ExlService (NASDAQ:EXLS) Rating Increased to Buy at StockNews.com

ExlService (NASDAQ:EXLS) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Several other equities research analysts have also recently weighed in on the company. Robert W. Baird upped their target price on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Needham & Company LLC upped 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. Citigroup lifted their target price 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. increased their target price on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Finally, Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and lifted their price target for the company from $35.00 to $42.00 in a report on Monday, September 9th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $42.86.

ExlService Price Performance

Shares of EXLS traded up $0.12 during trading hours on Tuesday, hitting $44.38. 934,717 shares of the company were exchanged, compared to its average volume of 928,861. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 38.93, a P/E/G ratio of 2.26 and a beta of 1.01. The firm’s fifty day moving average is $44.62 and its 200 day moving average is $38.48. ExlService has a fifty-two week low of $28.16 and a fifty-two week high of $47.37. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS) last released its earnings results on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, beating 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 analyst estimates of $460.73 million. During the same period last year, the firm earned $0.30 EPS. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. On average, equities analysts anticipate that ExlService will post 1.27 earnings per share for the current fiscal year.

Insider Transactions at ExlService

In other news, insider Vikas Bhalla sold 22,813 shares of ExlService stock in a transaction on Monday, November 4th. The shares were sold at an average price of $41.86, for a total transaction of $954,952.18. Following the transaction, the insider now owns 102,825 shares in the company, valued at approximately $4,304,254.50. The trade was a 18.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jaynie M. Studenmund sold 3,645 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total value of $160,562.25. Following the completion of the sale, the director now owns 14,580 shares of the company’s stock, valued at $642,249. The trade was a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 426,458 shares of company stock worth $18,720,514. Insiders own 4.16% of the company’s stock.

Institutional Trading of ExlService

Institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC lifted its position in shares of ExlService by 6.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 74,742 shares of the business services provider’s stock worth $2,344,000 after purchasing an additional 4,446 shares during the period. Van ECK Associates Corp boosted its position in ExlService by 22.0% during the second quarter. Van ECK Associates Corp now owns 77,350 shares of the business services provider’s stock valued at $2,426,000 after acquiring an additional 13,959 shares during the last quarter. Natixis Advisors LLC grew its holdings in ExlService by 6.2% during the 2nd quarter. Natixis Advisors LLC now owns 52,226 shares of the business services provider’s stock worth $1,638,000 after acquiring an additional 3,027 shares during the period. Fiera Capital Corp raised its position in shares of ExlService by 0.9% in the 2nd quarter. Fiera Capital Corp now owns 133,958 shares of the business services provider’s stock worth $4,201,000 after acquiring an additional 1,158 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of ExlService by 24.2% in the 2nd quarter. Victory Capital Management Inc. now owns 48,416 shares of the business services provider’s stock valued at $1,518,000 after purchasing an additional 9,438 shares during the period. 92.92% of the stock is currently owned by institutional investors.

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.