ExlService (NASDAQ:EXLS) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of ExlService (NASDAQ:EXLS - Free Report) from a hold rating to a buy rating in a research note issued to investors on Sunday morning.

Several other brokerages have also recently commented on EXLS. Jefferies Financial Group upped their target price on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Robert W. Baird boosted 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. Citigroup increased their price target on ExlService from $38.00 to $46.00 and gave the stock a "buy" rating in a report on Monday, October 14th. Finally, Needham & Company LLC boosted their price objective on ExlService from $40.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, ExlService presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.00.

ExlService Trading Up 2.1 %

Shares of NASDAQ:EXLS traded up $1.06 during midday trading on Friday, hitting $51.72. 1,149,301 shares of the stock were exchanged, compared to its average volume of 977,622. The business's 50-day moving average price is $46.67 and its 200 day moving average price is $41.36. The stock has a market capitalization of $8.32 billion, a price-to-earnings ratio of 45.37, a P/E/G ratio of 2.10 and a beta of 1.03. ExlService has a 12 month low of $28.16 and a 12 month high of $51.84. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02.

Insiders Place Their Bets

In other ExlService news, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total value of $4,687,000.00. Following the completion of the sale, the chief executive officer now owns 689,645 shares in the company, valued at approximately $32,323,661.15. This trade represents a 12.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jaynie M. Studenmund sold 3,645 shares of the business'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 value of $160,562.25. Following the completion of the transaction, the director now owns 14,580 shares in the company, valued at $642,249. The trade was a 20.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 217,398 shares of company stock worth $10,089,385. Insiders own 4.16% of the company's stock.

Institutional Trading of ExlService

A number of hedge funds have recently bought and sold shares of the business. Chartwell Investment Partners LLC boosted its holdings in shares of ExlService by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider's stock worth $1,196,000 after buying an additional 254 shares during the last quarter. Azzad Asset Management Inc. ADV grew its position in shares of 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 acquiring an additional 261 shares during the period. UMB Bank n.a. increased its stake in shares of ExlService by 17.6% during the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock worth $85,000 after purchasing an additional 288 shares during the last quarter. Dakota Wealth Management raised its holdings in shares of ExlService by 5.0% in the 4th quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider's stock worth $288,000 after purchasing an additional 311 shares during the period. Finally, V Square Quantitative Management LLC lifted its stake in ExlService by 5.0% in the third quarter. V Square Quantitative Management LLC now owns 7,482 shares of the business services provider's stock valued at $285,000 after purchasing an additional 359 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors.

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.