StockNews.com Upgrades ExlService (NASDAQ:EXLS) to Buy

ExlService (NASDAQ:EXLS) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

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

ExlService Stock Up 2.3 %

EXLS stock opened at $43.08 on Monday. The company has a market cap of $6.93 billion, a price-to-earnings ratio of 37.79, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99. The company has a fifty day moving average price of $38.19 and a 200 day moving average price of $34.06. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. ExlService has a 12 month low of $26.23 and a 12 month high of $43.10.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $460.73 million. During the same period in the prior year, the company earned $0.30 earnings per share. The business’s revenue was up 14.9% compared to the same quarter last year. Sell-side analysts expect that ExlService will post 1.28 earnings per share for the current year.

Insider Buying and Selling at ExlService

In related news, CEO Rohit Kapoor sold 40,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 1,509,588 shares in the company, valued at $51,401,471.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Rohit Kapoor sold 40,000 shares of ExlService stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 1,509,588 shares of the company’s stock, valued at $51,401,471.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 transaction of $911,285.00. Following the completion of the sale, the executive vice president now directly owns 68,857 shares in the company, valued at approximately $2,444,423.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 213,875 shares of company stock valued at $8,139,879. Corporate insiders own 4.16% of the company’s stock.

Institutional Investors Weigh In On ExlService

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ashton Thomas Securities LLC acquired a new position in shares of ExlService in the third quarter worth $27,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in ExlService by 164.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 574 shares in the last quarter. New Covenant Trust Company N.A. acquired a new stake in shares of ExlService during the 1st quarter worth about $30,000. Fidelis Capital Partners LLC purchased a new stake in shares of ExlService during the first quarter worth about $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 buying an additional 1,162 shares during the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

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.