Jefferies Financial Group Boosts ExlService (NASDAQ:EXLS) Price Target to $57.00

ExlService (NASDAQ:EXLS) had its target price increased by equities researchers at Jefferies Financial Group from $47.00 to $57.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Jefferies Financial Group’s target price indicates a potential upside of 16.91% from the company’s current price.

Other analysts also recently issued reports about the company. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research report on Friday. Robert W. Baird upped 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, October 31st. Needham & Company LLC raised their price objective on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. 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. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $45.00.

ExlService Stock Performance

ExlService stock traded up $1.61 during midday trading on Tuesday, hitting $48.76. 245,329 shares of the company’s stock were exchanged, compared to its average volume of 770,376. The firm’s 50 day simple moving average is $45.61 and its 200 day simple moving average is $39.97. ExlService has a 12-month low of $28.16 and a 12-month high of $48.48. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 42.75, a price-to-earnings-growth ratio of 1.97 and a beta of 1.02.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, topping 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 business had revenue of $472.07 million during the quarter, compared to analysts’ expectations of $460.73 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. Equities research analysts predict that ExlService will post 1.27 EPS for the current year.

Insider Activity at ExlService

In other news, Director Jaynie M. Studenmund sold 3,645 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total transaction of $160,562.25. Following the completion of the transaction, the director now directly owns 14,580 shares of the company’s stock, valued at approximately $642,249. This represents a 20.00 % 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 the SEC website. Also, insider Vikas Bhalla sold 22,813 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $41.86, for a total value of $954,952.18. Following the transaction, the insider now owns 102,825 shares of the company’s stock, valued at $4,304,254.50. This represents a 18.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 426,458 shares of company stock valued at $18,720,514. Corporate insiders own 4.16% of the company’s stock.

Hedge Funds Weigh In On ExlService

Several large investors have recently made changes to their positions in EXLS. Chartwell Investment Partners LLC lifted its position in shares of ExlService by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider’s stock valued at $1,196,000 after acquiring an additional 254 shares in the last quarter. Azzad Asset Management Inc. ADV boosted its position in ExlService by 1.1% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider’s stock worth $944,000 after acquiring an additional 261 shares during the period. UMB Bank n.a. lifted its position in shares of ExlService by 17.6% in the fourth quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock worth $85,000 after purchasing an additional 288 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in ExlService by 3.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider’s stock valued at $279,000 after buying an additional 291 shares during the period. Finally, Dakota Wealth Management boosted its stake in shares of ExlService by 5.0% during the 4th quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider’s stock valued at $288,000 after buying an additional 311 shares during the period. 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.