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

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

A number of other equities research analysts have also commented on the stock. Needham & Company LLC raised their price objective on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Robert W. Baird boosted 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. JPMorgan Chase & Co. upped their price objective on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. 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. Finally, Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and upped their price target for the stock from $35.00 to $42.00 in a research report on Monday, September 9th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.86.

ExlService Trading Up 0.3 %

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

ExlService (NASDAQ:EXLS) last released its quarterly earnings data 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. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business had revenue of $472.07 million for the quarter, compared to analysts’ expectations of $460.73 million. During the same quarter in the previous year, the business posted $0.30 EPS. ExlService’s revenue for the quarter was up 14.9% on a year-over-year basis. Research analysts predict that ExlService will post 1.27 earnings per share for the current fiscal year.

Insider Transactions at ExlService

In related news, Director Jaynie M. Studenmund sold 3,645 shares of the firm’s stock in a transaction dated 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 directly owns 14,580 shares in the company, valued at approximately $642,249. This trade represents a 20.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Vikas Bhalla sold 22,813 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $41.86, for a total value of $954,952.18. Following the transaction, the insider now directly owns 102,825 shares in the company, valued at approximately $4,304,254.50. This trade represents a 18.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 426,458 shares of company stock worth $18,720,514 in the last 90 days. Corporate insiders own 4.16% of the company’s stock.

Hedge Funds Weigh In On ExlService

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. William Blair Investment Management LLC grew its position in shares of ExlService by 46.5% in the second 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 last quarter. Fiera Capital Corp boosted its stake in ExlService by 497.8% in the 3rd quarter. Fiera Capital Corp now owns 800,763 shares of the business services provider’s stock valued at $30,549,000 after purchasing an additional 666,805 shares during the period. Handelsbanken Fonder AB grew its holdings in ExlService by 1,216.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 530,290 shares of the business services provider’s stock valued at $20,231,000 after buying an additional 490,000 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in ExlService during the 3rd quarter worth $17,198,000. Finally, Mackenzie Financial Corp lifted its holdings in shares of ExlService by 3.2% during the second quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock worth $238,869,000 after buying an additional 233,108 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.