ExlService (NASDAQ:EXLS) Given New $50.00 Price Target at Needham & Company LLC

ExlService (NASDAQ:EXLS) had its target price increased by Needham & Company LLC from $40.00 to $50.00 in a report published on Thursday morning, Benzinga reports. Needham & Company LLC currently has a buy rating on the business services provider’s stock.

Several other equities analysts also recently weighed in on the stock. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and increased their price target for the stock from $35.00 to $42.00 in a report on Monday, September 9th. Citigroup raised their target price on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. JPMorgan Chase & Co. increased their price target on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Finally, Robert W. Baird lifted their target price on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.86.

ExlService Stock Down 0.5 %

Shares of NASDAQ EXLS traded down $0.19 during midday trading on Thursday, reaching $41.48. 146,484 shares of the company’s stock traded hands, compared to its average volume of 943,585. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 36.39, a P/E/G ratio of 2.19 and a beta of 1.00. ExlService has a one year low of $26.15 and a one year high of $42.27. The company has a quick ratio of 2.45, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock’s 50 day simple moving average is $37.83 and its 200-day simple moving average is $33.73.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, analysts predict that ExlService will post 1.28 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Rohit Kapoor sold 40,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $34.05, for a total transaction of $1,362,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,509,588 shares in the company, valued at approximately $51,401,471.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Vivek Jetley sold 2,015 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $35.75, for a total transaction of $72,036.25. Following the transaction, the insider now owns 326,642 shares of the company’s stock, valued at approximately $11,677,451.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rohit Kapoor sold 40,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $34.05, for a total transaction of $1,362,000.00. Following the sale, the chief executive officer now directly owns 1,509,588 shares in the company, valued at $51,401,471.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 134,875 shares of company stock worth $4,716,859. 4.16% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ExlService

Several large investors have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. increased its position in shares of ExlService by 164.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock worth $29,000 after acquiring an additional 574 shares during the period. New Covenant Trust Company N.A. purchased a new stake in shares of ExlService during the 1st quarter worth $30,000. Fidelis Capital Partners LLC acquired a new position in shares of ExlService during the first quarter worth $43,000. Headlands Technologies LLC increased its holdings in ExlService by 269.0% in the first quarter. Headlands Technologies LLC now owns 1,594 shares of the business services provider’s stock valued at $51,000 after buying an additional 1,162 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in ExlService by 29.7% in the third quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock valued at $62,000 after buying an additional 375 shares in the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

ExlService Company Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.