Stifel Nicolaus Issues Positive Forecast for ExlService (NASDAQ:EXLS) Stock Price

ExlService (NASDAQ:EXLS - Get Free Report) had its price objective boosted by research analysts at Stifel Nicolaus from $48.00 to $54.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the business services provider's stock. Stifel Nicolaus' price objective suggests a potential upside of 12.90% from the stock's current price.

A number of other brokerages have also recently issued reports on EXLS. Jefferies Financial Group upped their target price on ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. Needham & Company LLC upped their price objective on shares of ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday. Robert W. Baird raised 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. Finally, StockNews.com raised shares of ExlService from a "hold" rating to a "buy" rating in a research report on Sunday, February 2nd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $47.38.

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ExlService Stock Down 1.3 %

Shares of EXLS traded down $0.62 during mid-day trading on Thursday, hitting $47.83. 1,751,593 shares of the company's stock were exchanged, compared to its average volume of 1,102,013. The firm has a fifty day moving average of $48.13 and a two-hundred day moving average of $43.31. ExlService has a twelve month low of $28.16 and a twelve month high of $52.43. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of 41.96, a P/E/G ratio of 2.11 and a beta of 1.03. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.08). ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business had revenue of $481.43 million during the quarter, compared to the consensus estimate of $475.68 million. On average, sell-side analysts forecast that ExlService will post 1.27 earnings per share for the current year.

Insiders Place Their Bets

In other ExlService news, EVP Ajay Ayyappan sold 16,186 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $51.50, for a total value of $833,579.00. Following the completion of the transaction, the executive vice president now owns 40,986 shares of the company's stock, valued at $2,110,779. This represents a 28.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Maurizio Nicolelli sold 13,753 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.14, for a total value of $675,822.42. Following the completion of the sale, the chief financial officer now owns 194,440 shares of the company's stock, valued at $9,554,781.60. This represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,928 shares of company stock worth $1,762,344 in the last ninety days. Insiders own 4.16% of the company's stock.

Institutional Investors Weigh In On ExlService

Several institutional investors and hedge funds have recently bought and sold shares of EXLS. GTS Securities LLC acquired a new stake in ExlService during the fourth quarter valued at approximately $223,000. PharVision Advisers LLC acquired a new stake in ExlService in the 4th quarter valued at $937,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in ExlService by 12.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 477,705 shares of the business services provider's stock valued at $21,201,000 after acquiring an additional 51,113 shares during the period. iSAM Funds UK Ltd acquired a new position in ExlService during the fourth quarter worth $221,000. Finally, Vident Advisory LLC lifted its holdings in shares of ExlService by 10.2% during the fourth quarter. Vident Advisory LLC now owns 15,283 shares of the business services provider's stock valued at $678,000 after acquiring an additional 1,411 shares during the period. 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.