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 report published on Friday.

EXLS has been the subject of a number of other reports. 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. Needham & Company LLC lifted their target price on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Citigroup increased their price target on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.86.

ExlService Stock Up 0.2 %

EXLS stock opened at $47.15 on Friday. 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’s fifty day simple moving average is $45.60 and its 200-day simple moving average is $39.85. ExlService has a 12 month low of $28.16 and a 12 month high of $47.93. The company has a market capitalization of $7.59 billion, a P/E ratio of 41.36, a price-to-earnings-growth ratio of 1.89 and a beta of 1.02.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. The company had revenue of $472.07 million for the quarter, compared to the consensus estimate of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period last year, the firm earned $0.30 EPS. As a group, equities research analysts forecast that ExlService will post 1.27 earnings per share for the current year.

Insider Buying and Selling at ExlService

In related news, CEO Rohit Kapoor sold 100,000 shares of ExlService stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $42.07, for a total transaction of $4,207,000.00. Following the transaction, the chief executive officer now owns 1,190,240 shares in the company, valued at approximately $50,073,396.80. This trade represents a 7.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Vikas Bhalla sold 22,813 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $41.86, for a total value of $954,952.18. Following the completion of the sale, the insider now owns 102,825 shares of the company’s stock, valued at approximately $4,304,254.50. The trade was a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 426,458 shares of company stock worth $18,720,514. Corporate insiders own 4.16% of the company’s stock.

Hedge Funds Weigh In On ExlService

A number of institutional investors have recently bought and sold shares of the company. Fiera Capital Corp increased its holdings 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 buying an additional 666,805 shares during the last quarter. Handelsbanken Fonder AB increased its stake in ExlService by 1,216.2% during the third quarter. Handelsbanken Fonder AB now owns 530,290 shares of the business services provider’s stock worth $20,231,000 after acquiring an additional 490,000 shares during the last quarter. Loomis Sayles & Co. L P acquired a new stake in ExlService during the third quarter worth $17,198,000. Mackenzie Financial Corp lifted its stake in shares of ExlService by 3.2% in the 2nd quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock valued at $238,869,000 after purchasing an additional 233,108 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of ExlService by 317.0% during the 2nd quarter. Renaissance Technologies LLC now owns 255,200 shares of the business services provider’s stock worth $8,003,000 after purchasing an additional 194,000 shares during the period. 92.92% of the stock is owned by hedge funds and other 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.