ExlService (NASDAQ:EXLS) Given New $50.00 Price Target at Needham & Company LLC

ExlService (NASDAQ:EXLS - Get Free Report) had its price objective hoisted by stock analysts at Needham & Company LLC from $40.00 to $50.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a "buy" rating on the business services provider's stock. Needham & Company LLC's price objective indicates a potential upside of 19.99% from the company's current price.

A number of other research firms have also commented on EXLS. Jefferies Financial Group upgraded shares of ExlService from a "hold" rating to a "buy" rating and upped their price target for the company from $35.00 to $42.00 in a report on Monday, September 9th. Robert W. Baird upped their price target on shares of ExlService from $40.00 to $44.00 and gave the company a "neutral" rating in a report on Thursday. Citigroup upped their price target on shares of ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a report on Monday, October 14th. Finally, JPMorgan Chase & Co. upped their price target on shares of ExlService from $38.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, September 6th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $42.86.

ExlService Trading Up 0.0 %

Shares of EXLS traded up $0.02 during mid-day trading on Thursday, reaching $41.67. The company's stock had a trading volume of 1,562,435 shares, compared to its average volume of 947,066. The stock has a market cap of $6.98 billion, a PE ratio of 38.87, a P/E/G ratio of 2.07 and a beta of 1.00. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.30. ExlService has a 52 week low of $25.40 and a 52 week high of $42.27. The company's fifty day moving average price is $37.71 and its two-hundred day moving average price is $33.67.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. The firm had revenue of $448.40 million during the quarter, compared to analyst estimates of $444.61 million. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The business's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 EPS. On average, analysts predict that ExlService will post 1.28 earnings per share for the current fiscal year.

Insider Buying and Selling at ExlService

In other ExlService news, CEO Rohit Kapoor sold 40,000 shares of the business's stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $34.05, for a total transaction of $1,362,000.00. Following the transaction, the chief executive officer now directly owns 1,509,588 shares of the company's stock, valued at approximately $51,401,471.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other ExlService news, CEO Rohit Kapoor sold 40,000 shares of the business's stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $34.05, for a total transaction of $1,362,000.00. Following the transaction, the chief executive officer now directly owns 1,509,588 shares of the company's stock, valued at approximately $51,401,471.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anita Mahon sold 25,670 shares of the business's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $35.50, for a total transaction of $911,285.00. Following the transaction, the executive vice president now directly owns 68,857 shares in the company, valued at approximately $2,444,423.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 134,875 shares of company stock valued at $4,716,859. 3.75% of the stock is currently owned by company insiders.

Institutional Trading of ExlService

Hedge funds and other institutional investors have recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. grew its position in shares of ExlService by 164.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider's stock worth $29,000 after buying an additional 574 shares during the period. New Covenant Trust Company N.A. purchased a new stake in shares of ExlService in the 1st quarter worth about $30,000. Fidelis Capital Partners LLC bought a new position in ExlService in the 1st quarter worth about $43,000. Headlands Technologies LLC boosted its stake in ExlService by 269.0% in the 1st quarter. Headlands Technologies LLC now owns 1,594 shares of the business services provider's stock worth $51,000 after purchasing an additional 1,162 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in ExlService by 28.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider's stock worth $55,000 after purchasing an additional 391 shares in the last quarter. 92.92% of the stock is 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.