Robert W. Baird Issues Positive Forecast for ExlService (NASDAQ:EXLS) Stock Price

ExlService (NASDAQ:EXLS) had its price objective lifted by Robert W. Baird from $40.00 to $44.00 in a report published on Thursday, Benzinga reports. Robert W. Baird currently has a neutral rating on the business services provider’s stock.

Several other analysts also recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price target on shares of ExlService in a research note on Friday, August 2nd. Citigroup increased their price target on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. lifted their price objective 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. Finally, Jefferies Financial Group upgraded ExlService from a “hold” rating to a “buy” rating and lifted their price target for the stock from $35.00 to $42.00 in a report on Monday, September 9th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, ExlService currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.86.

ExlService Trading Down 0.5 %

NASDAQ EXLS traded down $0.19 during trading on Thursday, reaching $41.48. 146,484 shares of the stock traded hands, compared to its average volume of 943,585. The stock’s 50-day moving average price is $37.83 and its 200 day moving average price is $33.73. The firm has a market cap of $6.70 billion, a price-to-earnings ratio of 36.39, a price-to-earnings-growth ratio of 2.19 and a beta of 1.00. ExlService has a fifty-two week low of $26.15 and a fifty-two week high of $42.27. The company has a quick ratio of 2.45, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The firm had revenue of $472.07 million for the quarter, compared to the consensus estimate of $460.73 million. During the same period last year, the company posted $0.30 EPS. The business’s quarterly revenue was up 14.9% on a year-over-year basis. Analysts predict that ExlService will post 1.28 EPS for the current year.

Insider Activity at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 21,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $34.38, for a total value of $721,980.00. Following the sale, the executive vice president now owns 29,909 shares in the company, valued at $1,028,271.42. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Ajay Ayyappan sold 21,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $34.38, for a total value of $721,980.00. Following the transaction, the executive vice president now owns 29,909 shares in the company, valued at $1,028,271.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Anita Mahon sold 25,670 shares of the company’s 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 sale, the executive vice president now owns 68,857 shares in the company, 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 three months, insiders have sold 134,875 shares of company stock valued at $4,716,859. 4.16% of the stock is owned by insiders.

Institutional Investors Weigh In On ExlService

Several hedge funds and other institutional investors have recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. raised its holdings in ExlService by 164.0% during the second 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 last quarter. New Covenant Trust Company N.A. acquired a new position in ExlService during the 1st quarter valued at about $30,000. Fidelis Capital Partners LLC bought a new stake in ExlService during the 1st quarter worth approximately $43,000. Headlands Technologies LLC raised its stake 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 worth $51,000 after purchasing an additional 1,162 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of ExlService by 28.7% in the second quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 391 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

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.