ExlService (NASDAQ:EXLS) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of ExlService (NASDAQ:EXLS) from a hold rating to a buy rating in a research note issued to investors on Tuesday.

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

ExlService Stock Performance

EXLS opened at $44.21 on Tuesday. ExlService has a twelve month low of $28.16 and a twelve month high of $47.37. The stock has a market cap of $7.11 billion, a PE ratio of 38.78, a price-to-earnings-growth ratio of 2.26 and a beta of 1.01. The business’s 50 day moving average is $44.82 and its 200-day moving average is $38.56. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $472.07 million during the quarter, compared to analyst estimates of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 EPS. On average, analysts predict that ExlService will post 1.27 earnings per share for the current year.

Insider Activity

In other ExlService news, insider Vikas Bhalla sold 22,813 shares of ExlService stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $41.86, for a total transaction of $954,952.18. Following the transaction, the insider now directly owns 102,825 shares in the company, valued at approximately $4,304,254.50. The trade was a 18.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $41.45, for a total value of $4,145,000.00. Following the completion of the sale, the chief executive officer now owns 1,290,240 shares of the company’s stock, valued at $53,480,448. The trade was a 7.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 426,458 shares of company stock valued at $18,720,514 over the last three months. Insiders own 4.16% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Ashton Thomas Securities LLC acquired a new stake in ExlService during the 3rd quarter worth about $27,000. Huntington National Bank boosted its holdings in shares of ExlService by 2,827.5% during the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after purchasing an additional 1,131 shares during the period. UMB Bank n.a. grew its position in ExlService by 29.7% during the third quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 375 shares in the last quarter. GAMMA Investing LLC increased its stake in ExlService by 32.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,331 shares of the business services provider’s stock valued at $89,000 after buying an additional 576 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in ExlService by 25.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,576 shares of the business services provider’s stock valued at $98,000 after buying an additional 524 shares during the period. 92.92% of the stock is 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.