ExlService (NASDAQ:EXLS) Raised to Buy at StockNews.com

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

Several other research analysts have also issued reports on EXLS. Citigroup increased their price objective on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Robert W. Baird raised their price objective on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $35.00 to $42.00 in a research note on Monday, September 9th. JPMorgan Chase & Co. increased their target price on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Finally, Needham & Company LLC boosted 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 equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, ExlService currently has an average rating of “Moderate Buy” and an average target price of $42.86.

ExlService Stock Performance

EXLS traded down $0.66 during trading on Wednesday, hitting $46.16. The stock had a trading volume of 891,938 shares, compared to its average volume of 955,032. 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 12 month low of $27.10 and a 12 month high of $47.32. The company has a 50 day simple moving average of $39.37 and a 200-day simple moving average of $34.72. The firm has a market cap of $7.43 billion, a PE ratio of 40.49, a P/E/G ratio of 2.28 and a beta of 0.99.

ExlService (NASDAQ:EXLS) last released its earnings results on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, beating 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 firm had revenue of $472.07 million during the quarter, compared to analysts’ expectations of $460.73 million. During the same period in the prior year, the company earned $0.30 EPS. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. Analysts expect that ExlService will post 1.27 EPS for the current year.

Insider Buying and Selling at ExlService

In related news, insider Vivek Jetley sold 2,015 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $35.75, for a total transaction of $72,036.25. Following the completion of the transaction, the insider now directly owns 326,642 shares in the company, valued at approximately $11,677,451.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other ExlService news, EVP Anita Mahon sold 25,670 shares of the firm’s 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 completion of the transaction, the executive vice president now directly owns 68,857 shares in the company, valued at $2,444,423.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Vivek Jetley sold 2,015 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $35.75, for a total value of $72,036.25. Following the sale, the insider now owns 326,642 shares in the company, valued at approximately $11,677,451.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 385,498 shares of company stock valued at $16,122,573 in the last 90 days. 4.16% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ExlService

Hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its position in shares of ExlService by 5.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 13,863 shares of the business services provider’s stock valued at $441,000 after acquiring an additional 682 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in ExlService by 5.5% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 13,809 shares of the business services provider’s stock worth $439,000 after buying an additional 723 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in ExlService by 94.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 19,369 shares of the business services provider’s stock valued at $616,000 after buying an additional 9,384 shares during the period. Headlands Technologies LLC lifted its position in shares of ExlService by 269.0% in the first quarter. Headlands Technologies LLC now owns 1,594 shares of the business services provider’s stock valued at $51,000 after buying an additional 1,162 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of ExlService by 18.2% during the 1st quarter. Russell Investments Group Ltd. now owns 257,029 shares of the business services provider’s stock worth $8,174,000 after acquiring an additional 39,537 shares during the period. 92.92% of the stock is owned by institutional investors.

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.