ExlService (NASDAQ:EXLS) Upgraded at StockNews.com

StockNews.com upgraded shares of ExlService (NASDAQ:EXLS) from a hold rating to a buy rating in a research report released on Sunday morning.

EXLS has been the topic of several other research reports. Needham & Company LLC increased their target price on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Jefferies Financial Group raised their price objective on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Robert W. Baird boosted their target price on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Citigroup raised their price target on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report 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. Based on data from MarketBeat.com, ExlService has an average rating of “Moderate Buy” and an average target price of $45.00.

ExlService Stock Down 0.6 %

Shares of EXLS opened at $50.66 on Friday. ExlService has a 1 year low of $28.16 and a 1 year high of $51.25. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The stock has a 50 day simple moving average of $46.57 and a two-hundred day simple moving average of $41.28. The firm has a market cap of $8.15 billion, a P/E ratio of 44.44, a P/E/G ratio of 2.10 and a beta of 1.03.

Insider Buying and Selling at ExlService

In related news, CEO Rohit Kapoor sold 100,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total transaction of $4,687,000.00. Following the transaction, the chief executive officer now owns 689,645 shares in the company, valued at $32,323,661.15. The trade was a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Maurizio Nicolelli sold 13,753 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the completion of the sale, the chief financial officer now owns 194,440 shares of the company’s stock, valued at $9,554,781.60. This trade represents a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 217,398 shares of company stock valued at $10,089,385 in the last 90 days. Insiders own 4.16% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EXLS. Mather Group LLC. purchased a new stake in ExlService in the fourth quarter worth $25,000. Kestra Investment Management LLC purchased a new stake in shares of ExlService in the 4th quarter worth about $26,000. Ashton Thomas Securities LLC bought a new position in shares of ExlService in the 3rd quarter worth about $27,000. Huntington National Bank lifted its position in ExlService by 2,827.5% during the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 1,131 shares during the period. Finally, USA Financial Formulas bought a new stake in ExlService during the fourth quarter worth about $58,000. 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.