ExlService (NASDAQ:EXLS) Given New $54.00 Price Target at Stifel Nicolaus

ExlService (NASDAQ:EXLS) had its target price increased by Stifel Nicolaus from $48.00 to $54.00 in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the business services provider’s stock.

Other equities research analysts have also recently issued reports about the stock. Needham & Company LLC boosted their price target on shares of ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday. Robert W. Baird boosted their price target on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Jefferies Financial Group upped their target price on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Finally, StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ExlService has an average rating of “Moderate Buy” and a consensus price target of $47.38.

ExlService Price Performance

Shares of NASDAQ EXLS opened at $48.45 on Thursday. The firm has a market cap of $7.79 billion, a PE ratio of 42.50, a PEG ratio of 2.11 and a beta of 1.03. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService has a 1-year low of $28.16 and a 1-year high of $52.43. The company has a fifty day moving average price of $48.13 and a 200 day moving average price of $43.19.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.08). ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business had revenue of $481.43 million for the quarter, compared to the consensus estimate of $475.68 million. Research analysts predict that ExlService will post 1.27 earnings per share for the current fiscal year.

Insider Activity at ExlService

In related news, EVP Ajay Ayyappan sold 16,186 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $51.50, for a total value of $833,579.00. Following the transaction, the executive vice president now owns 40,986 shares in the company, valued at approximately $2,110,779. This represents a 28.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Maurizio Nicolelli sold 13,753 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.14, for a total transaction of $675,822.42. Following the completion of the transaction, the chief financial officer now owns 194,440 shares in the company, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,928 shares of company stock worth $1,762,344. Insiders own 4.16% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EXLS. FMR LLC grew its stake in ExlService by 39.4% in the 4th quarter. FMR LLC now owns 9,364,312 shares of the business services provider’s stock valued at $415,588,000 after buying an additional 2,647,937 shares during the last quarter. Norges Bank acquired a new position in shares of ExlService during the 4th quarter worth approximately $106,452,000. Handelsbanken Fonder AB grew its position in shares of ExlService by 313.9% during the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider’s stock worth $97,400,000 after purchasing an additional 1,664,400 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of ExlService during the 4th quarter worth approximately $52,852,000. Finally, Fiera Capital Corp grew its position in shares of ExlService by 497.8% during the 3rd quarter. Fiera Capital Corp now owns 800,763 shares of the business services provider’s stock worth $30,549,000 after purchasing an additional 666,805 shares in the last quarter. Institutional investors and hedge funds 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.