ExlService (NASDAQ:EXLS) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

ExlService (NASDAQ:EXLS) had its price objective boosted by equities research analysts at Stifel Nicolaus from $48.00 to $54.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Stifel Nicolaus’ target price indicates a potential upside of 11.03% from the stock’s current price.

EXLS has been the subject of several other reports. Jefferies Financial Group lifted their target price on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Needham & Company LLC upped their price objective on shares of ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday. Robert W. Baird raised their target price on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, ExlService presently has an average rating of “Moderate Buy” and a consensus price target of $47.38.

ExlService Stock Up 0.0 %

Shares of NASDAQ:EXLS traded up $0.01 during trading on Thursday, hitting $48.64. 280,741 shares of the company were exchanged, compared to its average volume of 1,026,676. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 42.60, a P/E/G ratio of 2.11 and a beta of 1.03. 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 has a fifty-two week low of $28.16 and a fifty-two week high of $52.43. The firm has a fifty day moving average price of $47.98 and a two-hundred day moving average price of $43.06.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.08). The firm had revenue of $481.43 million during the quarter, compared to analyst estimates of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. As a group, research analysts anticipate that ExlService will post 1.27 earnings per share for the current fiscal year.

Insider Activity at ExlService

In other news, EVP Ajay Ayyappan sold 16,186 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $51.50, for a total value of $833,579.00. Following the completion of the transaction, the executive vice president now owns 40,986 shares of the company’s stock, valued at $2,110,779. This represents a 28.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Maurizio Nicolelli sold 13,753 shares of ExlService stock in a transaction on Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the transaction, the chief financial officer now owns 194,440 shares in the company, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,928 shares of company stock valued at $1,762,344. 4.16% of the stock is owned by insiders.

Institutional Trading of ExlService

A number of institutional investors have recently bought and sold shares of EXLS. Envestnet Portfolio Solutions Inc. increased its holdings in ExlService by 1.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,270 shares of the business services provider’s stock worth $633,000 after purchasing an additional 214 shares in the last quarter. Chartwell Investment Partners LLC grew its stake in ExlService by 0.8% in the third 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 during the period. Kensington Investment Counsel LLC increased its holdings in shares of ExlService by 0.7% during the fourth quarter. Kensington Investment Counsel LLC now owns 39,207 shares of the business services provider’s stock valued at $1,740,000 after acquiring an additional 282 shares in the last quarter. UMB Bank n.a. raised its position in shares of ExlService by 17.6% during 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 during the period. Finally, Dakota Wealth Management raised its position in shares of ExlService by 5.0% during the fourth quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider’s stock worth $288,000 after purchasing an additional 311 shares during the period. Institutional investors own 92.92% of the company’s stock.

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.