ExlService (NASDAQ:EXLS) Stock Rating Upgraded by StockNews.com

ExlService (NASDAQ:EXLS - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a report issued on Friday.

Several other brokerages have also weighed in on EXLS. Needham & Company LLC raised 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. Citigroup raised their price objective on shares of ExlService from $38.00 to $46.00 and gave the stock a "buy" rating in a report on Monday, October 14th. Finally, 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 report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.86.

ExlService Stock Up 0.2 %

Shares of EXLS stock traded up $0.11 during trading hours on Friday, reaching $47.17. 479,779 shares of the stock were exchanged, compared to its average volume of 797,245. The business's fifty day moving average is $45.58 and its two-hundred day moving average is $39.63. The firm has a market capitalization of $7.59 billion, a P/E ratio of 41.38, a P/E/G ratio of 1.89 and a beta of 1.02. ExlService has a 12-month low of $28.16 and a 12-month high of $47.93. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 10.61% and a return on equity of 23.23%. The company'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. As a group, research analysts expect that ExlService will post 1.27 EPS for the current fiscal year.

Insider Buying and Selling at ExlService

In other ExlService news, CEO Rohit Kapoor sold 100,000 shares of the business's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total transaction of $4,687,000.00. Following the sale, the chief executive officer now directly owns 689,645 shares in the company, valued at approximately $32,323,661.15. The trade was a 12.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vikas Bhalla sold 22,813 shares of the company's stock in a transaction that occurred on Monday, November 4th. The stock was 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 in the company, valued at approximately $4,304,254.50. This represents a 18.16 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 426,458 shares of company stock worth $18,720,514. 4.16% of the stock is owned by company insiders.

Institutional Trading of ExlService

Several institutional investors and hedge funds have recently made changes to their positions in EXLS. Chartwell Investment Partners LLC increased its position in ExlService by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider's stock worth $1,196,000 after purchasing an additional 254 shares during the last quarter. Azzad Asset Management Inc. ADV grew its holdings in ExlService by 1.1% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider's stock valued at $944,000 after purchasing an additional 261 shares in the last quarter. UMB Bank n.a. lifted its holdings in ExlService by 17.6% in the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock worth $85,000 after buying an additional 288 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of ExlService by 3.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider's stock worth $279,000 after acquiring an additional 291 shares in the last quarter. Finally, Dakota Wealth Management boosted its stake in shares of ExlService by 5.0% during the 4th quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider's stock valued at $288,000 after buying an additional 311 shares during the last quarter. 92.92% of the stock is currently 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.