ExlService (NASDAQ:EXLS) Sets New 1-Year High After Analyst Upgrade

ExlService Holdings, Inc. (NASDAQ:EXLS)’s share price hit a new 52-week high during trading on Monday after Citigroup raised their price target on the stock from $38.00 to $46.00. Citigroup currently has a buy rating on the stock. ExlService traded as high as $40.00 and last traded at $40.00, with a volume of 782 shares changing hands. The stock had previously closed at $39.48.

EXLS has been the topic of a number of other research reports. JPMorgan Chase & Co. boosted their price objective on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Robert W. Baird boosted their price target on shares of ExlService from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of ExlService in a research report on Friday, August 2nd. Finally, Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and boosted their target price for the company from $35.00 to $42.00 in a report on Monday, September 9th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $40.86.

Insider Buying and Selling at ExlService

In other news, EVP Ajay Ayyappan sold 21,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $34.38, for a total value of $721,980.00. Following the transaction, the executive vice president now directly owns 29,909 shares in the company, valued at approximately $1,028,271.42. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Rohit Kapoor sold 40,000 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $34.05, for a total value of $1,362,000.00. Following the sale, the chief executive officer now owns 1,509,588 shares in the company, valued at approximately $51,401,471.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ajay Ayyappan sold 21,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $34.38, for a total value of $721,980.00. Following the transaction, the executive vice president now owns 29,909 shares of the company’s stock, valued at $1,028,271.42. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 134,875 shares of company stock worth $4,716,859 over the last three months. Insiders own 3.75% of the company’s stock.

Institutional Trading of ExlService

Hedge funds have recently made changes to their positions in the business. Azzad Asset Management Inc. ADV grew its holdings in shares of ExlService by 1.1% in the third quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider’s stock valued at $944,000 after purchasing an additional 261 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of ExlService by 3.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider’s stock valued at $279,000 after acquiring an additional 291 shares in the last quarter. V Square Quantitative Management LLC raised its stake in shares of ExlService by 5.2% in the second quarter. V Square Quantitative Management LLC now owns 7,123 shares of the business services provider’s stock valued at $223,000 after acquiring an additional 349 shares in the last quarter. Choreo LLC boosted its holdings in ExlService by 3.2% in the first quarter. Choreo LLC now owns 11,456 shares of the business services provider’s stock valued at $364,000 after purchasing an additional 350 shares during the period. Finally, UMB Bank n.a. grew its stake in ExlService by 29.7% during the 3rd quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock worth $62,000 after purchasing an additional 375 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Stock Down 0.5 %

The business has a 50-day simple moving average of $36.54 and a 200-day simple moving average of $32.92. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.45 and a current ratio of 2.45. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 36.76, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The company had revenue of $448.40 million during the quarter, compared to analysts’ expectations of $444.61 million. During the same quarter in the previous year, the business posted $0.31 EPS. The firm’s revenue was up 10.7% on a year-over-year basis. On average, equities analysts anticipate that ExlService Holdings, Inc. will post 1.28 earnings per share for the current fiscal year.

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.