ExlService (NASDAQ:EXLS) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of ExlService (NASDAQ:EXLS) from a hold rating to a buy rating in a research report report published on Wednesday.

A number of other research firms have also recently weighed in on EXLS. Robert W. Baird raised their price target on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Citigroup raised their target price on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. JPMorgan Chase & Co. raised 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. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and upped their target price for the stock from $35.00 to $42.00 in a research report on Monday, September 9th. Finally, Needham & Company LLC raised their price target on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.86.

ExlService Stock Performance

Shares of NASDAQ:EXLS opened at $44.69 on Wednesday. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 39.20, a price-to-earnings-growth ratio of 2.25 and a beta of 0.99. The business’s fifty day moving average price is $39.75 and its two-hundred day moving average price is $34.94. ExlService has a fifty-two week low of $27.27 and a fifty-two week high of $47.32. 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 (NASDAQ:EXLS) last posted its earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share 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 business had revenue of $472.07 million for the quarter, compared to analyst estimates of $460.73 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. As a group, analysts predict that ExlService will post 1.27 EPS for the current fiscal year.

Insider Buying and Selling at ExlService

In related news, insider Vikas Bhalla sold 22,813 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $41.86, for a total value of $954,952.18. Following the sale, the insider now directly owns 102,825 shares in the company, valued at $4,304,254.50. This trade represents a 18.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Rohit Kapoor sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the transaction, the chief executive officer now owns 1,424,588 shares of the company’s stock, valued at approximately $51,541,593.84. This represents a 2.40 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 483,483 shares of company stock valued at $20,737,537. 4.16% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ExlService

A number of hedge funds and other institutional investors have recently made changes to their positions in EXLS. Vanguard Group Inc. raised its stake in ExlService by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 17,176,353 shares of the business services provider’s stock worth $546,208,000 after buying an additional 160,723 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of ExlService by 3.2% during the 2nd quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock valued at $238,869,000 after purchasing an additional 233,108 shares in the last quarter. State Street Corp lifted its holdings in shares of ExlService by 1.0% during the 3rd quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock valued at $222,693,000 after purchasing an additional 59,196 shares in the last quarter. William Blair Investment Management LLC grew its position in shares of ExlService by 46.5% in the 2nd quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider’s stock valued at $159,871,000 after purchasing an additional 1,618,003 shares during the period. Finally, Geneva Capital Management LLC increased its stake in ExlService by 1.9% during the 3rd quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock worth $179,092,000 after purchasing an additional 87,592 shares in the last quarter. 92.92% of the stock is 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.