ExlService (NASDAQ:EXLS) Given New $54.00 Price Target at Stifel Nicolaus

ExlService (NASDAQ:EXLS) had its price objective raised by equities research analysts at Stifel Nicolaus from $48.00 to $54.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 11.03% from the stock’s previous close.

A number of other equities research analysts have also commented on EXLS. Jefferies Financial Group upped their target price on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Robert W. Baird lifted their price target on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. Finally, Needham & Company LLC boosted their target price on ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $47.38.

ExlService Trading Up 0.0 %

NASDAQ EXLS traded up $0.01 during trading hours on Thursday, hitting $48.64. 280,741 shares of the company were exchanged, compared to its average volume of 1,026,676. The stock has a market cap of $7.82 billion, a PE ratio of 42.60, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a 50-day moving average price of $47.98 and a 200 day moving average price of $43.06. ExlService has a 52 week low of $28.16 and a 52 week high of $52.43.

ExlService (NASDAQ:EXLS) last released its earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.08). ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business had revenue of $481.43 million during the quarter, compared to analysts’ expectations of $475.68 million. Analysts forecast that ExlService will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Maurizio Nicolelli sold 13,753 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were 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 approximately $9,554,781.60. This represents a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ajay Ayyappan sold 16,186 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $51.50, for a total transaction of $833,579.00. Following the completion of the sale, the executive vice president now directly owns 40,986 shares of the company’s stock, valued at approximately $2,110,779. This represents a 28.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,928 shares of company stock valued at $1,762,344 in the last quarter. Company insiders own 4.16% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. raised its holdings in shares of ExlService by 1.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,270 shares of the business services provider’s stock worth $633,000 after buying an additional 214 shares in the last quarter. Chartwell Investment Partners LLC lifted its stake in shares of ExlService by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider’s stock valued at $1,196,000 after acquiring an additional 254 shares during the period. Kensington Investment Counsel LLC boosted its position in shares of ExlService by 0.7% in the 4th quarter. Kensington Investment Counsel LLC now owns 39,207 shares of the business services provider’s stock worth $1,740,000 after purchasing an additional 282 shares during the last quarter. UMB Bank n.a. grew its holdings in ExlService by 17.6% during the fourth quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock valued at $85,000 after purchasing an additional 288 shares during the period. Finally, Dakota Wealth Management raised its stake in ExlService by 5.0% during the 4th quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider’s stock worth $288,000 after buying an additional 311 shares during the period. 92.92% of the stock is 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.