ExlService (NASDAQ:EXLS) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of ExlService (NASDAQ:EXLS) from a hold rating to a buy rating in a research note published on Friday morning.

Several other equities analysts have also recently commented on the stock. Needham & Company LLC boosted their target price on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Citigroup boosted their price objective on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Finally, Robert W. Baird upped their target price on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $42.86.

ExlService Stock Up 0.2 %

NASDAQ EXLS opened at $47.15 on Friday. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 41.36, a PEG ratio of 1.89 and a beta of 1.02. ExlService has a 1-year low of $28.16 and a 1-year high of $47.93. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average of $45.60 and a 200-day moving average of $39.74.

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 analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $460.73 million. During the same period in the prior year, the company posted $0.30 EPS. The company’s revenue was up 14.9% compared to the same quarter last year. On average, equities research analysts expect that ExlService will post 1.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jaynie M. Studenmund sold 3,645 shares of ExlService 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 sale, the director now directly owns 14,580 shares of the company’s stock, valued at approximately $642,249. This trade represents a 20.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 value of $4,207,000.00. Following the sale, the chief executive officer now owns 1,190,240 shares in the company, valued at approximately $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. Over the last quarter, insiders have sold 426,458 shares of company stock valued at $18,720,514. 4.16% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ExlService

A number of hedge funds have recently modified their holdings of the business. Ashton Thomas Securities LLC acquired a new stake in ExlService in the third quarter valued at $27,000. Huntington National Bank grew its position in shares of 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. USA Financial Formulas acquired a new stake in shares of ExlService in the fourth quarter valued at about $58,000. UMB Bank n.a. raised its position in shares of ExlService by 29.7% during the third 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. Finally, GAMMA Investing LLC lifted its stake in shares of ExlService by 32.8% in the third quarter. GAMMA Investing LLC now owns 2,331 shares of the business services provider’s stock worth $89,000 after acquiring an additional 576 shares during the period. 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.