Wall Street Zen Upgrades ExlService (NASDAQ:EXLS) to “Buy”

ExlService (NASDAQ:EXLS) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

EXLS has been the topic of several other research reports. TD Cowen decreased their target price on ExlService from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ExlService in a report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, ExlService presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

ExlService Stock Up 1.6%

Shares of EXLS stock opened at $31.70 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.91 and a quick ratio of 2.91. ExlService has a one year low of $31.01 and a one year high of $52.43. The company’s fifty day moving average price is $41.01 and its 200-day moving average price is $41.60. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 1.26 and a beta of 0.88.

Insider Buying and Selling

In other ExlService news, insider Vikas Bhalla sold 11,774 shares of the stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $39.99, for a total transaction of $470,842.26. Following the completion of the transaction, the insider owned 115,272 shares in the company, valued at $4,609,727.28. This trade represents a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ajay Ayyappan sold 8,114 shares of ExlService stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $42.53, for a total transaction of $345,088.42. Following the completion of the transaction, the executive vice president directly owned 53,515 shares of the company’s stock, valued at $2,275,992.95. The trade was a 13.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.04% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EXLS. Securian Asset Management Inc. raised its position in ExlService by 1.9% during the second quarter. Securian Asset Management Inc. now owns 12,390 shares of the business services provider’s stock valued at $543,000 after purchasing an additional 228 shares during the period. Huntington National Bank boosted its holdings in shares of ExlService by 14.4% in the 2nd quarter. Huntington National Bank now owns 1,953 shares of the business services provider’s stock worth $86,000 after purchasing an additional 246 shares during the period. Blue Trust Inc. increased its position in shares of ExlService by 6.9% during the 2nd quarter. Blue Trust Inc. now owns 3,914 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 254 shares during the last quarter. True Wealth Design LLC raised its holdings in ExlService by 57.2% during the 4th quarter. True Wealth Design LLC now owns 706 shares of the business services provider’s stock valued at $30,000 after buying an additional 257 shares during the period. Finally, Private Trust Co. NA lifted its position in ExlService by 56.2% in the fourth quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock worth $30,000 after buying an additional 258 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.

ExlService Company Profile

ExlService Holdings, Inc (NASDAQ: EXLS) is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.