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 note issued to investors on Thursday.

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

ExlService Stock Up 0.5 %

EXLS traded up $0.25 on Thursday, hitting $46.50. The company had a trading volume of 734,689 shares, compared to its average volume of 941,704. ExlService has a 12-month low of $28.16 and a 12-month high of $47.37. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of 40.79, a P/E/G ratio of 2.24 and a beta of 1.01. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The stock has a fifty day moving average price of $42.38 and a 200-day moving average price of $36.42.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business had revenue of $472.07 million for the quarter, compared to analyst estimates of $460.73 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The company's revenue was up 14.9% on a year-over-year basis. Analysts predict that ExlService will post 1.27 EPS for the current fiscal year.

Insider Buying and Selling at ExlService

In other news, Director Jaynie M. Studenmund sold 3,645 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total transaction of $160,562.25. Following the completion of the transaction, the director now directly owns 14,580 shares of the company's stock, valued at $642,249. This represents a 20.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Rohit Kapoor sold 100,000 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 1,290,240 shares of the company's stock, valued at approximately $53,480,448. The trade was a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 426,458 shares of company stock valued at $18,720,514. 4.16% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in EXLS. William Blair Investment Management LLC raised its stake in shares of ExlService by 46.5% during the 2nd quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider's stock worth $159,871,000 after buying an additional 1,618,003 shares during the period. Fiera Capital Corp increased its position in shares of ExlService by 497.8% during the third quarter. Fiera Capital Corp now owns 800,763 shares of the business services provider's stock worth $30,549,000 after purchasing an additional 666,805 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of ExlService by 1,216.2% during the third quarter. Handelsbanken Fonder AB now owns 530,290 shares of the business services provider's stock worth $20,231,000 after purchasing an additional 490,000 shares in the last quarter. Loomis Sayles & Co. L P purchased a new stake in shares of ExlService during the third quarter worth approximately $17,198,000. Finally, Mackenzie Financial Corp increased its position in shares of ExlService by 3.2% during the second quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider's stock worth $238,869,000 after purchasing an additional 233,108 shares in the last quarter. 92.92% of the stock is 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.