ExlService (NASDAQ:EXLS) Upgraded 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 released on Sunday.

Several other analysts have also issued reports on the company. Needham & Company LLC increased their target price on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Robert W. Baird increased their target price on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Jefferies Financial Group increased their target price on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Finally, Citigroup increased 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. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, ExlService has an average rating of “Moderate Buy” and a consensus target price of $45.00.

ExlService Stock Performance

Shares of NASDAQ EXLS opened at $50.26 on Friday. 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’s fifty day moving average price is $46.41 and its two-hundred day moving average price is $41.05. ExlService has a one year low of $28.16 and a one year high of $51.07. The firm has a market cap of $8.09 billion, a price-to-earnings ratio of 44.09, a P/E/G ratio of 2.09 and a beta of 1.02.

Insider Activity at ExlService

In other ExlService news, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $46.87, for a total value of $4,687,000.00. Following the completion of the transaction, the chief executive officer now directly owns 689,645 shares in the company, valued at approximately $32,323,661.15. This trade represents a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Maurizio Nicolelli sold 13,753 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.14, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 217,398 shares of company stock valued at $10,089,385 over the last ninety days. 4.16% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ExlService

Several large investors have recently bought and sold shares of the company. Mather Group LLC. bought a new position in shares of ExlService during the fourth quarter worth about $25,000. Kestra Investment Management LLC bought a new position in shares of ExlService during the fourth quarter worth about $26,000. Ashton Thomas Securities LLC bought a new position in shares of ExlService during the third quarter worth about $27,000. Huntington National Bank increased its holdings in ExlService by 2,827.5% in the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after purchasing an additional 1,131 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in ExlService in the fourth quarter worth approximately $58,000. 92.92% of the stock is currently owned by institutional investors.

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.