Jefferies Financial Group Raises ExlService (NASDAQ:EXLS) Price Target to $57.00

ExlService (NASDAQ:EXLS) had its price target lifted by Jefferies Financial Group from $47.00 to $57.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

EXLS has been the topic of several other research reports. Robert W. Baird upped their target price on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Needham & Company LLC increased their price objective on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Citigroup lifted their target price on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Finally, StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a report on Friday, January 17th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $45.00.

ExlService Stock Down 1.3 %

EXLS stock opened at $49.12 on Tuesday. ExlService has a fifty-two week low of $28.16 and a fifty-two week high of $50.11. The company has a market capitalization of $7.90 billion, a price-to-earnings ratio of 43.09, a price-to-earnings-growth ratio of 2.08 and a beta of 1.02. The business’s 50 day moving average price is $45.74 and its two-hundred day moving average price is $40.16. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02.

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

Insider Activity

In other ExlService news, CEO Rohit Kapoor sold 100,000 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $42.07, for a total value of $4,207,000.00. Following the completion of the transaction, the chief executive officer now owns 1,190,240 shares in the company, valued at approximately $50,073,396.80. This represents a 7.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jaynie M. Studenmund sold 3,645 shares of the firm’s stock in a transaction that occurred on 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. The trade was a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 426,458 shares of company stock valued at $18,720,514 over the last ninety days. 4.16% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ExlService

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in shares of ExlService in the 3rd quarter valued at approximately $27,000. Huntington National Bank increased its stake in ExlService by 2,827.5% during the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after acquiring an additional 1,131 shares during the last quarter. USA Financial Formulas purchased a new stake in ExlService in the fourth quarter valued at $58,000. UMB Bank n.a. lifted its stake in shares of ExlService by 29.7% in the 3rd quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 375 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of ExlService by 32.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,331 shares of the business services provider’s stock worth $89,000 after purchasing an additional 576 shares during the period. Hedge funds and other institutional investors own 92.92% of the company’s stock.

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.