ExlService (NASDAQ:EXLS) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

ExlService (NASDAQ:EXLS) had its target price raised by Needham & Company LLC from $40.00 to $50.00 in a research note published on Thursday, Benzinga reports. The brokerage currently has a buy rating on the business services provider’s stock.

A number of other brokerages also recently commented on EXLS. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $35.00 to $42.00 in a research report on Monday, September 9th. JPMorgan Chase & Co. increased their price objective on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Robert W. Baird lifted their price objective on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Citigroup increased their target price on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a report on Monday, October 14th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.86.

ExlService Trading Down 0.0 %

Shares of EXLS stock opened at $41.65 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 2.45. The firm has a market cap of $6.70 billion, a PE ratio of 36.54, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99. The company has a 50-day moving average of $37.94 and a two-hundred day moving average of $33.87. ExlService has a 1-year low of $26.15 and a 1-year high of $42.27.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $472.07 million for the quarter, compared to analysts’ expectations of $460.73 million. During the same quarter in the prior year, the company earned $0.30 earnings per share. The business’s quarterly revenue was up 14.9% on a year-over-year basis. On average, analysts predict that ExlService will post 1.28 EPS for the current year.

Insider Activity at ExlService

In other ExlService news, insider Vivek Jetley sold 2,015 shares of ExlService stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $35.75, for a total value of $72,036.25. Following the transaction, the insider now directly owns 326,642 shares in the company, valued at approximately $11,677,451.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Vivek Jetley sold 2,015 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $35.75, for a total value of $72,036.25. Following the transaction, the insider now owns 326,642 shares in the company, valued at $11,677,451.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Rohit Kapoor sold 40,000 shares of ExlService stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $34.05, for a total value of $1,362,000.00. Following the completion of the transaction, the chief executive officer now owns 1,509,588 shares in the company, valued at $51,401,471.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 134,875 shares of company stock worth $4,716,859 in the last 90 days. 4.16% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. lifted its holdings 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 valued at $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 during the 1st quarter worth $30,000. Fidelis Capital Partners LLC acquired a new position in shares of ExlService during the 1st quarter worth $43,000. Headlands Technologies LLC increased its holdings in shares of ExlService by 269.0% in 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 in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of ExlService by 28.7% in the second quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 391 shares during the period. 92.92% of the stock is currently owned by institutional investors and hedge funds.

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.