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 note issued to investors on Wednesday morning.

A number of other equities research analysts also recently weighed in on the company. Robert W. Baird raised their price target on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. 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. Needham & Company LLC boosted their target price on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Citigroup raised their price target on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a report on Monday, October 14th. Finally, Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and upped their price objective for the stock 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 stock. Based on data from MarketBeat.com, ExlService presently has a consensus rating of “Moderate Buy” and an average price target of $42.86.

ExlService Stock Performance

Shares of EXLS stock opened at $44.69 on Wednesday. The company has a market capitalization of $7.19 billion, a price-to-earnings ratio of 39.20, a P/E/G ratio of 2.25 and a beta of 0.99. ExlService has a 1-year low of $27.27 and a 1-year high of $47.32. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock’s fifty day simple moving average is $39.75 and its 200-day simple moving average is $34.94.

ExlService (NASDAQ:EXLS) last released its earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The company had revenue of $472.07 million for the quarter, compared to analysts’ expectations of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 EPS. On average, sell-side analysts predict that ExlService will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ExlService news, EVP Anita Mahon sold 25,670 shares of ExlService stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $35.50, for a total value of $911,285.00. Following the transaction, the executive vice president now directly owns 68,857 shares of the company’s stock, valued at $2,444,423.50. The trade was a 27.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Rohit Kapoor sold 35,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $36.18, for a total value of $1,266,300.00. Following the completion of the sale, the chief executive officer now directly owns 1,424,588 shares of the company’s stock, valued at $51,541,593.84. This represents a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 483,483 shares of company stock worth $20,737,537 in the last quarter. 4.16% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EXLS. Ashton Thomas Securities LLC acquired a new stake in ExlService during the third quarter worth about $27,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of ExlService by 164.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock worth $29,000 after purchasing an additional 574 shares in the last quarter. New Covenant Trust Company N.A. bought a new stake in shares of ExlService during the first quarter valued at approximately $30,000. Huntington National Bank raised its stake in shares of ExlService by 2,827.5% in the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 1,131 shares in the last quarter. Finally, Headlands Technologies LLC lifted its position in 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 period. Institutional investors own 92.92% of the company’s stock.

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.