ExlService (NASDAQ:EXLS) Stock Rating Reaffirmed by Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of ExlService (NASDAQ:EXLS) in a report released on Friday, Benzinga reports. They currently have a $40.00 price target on the business services provider’s stock.

Other equities research analysts also recently issued reports about the stock. Wedbush reaffirmed a neutral rating and issued a $34.00 target price on shares of ExlService in a research note on Wednesday, May 1st. StockNews.com cut shares of ExlService from a buy rating to a hold rating in a research report on Thursday, February 29th. Citigroup cut their target price on shares of ExlService from $38.00 to $37.00 and set a buy rating for the company in a research report on Monday, April 22nd. Finally, TD Cowen raised their price target on ExlService from $36.00 to $37.00 and gave the company an outperform rating in a research report on Tuesday, April 2nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, ExlService has a consensus rating of Moderate Buy and an average target price of $36.14.

ExlService Stock Up 0.9 %

Shares of NASDAQ:EXLS opened at $29.92 on Friday. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 1.55 and a beta of 1.00. ExlService has a one year low of $25.17 and a one year high of $33.40. The firm has a fifty day moving average price of $30.53 and a two-hundred day moving average price of $29.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 2.54.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Thursday, February 29th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). The business had revenue of $414.06 million for the quarter, compared to the consensus estimate of $408.56 million. ExlService had a net margin of 10.92% and a return on equity of 23.13%. Analysts anticipate that ExlService will post 1.3 EPS for the current fiscal year.

Insider Activity

In other ExlService news, EVP Vikas Bhalla sold 23,760 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $31.51, for a total value of $748,677.60. Following the transaction, the executive vice president now owns 127,046 shares in the company, valued at $4,003,219.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other ExlService news, EVP Ajay Ayyappan sold 9,259 shares of ExlService stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total transaction of $292,491.81. Following the sale, the executive vice president now directly owns 50,693 shares of the company’s stock, valued at approximately $1,601,391.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Vikas Bhalla sold 23,760 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total value of $748,677.60. Following the transaction, the executive vice president now owns 127,046 shares in the company, valued at approximately $4,003,219.46. The disclosure for this sale can be found here. Insiders own 3.75% of the company’s stock.

Institutional Investors Weigh In On ExlService

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in ExlService by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 17,015,630 shares of the business services provider’s stock valued at $524,932,000 after buying an additional 180,928 shares during the period. FMR LLC boosted its stake in ExlService by 407.4% during the third quarter. FMR LLC now owns 9,605,650 shares of the business services provider’s stock worth $269,342,000 after acquiring an additional 7,712,359 shares in the last quarter. Wellington Management Group LLP grew its holdings in ExlService by 367.2% in the third quarter. Wellington Management Group LLP now owns 8,639,488 shares of the business services provider’s stock worth $242,251,000 after purchasing an additional 6,790,373 shares during the period. Mackenzie Financial Corp increased its stake in shares of ExlService by 4.5% during the fourth quarter. Mackenzie Financial Corp now owns 6,813,597 shares of the business services provider’s stock valued at $210,199,000 after purchasing an additional 291,734 shares in the last quarter. Finally, Geneva Capital Management LLC lifted its holdings in shares of ExlService by 8.7% during the first quarter. Geneva Capital Management LLC now owns 4,585,428 shares of the business services provider’s stock valued at $145,817,000 after purchasing an additional 365,776 shares during 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.