ExlService (EXLS) Upgraded by BidaskClub to Buy

BidaskClub upgraded shares of ExlService (NASDAQ:EXLS) from a hold rating to a buy rating in a report released on Wednesday.

A number of other equities analysts have also recently issued reports on the company. Barrington Research set a $70.00 target price on ExlService and gave the stock a buy rating in a report on Tuesday. Zacks Investment Research upgraded ExlService from a sell rating to a hold rating in a report on Monday, October 15th. ValuEngine upgraded ExlService from a hold rating to a buy rating in a report on Saturday, September 1st. Finally, Cantor Fitzgerald reiterated a buy rating and set a $71.00 target price on shares of ExlService in a report on Thursday, August 2nd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. ExlService presently has a consensus rating of Buy and a consensus target price of $65.00.

EXLS opened at $62.36 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.57 and a quick ratio of 3.57. ExlService has a 12 month low of $52.52 and a 12 month high of $67.06. The firm has a market capitalization of $2.14 billion, a P/E ratio of 24.75, a PEG ratio of 2.16 and a beta of 1.28.



ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Thursday, August 2nd. The business services provider reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.14. ExlService had a net margin of 6.11% and a return on equity of 14.25%. The business had revenue of $210.11 million during the quarter, compared to analysts’ expectations of $209.30 million. During the same quarter in the prior year, the company earned $0.70 EPS. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts forecast that ExlService will post 2.22 earnings per share for the current fiscal year.

In other ExlService news, Director Garen K. Staglin sold 5,631 shares of the stock in a transaction dated Wednesday, October 10th. The stock was sold at an average price of $63.50, for a total transaction of $357,568.50. Following the completion of the transaction, the director now owns 24,477 shares in the company, valued at approximately $1,554,289.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Rohit Kapoor sold 6,400 shares of the stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $66.58, for a total value of $426,112.00. Following the transaction, the chief executive officer now owns 232,077 shares of the company’s stock, valued at approximately $15,451,686.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,233 shares of company stock valued at $6,727,414. Corporate insiders own 4.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in EXLS. Huntington National Bank grew its holdings in shares of ExlService by 609.3% in the 3rd quarter. Huntington National Bank now owns 1,596 shares of the business services provider’s stock valued at $106,000 after acquiring an additional 1,371 shares in the last quarter. Bank of Montreal Can bought a new position in shares of ExlService in the 2nd quarter valued at about $286,000. Measured Wealth Private Client Group LLC bought a new position in shares of ExlService in the 2nd quarter valued at about $301,000. Atria Investments LLC bought a new position in shares of ExlService in the 2nd quarter valued at about $322,000. Finally, We Are One Seven LLC bought a new position in shares of ExlService in the 3rd quarter valued at about $351,000. Institutional investors own 91.07% of the company’s stock.

ExlService Company Profile

ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.

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Analyst Recommendations for ExlService (NASDAQ:EXLS)

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