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

ExlService (NASDAQ:EXLS) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Several other equities analysts also recently issued reports on the company. Stifel Nicolaus upped their target price on ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. increased their price objective on ExlService from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Jefferies Financial Group raised their price objective on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Finally, Needham & Company LLC increased their price target on shares of ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.33.

ExlService Trading Up 0.0 %

Shares of NASDAQ:EXLS opened at $45.55 on Friday. 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 firm has a market capitalization of $7.41 billion, a P/E ratio of 39.96, a P/E/G ratio of 2.11 and a beta of 0.86. The business’s 50-day moving average is $45.69 and its 200 day moving average is $46.28. ExlService has a 1 year low of $28.59 and a 1 year high of $52.43.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. The firm had revenue of $501.02 million during the quarter, compared to analyst estimates of $489.66 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. ExlService’s revenue was up 14.8% on a year-over-year basis. During the same period last year, the firm posted $0.38 EPS. On average, research analysts predict that ExlService will post 1.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Ajay Ayyappan sold 16,186 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $51.50, for a total transaction of $833,579.00. Following the sale, the executive vice president now directly owns 40,986 shares of the company’s stock, valued at approximately $2,110,779. This represents a 28.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Anita Mahon sold 10,558 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total transaction of $484,823.36. Following the sale, the executive vice president now owns 94,443 shares in the company, valued at approximately $4,336,822.56. This represents a 10.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,178 shares of company stock worth $2,354,449. Corporate insiders own 4.16% of the company’s stock.

Hedge Funds Weigh In On ExlService

A number of hedge funds have recently bought and sold shares of the business. Mather Group LLC. acquired a new position in ExlService during the fourth quarter worth $25,000. Kestra Investment Management LLC purchased a new stake in shares of ExlService during the fourth quarter worth about $26,000. Whittier Trust Co. acquired a new position in shares of ExlService during the 1st quarter worth about $45,000. Morse Asset Management Inc purchased a new position in ExlService in the 4th quarter valued at about $49,000. Finally, USA Financial Formulas acquired a new stake in ExlService in the 4th quarter worth about $58,000. Hedge funds and other 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.