ExlService (NASDAQ:EXLS) Price Target Raised to $54.00

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

A number of other equities research analysts also recently weighed in on the company. Robert W. Baird lifted their target price on 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 raised their price target on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Needham & Company LLC lifted their target price on shares of ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday. Finally, StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.38.

ExlService Price Performance

NASDAQ EXLS opened at $48.45 on Thursday. ExlService has a fifty-two week low of $28.16 and a fifty-two week high of $52.43. The stock’s 50-day moving average is $48.13 and its two-hundred day moving average is $43.19. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The firm has a market cap of $7.79 billion, a P/E ratio of 42.50, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03.

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

Insider Buying and Selling

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

Institutional Trading of ExlService

A number of institutional investors have recently bought and sold shares of EXLS. Algert Global LLC grew its holdings in shares of ExlService by 18.0% in the 3rd quarter. Algert Global LLC now owns 150,460 shares of the business services provider’s stock valued at $5,740,000 after buying an additional 22,970 shares during the period. Quest Partners LLC grew its holdings in shares of ExlService by 196.8% in the 3rd quarter. Quest Partners LLC now owns 70,015 shares of the business services provider’s stock valued at $2,671,000 after buying an additional 46,422 shares during the period. Eagle Asset Management Inc. grew its holdings in shares of ExlService by 4.3% in the 3rd quarter. Eagle Asset Management Inc. now owns 711,995 shares of the business services provider’s stock valued at $27,163,000 after buying an additional 29,510 shares during the period. Assetmark Inc. grew its holdings in shares of ExlService by 107,991.3% in the 3rd quarter. Assetmark Inc. now owns 24,861 shares of the business services provider’s stock valued at $948,000 after buying an additional 24,838 shares during the period. Finally, Walleye Capital LLC acquired a new position in shares of ExlService in the 3rd quarter valued at $1,543,000. 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.