Robert W. Baird Forecasts Strong Price Appreciation for ExlService (NASDAQ:EXLS) Stock

ExlService (NASDAQ:EXLS) had its price target raised by Robert W. Baird from $40.00 to $44.00 in a research note released on Thursday morning, Benzinga reports. The firm currently has a neutral rating on the business services provider’s stock.

Several other analysts have also recently weighed in on EXLS. JPMorgan Chase & Co. boosted their price objective on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of ExlService in a research note on Friday, August 2nd. Citigroup boosted their price objective on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Finally, Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $35.00 to $42.00 in a research note on Monday, September 9th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, ExlService has a consensus rating of “Moderate Buy” and an average price target of $42.86.

ExlService Stock Down 0.0 %

Shares of NASDAQ:EXLS opened at $41.65 on Thursday. The company has a fifty day moving average of $37.94 and a 200-day moving average of $33.84. The company has a market capitalization of $6.70 billion, a PE ratio of 36.54, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.45 and a current ratio of 3.02. ExlService has a 52-week low of $26.15 and a 52-week high of $42.27.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. The company had revenue of $472.07 million during 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 company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 earnings per share. On average, equities analysts predict that ExlService will post 1.28 EPS for the current fiscal year.

Insider Buying and Selling at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 21,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $34.38, for a total transaction of $721,980.00. Following the sale, the executive vice president now owns 29,909 shares of the company’s stock, valued at approximately $1,028,271.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Ajay Ayyappan sold 21,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $34.38, for a total transaction of $721,980.00. Following the transaction, the executive vice president now owns 29,909 shares in the company, valued at approximately $1,028,271.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rohit Kapoor sold 35,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the transaction, the chief executive officer now owns 1,424,588 shares in the company, 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 134,875 shares of company stock valued at $4,716,859. 4.16% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ExlService

Institutional investors have recently made changes to their positions in the stock. Azzad Asset Management Inc. ADV raised its holdings in shares of ExlService by 1.1% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider’s stock worth $944,000 after acquiring an additional 261 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of ExlService by 3.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider’s stock worth $279,000 after acquiring an additional 291 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in shares of ExlService by 5.2% in the 2nd quarter. V Square Quantitative Management LLC now owns 7,123 shares of the business services provider’s stock worth $223,000 after acquiring an additional 349 shares during the last quarter. Choreo LLC raised its holdings in shares of ExlService by 3.2% in the 1st quarter. Choreo LLC now owns 11,456 shares of the business services provider’s stock worth $364,000 after acquiring an additional 350 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of ExlService by 29.7% in the 3rd quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock worth $62,000 after acquiring an additional 375 shares during the last quarter. Institutional investors and hedge funds 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.