ExlService (NASDAQ:EXLS) Price Target Raised to $57.00

ExlService (NASDAQ:EXLS) had its target price raised by Jefferies Financial Group from $47.00 to $57.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the business services provider’s stock.

Several other equities research analysts have also recently commented on the company. 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. Needham & Company LLC boosted their price objective on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Finally, Citigroup lifted their price target on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, ExlService has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

ExlService Trading Down 1.3 %

EXLS stock opened at $49.12 on Tuesday. The business has a fifty day moving average of $45.74 and a 200-day moving average of $40.16. The company has a market cap of $7.90 billion, a P/E ratio of 43.09, a PEG ratio of 2.08 and a beta of 1.02. ExlService has a twelve month low of $28.16 and a twelve month high of $50.11. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS) last released its earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share 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 firm had revenue of $472.07 million for the quarter, compared to analyst estimates of $460.73 million. During the same quarter in the prior year, the firm posted $0.30 earnings per share. The company’s quarterly revenue was up 14.9% on a year-over-year basis. As a group, equities research analysts expect that ExlService will post 1.27 EPS for the current year.

Insider Buying and Selling

In other news, Director Jaynie M. Studenmund sold 3,645 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total value of $160,562.25. Following the completion of the transaction, the director now directly owns 14,580 shares of the company’s stock, valued at $642,249. This represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Rohit Kapoor sold 100,000 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $42.07, for a total transaction of $4,207,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,190,240 shares in the company, valued at $50,073,396.80. This trade represents a 7.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 426,458 shares of company stock worth $18,720,514 in the last quarter. Insiders own 4.16% of the company’s stock.

Institutional Trading of ExlService

Hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its position in ExlService by 2.5% during the second quarter. Envestnet Asset Management Inc. now owns 493,621 shares of the business services provider’s stock valued at $15,480,000 after buying an additional 11,924 shares during the period. Dimensional Fund Advisors LP boosted its holdings in ExlService by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,468,039 shares of the business services provider’s stock valued at $108,756,000 after acquiring an additional 88,759 shares during the period. Renaissance Technologies LLC grew its position in ExlService by 317.0% during the 2nd quarter. Renaissance Technologies LLC now owns 255,200 shares of the business services provider’s stock worth $8,003,000 after acquiring an additional 194,000 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in 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 purchasing an additional 291 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its position in ExlService by 6.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,644 shares of the business services provider’s stock valued at $428,000 after purchasing an additional 783 shares during the last quarter. 92.92% of the stock is owned by institutional investors.

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.