ExlService (NASDAQ:EXLS) Upgraded at StockNews.com

ExlService (NASDAQ:EXLS) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Sunday.

Several other research firms have also recently issued reports on EXLS. Needham & Company LLC raised their target price 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. Robert W. Baird lifted their price objective on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Citigroup raised their price objective on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Finally, Jefferies Financial Group raised their price objective on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

ExlService Stock Performance

Shares of ExlService stock opened at $50.95 on Friday. ExlService has a one year low of $28.16 and a one year high of $51.10. The business has a 50-day simple moving average of $46.50 and a 200-day simple moving average of $41.17. The company has a market cap of $8.20 billion, a PE ratio of 44.69, a P/E/G ratio of 2.10 and a beta of 1.03. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02.

Insider Activity

In related 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 in the company, valued at $9,554,781.60. This represents a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rohit Kapoor sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total transaction of $4,687,000.00. Following the transaction, the chief executive officer now directly owns 689,645 shares of the company’s stock, valued at $32,323,661.15. This represents a 12.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 217,398 shares of company stock worth $10,089,385 over the last three months. 4.16% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ExlService

Hedge funds have recently made changes to their positions in the business. Algert Global LLC boosted its holdings in shares of ExlService by 18.0% in the 3rd quarter. Algert Global LLC now owns 150,460 shares of the business services provider’s stock worth $5,740,000 after purchasing an additional 22,970 shares during the period. Quest Partners LLC raised its position in shares of ExlService by 196.8% in the 3rd quarter. Quest Partners LLC now owns 70,015 shares of the business services provider’s stock worth $2,671,000 after acquiring an additional 46,422 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in ExlService by 4.3% in the third quarter. Eagle Asset Management Inc. now owns 711,995 shares of the business services provider’s stock valued at $27,163,000 after acquiring an additional 29,510 shares in the last quarter. Assetmark Inc. grew its stake in shares of ExlService by 107,991.3% during the third quarter. Assetmark Inc. now owns 24,861 shares of the business services provider’s stock worth $948,000 after acquiring an additional 24,838 shares during the last quarter. Finally, Walleye Capital LLC purchased a new position in ExlService in the 3rd quarter worth $1,543,000. 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.