ExlService (NASDAQ:EXLS) Upgraded by StockNews.com to “Buy” Rating

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

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

ExlService Stock Performance

Shares of NASDAQ EXLS opened at $46.16 on Wednesday. ExlService has a 1 year low of $27.10 and a 1 year high of $47.32. The firm has a market cap of $7.43 billion, a P/E ratio of 40.49, a PEG ratio of 2.28 and a beta of 0.99. The stock has a fifty day moving average price of $39.37 and a two-hundred day moving average price of $34.72. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02.

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

Insider Activity at ExlService

In related news, CEO Rohit Kapoor sold 35,000 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were 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 in the company, valued at approximately $51,541,593.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Anita Mahon sold 25,670 shares of ExlService stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $35.50, for a total value of $911,285.00. Following the transaction, the executive vice president now owns 68,857 shares in the company, valued at $2,444,423.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rohit Kapoor sold 35,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,424,588 shares of the company’s stock, valued at $51,541,593.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 383,483 shares of company stock valued at $16,050,537. 4.16% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. PEAK6 Investments LLC acquired a new stake in ExlService in the 3rd quarter worth $484,000. BNP Paribas Financial Markets raised its stake in shares of ExlService by 28.0% in the third quarter. BNP Paribas Financial Markets now owns 230,410 shares of the business services provider’s stock valued at $8,790,000 after purchasing an additional 50,399 shares in the last quarter. Quantbot Technologies LP boosted its stake in ExlService by 106.3% during the third quarter. Quantbot Technologies LP now owns 84,119 shares of the business services provider’s stock worth $3,209,000 after buying an additional 43,344 shares in the last quarter. Advantage Alpha Capital Partners LP acquired a new position in shares of ExlService in the 3rd quarter valued at $3,791,000. Finally, Loomis Sayles & Co. L P bought a new position in shares of ExlService during the 3rd quarter worth about $17,198,000. 92.92% of the stock is owned by 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.