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Anita Mahon, Executive Vice President of ExlService Holdings, Inc. (NASDAQ:EXLS), a $7.75 billion market cap company that has delivered an impressive 50% return over the past year, recently executed a series of stock transactions involving the company’s common stock. On February 28, Mahon sold 2,729 shares at an average price of $48.32 per share, amounting to a total sale value of $131,865. This transaction was part of a pre-established 10b5-1 plan. According to InvestingPro analysis, EXLS currently trades at a P/E ratio of 39x, suggesting a premium valuation relative to earnings.
Additionally, on February 27, Mahon disposed of 2,858 shares at $48.63 per share to cover tax obligations, totaling $138,984. On the same day, she acquired 5,587 shares through the conversion of restricted stock units, which vested as part of the company’s incentive plan. Following these transactions, Mahon holds 105,001 shares directly. The company maintains a strong financial position, with InvestingPro assigning it a "GREAT" overall financial health score, supported by liquid assets exceeding short-term obligations.
In other recent news, ExlService Holdings Inc. reported fourth-quarter 2024 earnings that surpassed market expectations, with revenue reaching $481.4 million and adjusted earnings per share (EPS) of $0.44. This performance marked a significant 16.3% year-over-year revenue increase, and a 26.1% rise in EPS, driven primarily by the company’s strong focus on AI and data services. Needham analysts responded to these results by raising ExlService’s price target from $50 to $60, maintaining a Buy rating, citing strong business momentum and effective AI solution rollouts. Meanwhile, Stifel analysts also maintained a Buy rating with a $48 price target, noting that the company’s 2025 revenue and EPS projections align with the upper end of guidance, despite some uncertainty in estimating margins due to incomplete release information.
ExlService’s digital operations and analytics segments showed robust growth, with digital operations increasing by 18% and analytics by 14% year-over-year. The company added 17 new client logos in the fourth quarter, underscoring demand in the market. Data and AI services accounted for over half of ExlService’s revenue, highlighting the company’s strategic focus on these areas. For 2025, ExlService projects revenue growth of 10-12%, with an adjusted EPS increase of 11-14%, reflecting continued investment in AI and data solutions. Despite a forecasted $10 million foreign exchange headwind, the company’s strategic initiatives and client demand signal a positive outlook according to analysts at Needham and Stifel.
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