ExlService’s (EXLS) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of ExlService (NASDAQ:EXLS) in a report issued on Friday morning, Benzinga reports. The firm currently has a $40.00 price target on the business services provider’s stock.

Several other equities research analysts have also recently commented on the company. TD Cowen boosted their target price on ExlService from $36.00 to $37.00 and gave the company an outperform rating in a research note on Tuesday, April 2nd. Wedbush reissued a neutral rating and issued a $34.00 price objective on shares of ExlService in a research report on Wednesday. Citigroup decreased their target price on shares of ExlService from $38.00 to $37.00 and set a buy rating for the company in a research report on Monday, April 22nd. Finally, StockNews.com cut shares of ExlService from a buy rating to a hold rating in a research report on Thursday, February 29th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $36.14.

ExlService Stock Down 1.3 %

EXLS traded down $0.38 during trading on Friday, reaching $29.65. The company had a trading volume of 1,018,769 shares, compared to its average volume of 1,245,322. The company has a market cap of $4.82 billion, a P/E ratio of 27.40, a PEG ratio of 1.57 and a beta of 1.00. ExlService has a 12 month low of $25.17 and a 12 month high of $34.41. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 2.08. The business’s fifty day moving average price is $30.54 and its 200 day moving average price is $29.83.

ExlService (NASDAQ:EXLS) last announced its earnings results on Thursday, February 29th. The business services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The company had revenue of $414.06 million during the quarter, compared to analyst estimates of $408.56 million. ExlService had a return on equity of 23.13% and a net margin of 10.92%. Equities analysts anticipate that ExlService will post 1.3 EPS for the current year.

Insider Activity at ExlService

In other ExlService news, EVP Vikas Bhalla sold 23,760 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total transaction of $748,677.60. Following the transaction, the executive vice president now owns 127,046 shares of the company’s stock, valued at $4,003,219.46. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP Ajay Ayyappan sold 9,259 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total value of $292,491.81. Following the transaction, the executive vice president now owns 50,693 shares in the company, valued at approximately $1,601,391.87. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Vikas Bhalla sold 23,760 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total transaction of $748,677.60. Following the transaction, the executive vice president now directly owns 127,046 shares in the company, valued at $4,003,219.46. The disclosure for this sale can be found here. 3.75% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ExlService

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXLS. Geneva Capital Management LLC increased its position in ExlService by 8.7% during the 1st quarter. Geneva Capital Management LLC now owns 4,585,428 shares of the business services provider’s stock worth $145,817,000 after purchasing an additional 365,776 shares in the last quarter. RiverPark Advisors LLC lifted its stake in shares of ExlService by 482.2% in the 1st quarter. RiverPark Advisors LLC now owns 7,417 shares of the business services provider’s stock valued at $236,000 after acquiring an additional 6,143 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of ExlService during the 1st quarter valued at $177,000. Fidelis Capital Partners LLC bought a new stake in ExlService during the 1st quarter worth $43,000. Finally, Choreo LLC increased its holdings in ExlService by 3.2% in the 1st quarter. Choreo LLC now owns 11,456 shares of the business services provider’s stock worth $364,000 after purchasing an additional 350 shares in the last quarter. 92.92% of the stock is owned by institutional investors and hedge funds.

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.