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

ExlService (NASDAQ:EXLS - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Monday.

Other equities analysts have also issued research reports about the stock. Needham & Company LLC lifted their price target on shares of ExlService from $40.00 to $50.00 and gave the company a "buy" rating in a report on Thursday. JPMorgan Chase & Co. lifted 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. Citigroup lifted 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. Jefferies Financial Group upgraded shares of ExlService from a "hold" rating to a "buy" rating and lifted their price target for the company from $35.00 to $42.00 in a report on Monday, September 9th. Finally, Robert W. Baird lifted 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. One research analyst has rated the stock with a hold rating and seven have issued 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 Trading Up 1.1 %

NASDAQ EXLS traded up $0.47 during mid-day trading on Monday, reaching $42.12. 1,395,982 shares of the stock were exchanged, compared to its average volume of 949,329. ExlService has a 1-year low of $26.23 and a 1-year high of $42.34. The business's fifty day simple moving average is $37.94 and its 200 day simple moving average is $33.87. The stock has a market capitalization of $6.78 billion, a PE ratio of 36.95, a PEG ratio of 2.01 and a beta of 0.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.45 and a current ratio of 3.02.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The firm had revenue of $472.07 million for the quarter, compared to analyst estimates of $460.73 million. During the same quarter last year, the business earned $0.30 earnings per share. ExlService's revenue was up 14.9% compared to the same quarter last year. On average, research analysts anticipate that ExlService will post 1.28 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Rohit Kapoor sold 40,000 shares of ExlService 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 sale, the chief executive officer now owns 1,509,588 shares of the company's stock, valued at $51,401,471.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Anita Mahon sold 25,670 shares of the business's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $35.50, for a total value of $911,285.00. Following the completion of the sale, the executive vice president now owns 68,857 shares of the company's stock, valued at approximately $2,444,423.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rohit Kapoor sold 40,000 shares of the business's stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $34.05, for a total transaction of $1,362,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,509,588 shares of the company's stock, valued at $51,401,471.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 134,875 shares of company stock valued at $4,716,859. Company insiders own 4.16% of the company's stock.

Institutional Investors Weigh In On ExlService

Several hedge funds and other institutional investors have recently modified their holdings of EXLS. Ashton Thomas Securities LLC acquired a new position in shares of ExlService in the 3rd quarter valued at about $27,000. Whittier Trust Co. of Nevada Inc. boosted its stake in ExlService by 164.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider's stock valued at $29,000 after purchasing an additional 574 shares during the period. New Covenant Trust Company N.A. acquired a new position in ExlService during the 1st quarter valued at about $30,000. Fidelis Capital Partners LLC acquired a new position in ExlService during the 1st quarter valued at about $43,000. Finally, Headlands Technologies LLC boosted its stake in ExlService by 269.0% during the 1st quarter. Headlands Technologies LLC now owns 1,594 shares of the business services provider's stock valued at $51,000 after purchasing an additional 1,162 shares during the period. 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.

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