ExlService (NASDAQ:EXLS) Price Target Raised to $60.00

ExlService (NASDAQ:EXLS - Free Report) had its target price lifted by Needham & Company LLC from $50.00 to $60.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has a buy rating on the business services provider's stock.

A number of other research firms have also recently commented on EXLS. Jefferies Financial Group raised their target price on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Robert W. Baird boosted their price target on 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 upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research report on Sunday, February 2nd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $47.38.

ExlService Trading Down 1.3 %

Shares of EXLS traded down $0.62 during trading hours on Thursday, hitting $47.83. The company had a trading volume of 1,637,024 shares, compared to its average volume of 1,102,012. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock's 50 day moving average price is $48.13 and its 200 day moving average price is $43.31. The firm has a market cap of $7.69 billion, a P/E ratio of 41.96, a P/E/G ratio of 2.11 and a beta of 1.03. ExlService has a 52-week low of $28.16 and a 52-week high of $52.43.

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

Insider Buying and Selling at ExlService

In related news, EVP Ajay Ayyappan sold 4,989 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $50.70, for a total transaction of $252,942.30. Following the completion of the transaction, the executive vice president now owns 40,986 shares in the company, valued at $2,077,990.20. The trade was a 10.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Maurizio Nicolelli sold 13,753 shares of the firm's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the completion of the transaction, the chief financial officer now directly owns 194,440 shares in the company, 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 a total of 34,928 shares of company stock worth $1,762,344 over the last ninety days. Company insiders own 4.16% of the company's stock.

Institutional Investors Weigh In On ExlService

Several hedge funds have recently modified their holdings of EXLS. Private Advisor Group LLC lifted its position in shares of ExlService by 7.8% during the third quarter. Private Advisor Group LLC now owns 10,218 shares of the business services provider's stock valued at $390,000 after buying an additional 742 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of ExlService by 5.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,345 shares of the business services provider's stock worth $509,000 after buying an additional 653 shares during the last quarter. State of Alaska Department of Revenue grew its position in ExlService by 5.3% during the third quarter. State of Alaska Department of Revenue now owns 18,750 shares of the business services provider's stock valued at $715,000 after buying an additional 940 shares during the period. US Bancorp DE boosted its position in ExlService by 17.2% during the third quarter. US Bancorp DE now owns 19,163 shares of the business services provider's stock worth $731,000 after purchasing an additional 2,818 shares in the last quarter. Finally, Oak Ridge Investments LLC grew its stake in ExlService by 54.3% in the 3rd quarter. Oak Ridge Investments LLC now owns 321,310 shares of the business services provider's stock valued at $12,258,000 after acquiring an additional 113,084 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.