Stifel Nicolaus Issues Positive Forecast for ExlService (NASDAQ:EXLS) Stock Price

ExlService (NASDAQ:EXLS) had its target price raised by Stifel Nicolaus from $48.00 to $54.00 in a report published on Thursday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the business services provider’s stock.

EXLS has been the topic of a number of other research reports. Robert W. Baird increased their price target on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Jefferies Financial Group raised their price target on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. Finally, Needham & Company LLC increased their price objective on ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.38.

ExlService Trading Down 0.4 %

ExlService stock opened at $48.43 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. ExlService has a fifty-two week low of $28.16 and a fifty-two week high of $52.43. The stock has a market cap of $7.79 billion, a P/E ratio of 42.48, a PEG ratio of 2.11 and a beta of 1.03. The firm’s fifty day moving average price is $47.98 and its 200-day moving average price is $43.06.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.08). ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $481.43 million during the quarter, compared to analysts’ expectations of $475.68 million. Equities research analysts forecast that ExlService will post 1.27 earnings per share for the current fiscal year.

Insider Activity at ExlService

In other ExlService news, CFO Maurizio Nicolelli sold 13,753 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the completion of the transaction, the chief financial officer now owns 194,440 shares of the company’s stock, valued at $9,554,781.60. This represents a 6.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ajay Ayyappan sold 16,186 shares of ExlService stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $51.50, for a total value of $833,579.00. Following the completion of the sale, the executive vice president now owns 40,986 shares in the company, valued at approximately $2,110,779. This represents a 28.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,928 shares of company stock worth $1,762,344 in the last three months. 4.16% of the stock is owned by insiders.

Institutional Investors Weigh In On ExlService

A number of large investors have recently modified their holdings of the stock. FMR LLC grew its holdings in shares of ExlService by 39.4% during the 4th quarter. FMR LLC now owns 9,364,312 shares of the business services provider’s stock worth $415,588,000 after acquiring an additional 2,647,937 shares during the period. Norges Bank bought a new stake in shares of ExlService during the fourth quarter valued at approximately $106,452,000. Handelsbanken Fonder AB grew its stake in ExlService by 313.9% in the fourth quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider’s stock worth $97,400,000 after purchasing an additional 1,664,400 shares during the period. Raymond James Financial Inc. bought a new position in ExlService in the fourth quarter worth $52,852,000. Finally, Fiera Capital Corp lifted its position in ExlService by 497.8% during the third quarter. Fiera Capital Corp now owns 800,763 shares of the business services provider’s stock valued at $30,549,000 after buying an additional 666,805 shares during the period. 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.