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 report issued on Monday morning.

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

ExlService Price Performance

Shares of ExlService stock opened at $42.12 on Monday. ExlService has a twelve month low of $26.23 and a twelve month high of $42.34. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The firm has a market cap of $6.78 billion, a P/E ratio of 36.95, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99. The firm’s 50-day simple moving average is $38.06 and its 200-day simple moving average is $33.96.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The firm had revenue of $472.07 million for the quarter, compared to analysts’ expectations of $460.73 million. During the same period in the prior year, the business posted $0.30 earnings per share. The business’s revenue was up 14.9% compared to the same quarter last year. As a group, research analysts expect that ExlService will post 1.28 EPS for the current fiscal year.

Insider Activity at ExlService

In other ExlService news, CEO Rohit Kapoor sold 40,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $34.05, for a total value of $1,362,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,509,588 shares of the company’s stock, valued at approximately $51,401,471.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other ExlService news, EVP Anita Mahon sold 25,670 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $35.50, for a total transaction of $911,285.00. Following the sale, the executive vice president now directly owns 68,857 shares of the company’s stock, valued at $2,444,423.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Rohit Kapoor sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $34.05, for a total value of $1,362,000.00. Following the completion of the transaction, the chief executive officer now owns 1,509,588 shares of the company’s stock, valued at approximately $51,401,471.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 134,875 shares of company stock worth $4,716,859 in the last quarter. Corporate insiders own 4.16% of the company’s stock.

Hedge Funds Weigh In On ExlService

A number of institutional investors have recently added to or reduced their stakes in EXLS. Ashton Thomas Securities LLC acquired a new position in shares of ExlService during the 3rd quarter worth about $27,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of ExlService by 164.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock valued at $29,000 after buying an additional 574 shares during the last quarter. New Covenant Trust Company N.A. acquired a new position in shares of ExlService during the 1st quarter worth approximately $30,000. Fidelis Capital Partners LLC acquired a new stake in ExlService during the 1st quarter valued at $43,000. Finally, Headlands Technologies LLC raised its position in shares of 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 purchasing an additional 1,162 shares during the period. 92.92% of the stock is currently owned by institutional investors and hedge funds.

About ExlService

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.