ExlService (NASDAQ:EXLS) Price Target Increased to $41.00 by Analysts at JPMorgan Chase & Co.

ExlService (NASDAQ:EXLS) had its price objective increased by JPMorgan Chase & Co. from $38.00 to $41.00 in a research note published on Friday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the business services provider’s stock.

EXLS has been the topic of several other research reports. Citigroup raised their target price on ExlService from $37.00 to $38.00 and gave the stock a buy rating in a research report on Friday, July 12th. Needham & Company LLC reissued a buy rating and set a $40.00 price objective on shares of ExlService in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $39.67.

ExlService Stock Up 1.6 %

Shares of NASDAQ:EXLS opened at $36.05 on Friday. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.30. ExlService has a fifty-two week low of $25.17 and a fifty-two week high of $36.88. The stock has a market cap of $5.82 billion, a price-to-earnings ratio of 33.32, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00. The firm’s 50 day moving average price is $34.41 and its 200 day moving average price is $31.79.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. The business had revenue of $448.40 million for 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 company’s revenue was up 10.7% on a year-over-year basis. During the same period last year, the business earned $0.31 EPS. As a group, equities research analysts predict that ExlService will post 1.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Rohit Kapoor sold 35,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $36.18, for a total value of $1,266,300.00. Following the completion of the sale, the chief executive officer now directly owns 1,424,588 shares of the company’s stock, valued at $51,541,593.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other ExlService news, insider Vivek Jetley sold 6,000 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $32.75, for a total transaction of $196,500.00. Following the transaction, the insider now directly owns 328,657 shares of the company’s stock, valued at approximately $10,763,516.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rohit Kapoor sold 35,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the completion of the sale, the chief executive officer now directly owns 1,424,588 shares of the company’s stock, valued at $51,541,593.84. The disclosure for this sale can be found here. Insiders have sold a total of 163,625 shares of company stock valued at $5,685,581 over the last quarter. Company insiders own 3.75% of the company’s stock.

Hedge Funds Weigh In On ExlService

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV lifted its position in ExlService by 3.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider’s stock worth $279,000 after acquiring an additional 291 shares during the period. V Square Quantitative Management LLC grew its position in ExlService by 5.2% in the 2nd quarter. V Square Quantitative Management LLC now owns 7,123 shares of the business services provider’s stock valued at $223,000 after buying an additional 349 shares during the last quarter. Choreo LLC increased its stake in ExlService by 3.2% in the 1st quarter. Choreo LLC now owns 11,456 shares of the business services provider’s stock valued at $364,000 after buying an additional 350 shares during the period. Parallel Advisors LLC raised its position in ExlService by 44.6% during the 4th quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock worth $37,000 after buying an additional 366 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of 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 acquiring an additional 391 shares during the period. Hedge funds and other institutional investors own 92.92% of the company’s stock.

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.