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

StockNews.com upgraded shares of ExlService (NASDAQ:EXLS) from a hold rating to a buy rating in a report released on Monday morning.

Several other analysts also recently weighed in on EXLS. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and boosted their target price for the company from $35.00 to $42.00 in a report on Monday, September 9th. Citigroup boosted their target price on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Needham & Company LLC boosted their target price on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Robert W. Baird upped their price target on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. upped their price target on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.86.

ExlService Trading Up 4.8 %

EXLS opened at $45.15 on Monday. ExlService has a 12 month low of $26.23 and a 12 month high of $45.44. The stock has a market capitalization of $7.26 billion, a price-to-earnings ratio of 39.61, a PEG ratio of 2.05 and a beta of 0.99. 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 business has a fifty day moving average price of $38.37 and a 200 day moving average price of $34.14.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. The business had revenue of $472.07 million during 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 quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS. Sell-side analysts expect that ExlService will post 1.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ExlService news, insider Vikas Bhalla sold 11,190 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $34.25, for a total transaction of $383,257.50. Following the transaction, the insider now owns 100,866 shares of the company’s stock, valued at $3,454,660.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Vikas Bhalla sold 11,190 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $34.25, for a total value of $383,257.50. Following the transaction, the insider now directly owns 100,866 shares of the company’s stock, valued at approximately $3,454,660.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $41.45, for a total value of $4,145,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,290,240 shares in the company, valued at $53,480,448. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 296,688 shares of company stock valued at $11,939,831 in the last quarter. 4.16% of the stock is currently owned by company insiders.

Institutional Trading of ExlService

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of ExlService by 0.9% during the first quarter. Vanguard Group Inc. now owns 17,176,353 shares of the business services provider’s stock valued at $546,208,000 after acquiring an additional 160,723 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in ExlService by 3.2% in the second quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock worth $238,869,000 after acquiring an additional 233,108 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in 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 worth $159,871,000 after acquiring an additional 1,618,003 shares during the last quarter. Geneva Capital Management LLC lifted its holdings in ExlService by 1.9% in the third quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock worth $179,092,000 after acquiring an additional 87,592 shares during the last quarter. Finally, Boston Trust Walden Corp raised its holdings in shares of ExlService by 1.2% during the second quarter. Boston Trust Walden Corp now owns 3,760,723 shares of the business services provider’s stock valued at $117,936,000 after buying an additional 46,302 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

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.