StockNews.com Upgrades ExlService (NASDAQ:EXLS) to Buy

StockNews.com upgraded shares of ExlService (NASDAQ:EXLS) from a hold rating to a buy rating in a report published on Monday.

A number of other brokerages also recently weighed in on EXLS. Needham & Company LLC raised their target price on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Robert W. Baird raised their price objective on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. increased their target price on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and upped their price objective for the company from $35.00 to $42.00 in a research note on Monday, September 9th. Finally, Citigroup raised their price target on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, ExlService currently has an average rating of “Moderate Buy” and a consensus target price of $42.86.

ExlService Stock Performance

Shares of NASDAQ:EXLS opened at $42.12 on Monday. ExlService has a 12-month low of $26.23 and a 12-month high of $42.34. The company’s 50 day moving average price is $38.06 and its two-hundred day moving average price is $33.96. The firm has a market cap of $6.78 billion, a PE ratio of 36.95, a PEG ratio of 2.00 and a beta of 0.99. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

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

Insider Activity at ExlService

In related news, CEO Rohit Kapoor sold 40,000 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $51,401,471.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Rohit Kapoor sold 40,000 shares of ExlService stock in a transaction on 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 sale, the chief executive officer now directly owns 1,509,588 shares in the company, valued at approximately $51,401,471.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ajay Ayyappan sold 21,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $34.38, for a total transaction of $721,980.00. Following the completion of the transaction, the executive vice president now directly owns 29,909 shares in the company, valued at $1,028,271.42. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 134,875 shares of company stock valued at $4,716,859 over the last 90 days. Insiders own 4.16% of the company’s stock.

Institutional Trading of ExlService

A number of institutional investors have recently modified their holdings of EXLS. Ashton Thomas Securities LLC bought a new stake in ExlService during the 3rd quarter valued at $27,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of ExlService by 164.0% in the second 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 in the last quarter. New Covenant Trust Company N.A. bought a new stake in shares of ExlService during the 1st quarter valued at $30,000. Fidelis Capital Partners LLC purchased a new stake in ExlService during the 1st quarter worth about $43,000. Finally, Headlands Technologies LLC grew its holdings 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 buying an additional 1,162 shares in the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

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.