StockNews.com Upgrades ExlService (NASDAQ:EXLS) to Buy

ExlService (NASDAQ:EXLS) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Several other brokerages have also issued reports on EXLS. 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. lifted their target price on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Robert W. Baird lifted their price objective on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Citigroup raised their target price on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Finally, Needham & Company LLC boosted their target price on 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, ExlService has an average rating of “Moderate Buy” and a consensus target price of $42.86.

ExlService Price Performance

EXLS opened at $44.38 on Tuesday. 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 market capitalization of $7.14 billion, a P/E ratio of 38.93, a price-to-earnings-growth ratio of 2.26 and a beta of 1.01. The company’s 50 day simple moving average is $44.72 and its 200-day simple moving average is $38.52. ExlService has a one year low of $28.16 and a one year high of $47.37.

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

Insider Transactions at ExlService

In other ExlService news, Director Jaynie M. Studenmund sold 3,645 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total transaction of $160,562.25. Following the completion of the transaction, the director now owns 14,580 shares in the company, valued at approximately $642,249. This represents a 20.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vikas Bhalla sold 22,813 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $41.86, for a total value of $954,952.18. Following the completion of the sale, the insider now owns 102,825 shares in the company, valued at approximately $4,304,254.50. This trade represents a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 426,458 shares of company stock valued at $18,720,514 over the last 90 days. 4.16% of the stock is owned by company insiders.

Institutional Investors Weigh In On ExlService

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