ExlService (NASDAQ:EXLS) Raised to Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of ExlService (NASDAQ:EXLS) from a hold rating to a buy rating in a research note issued to investors on Monday, Marketbeat Ratings reports. Jefferies Financial Group currently has $42.00 price objective on the business services provider’s stock, up from their prior price objective of $35.00.

EXLS has been the subject of a number of other reports. Citigroup increased their price target on shares of ExlService from $37.00 to $38.00 and gave the stock a buy rating in a research report on Friday, July 12th. Needham & Company LLC reiterated a buy rating and issued a $40.00 target price on shares of ExlService in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of ExlService from $38.00 to $41.00 and gave the company an overweight rating in a report on Friday, September 6th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $39.67.

ExlService Stock Down 0.4 %

Shares of NASDAQ:EXLS opened at $35.97 on Monday. ExlService has a 52 week low of $25.17 and a 52 week high of $36.88. 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 $5.81 billion, a PE ratio of 33.24, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00. The firm has a 50 day simple moving average of $34.51 and a 200 day simple moving average of $31.83.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. The business had revenue of $448.40 million for the quarter, compared to the consensus estimate of $444.61 million. ExlService had a return on equity of 22.92% and a net margin of 10.45%. ExlService’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 earnings per share. As a group, research analysts expect that ExlService will post 1.28 earnings per share for the current year.

Insider Buying and Selling at ExlService

In other news, CEO Rohit Kapoor sold 35,000 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the transaction, the chief executive officer now owns 1,424,588 shares in the company, valued at approximately $51,541,593.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Anita Mahon sold 25,670 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $35.50, for a total value of $911,285.00. Following the completion of the sale, the executive vice president now directly owns 68,857 shares in the company, valued at approximately $2,444,423.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Rohit Kapoor sold 35,000 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the completion of the sale, the chief executive officer now owns 1,424,588 shares of the company’s stock, valued at $51,541,593.84. The disclosure for this sale can be found here. Insiders sold 163,625 shares of company stock worth $5,685,581 over the last ninety days. 3.75% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ExlService

A number of institutional investors have recently made changes to their positions in EXLS. Whittier Trust Co. of Nevada Inc. grew its holdings in ExlService by 164.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock valued at $29,000 after buying an additional 574 shares during the last quarter. New Covenant Trust Company N.A. acquired a new stake in shares of ExlService in the first quarter worth $30,000. Principal Securities Inc. acquired a new position in ExlService during the 4th quarter valued at $34,000. Parallel Advisors LLC boosted its holdings in ExlService by 44.6% in the 4th quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 366 shares during the period. Finally, Grayhawk Investment Strategies Inc. acquired a new stake in ExlService in the 4th quarter worth $42,000. 92.92% of the stock is currently owned by institutional investors.

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.