase holds 4,668K shares representing 2.87% ownership of the company. In its prior filing, the firm reported owning 4,392K shares , representing an increase of 5.92%. The firm increased its portfolio allocation in EXLS by 1.84% over the last quarter.
Geneva Capital Management holds 4,585K shares representing 2.82% ownership of the company. In its prior filing, the firm reported owning 4,220K shares , representing an increase of 7.98%. The firm decreased its portfolio allocation in EXLS by 37.46% over the last quarter.
Exlservice Hldgs Background Information
(This description is provided by the company.)
ExlService Holdings Inc. (EXL) is a leading operations management and analytics company that helps its clients build and grow sustainable businesses. By orchestrating its domain expertise, data, analytics and digital technology, EXL looks deeper to design and manage agile, customer-centric operating models to improve global operations, drive profitability, enhance customer satisfaction, increase data-driven insights, and manage risk and compliance. Headquartered in New York, EXL has approximately 31,900 professionals in locations throughout the United States, the United Kingdom, Europe, India, the Philippines, Colombia, Canada, Australia and South Africa. EXL serves customers in multiple industries including insurance, healthcare, banking and financial services, utilities, travel, transportation and logistics, media and retail, among others.
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This story originally appeared on Fintel.
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