ExlService (NASDAQ:EXLS) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of ExlService (NASDAQ:EXLS) from a hold rating to a buy rating in a research note released on Wednesday.

EXLS has been the topic of a number of other reports. Robert W. Baird upped their target price on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Citigroup raised their price target on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and lifted their target price for the company from $35.00 to $42.00 in a research report on Monday, September 9th. Needham & Company LLC increased their price target on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. increased their price target on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, September 6th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.86.

ExlService Stock Performance

NASDAQ:EXLS opened at $46.16 on Wednesday. The firm has a 50 day moving average of $39.37 and a 200-day moving average of $34.72. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $7.43 billion, a P/E ratio of 40.49, a price-to-earnings-growth ratio of 2.28 and a beta of 0.99. ExlService has a 1 year low of $27.10 and a 1 year high of $47.32.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. The business had revenue of $472.07 million for the quarter, compared to the consensus estimate of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 EPS. As a group, sell-side analysts anticipate that ExlService will post 1.27 EPS for the current fiscal year.

Insider Transactions at ExlService

In related news, EVP Anita Mahon sold 25,670 shares of ExlService stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $35.50, for a total value of $911,285.00. Following the transaction, the executive vice president now directly owns 68,857 shares of the company’s stock, valued at $2,444,423.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Rohit Kapoor sold 100,000 shares of ExlService stock in a transaction on Friday, November 1st. The shares were sold at an average price of $41.45, for a total transaction of $4,145,000.00. Following the transaction, the chief executive officer now owns 1,290,240 shares in the company, valued at approximately $53,480,448. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Anita Mahon sold 25,670 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $35.50, for a total value of $911,285.00. Following the completion of the sale, the executive vice president now directly owns 68,857 shares of the company’s stock, valued at approximately $2,444,423.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 383,483 shares of company stock valued at $16,050,537. Company insiders own 4.16% of the company’s stock.

Institutional Trading of ExlService

Institutional investors have recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC acquired a new position in ExlService in the third quarter valued at $27,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of ExlService by 164.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock worth $29,000 after buying an additional 574 shares during the period. New Covenant Trust Company N.A. bought a new stake in shares of ExlService in the 1st quarter valued at $30,000. Huntington National Bank lifted its position in shares of ExlService by 2,827.5% during the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 1,131 shares during the period. Finally, Headlands Technologies LLC boosted its stake in ExlService by 269.0% during the first quarter. Headlands Technologies LLC now owns 1,594 shares of the business services provider’s stock worth $51,000 after acquiring an additional 1,162 shares in the last quarter. 92.92% of the stock is currently owned by 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.