ExlService (NASDAQ:EXLS) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

ExlService (NASDAQ:EXLS) had its price objective hoisted by equities researchers at Jefferies Financial Group from $47.00 to $57.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. Jefferies Financial Group’s price target indicates a potential upside of 16.91% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Robert W. Baird upped their price target on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Needham & Company LLC raised their price objective on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Citigroup raised their price target on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

ExlService Stock Up 3.4 %

NASDAQ:EXLS traded up $1.61 during trading hours on Tuesday, reaching $48.76. The company’s stock had a trading volume of 245,329 shares, compared to its average volume of 770,376. ExlService has a one year low of $28.16 and a one year high of $48.48. The business’s 50-day moving average is $45.61 and its 200-day moving average is $39.97. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The company has a market cap of $7.84 billion, a price-to-earnings ratio of 42.75, a price-to-earnings-growth ratio of 1.97 and a beta of 1.02.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $472.07 million for the quarter, compared to analyst estimates of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 EPS. Equities research analysts predict that ExlService will post 1.27 EPS for the current year.

Insider Activity

In related news, insider Vikas Bhalla sold 22,813 shares of ExlService stock in a transaction on Monday, November 4th. The stock was sold at an average price of $41.86, for a total transaction of $954,952.18. Following the completion of the sale, the insider now directly owns 102,825 shares of the company’s stock, valued at $4,304,254.50. The trade was a 18.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $41.45, for a total transaction of $4,145,000.00. Following the completion of the sale, the chief executive officer now owns 1,290,240 shares in the company, valued at $53,480,448. This represents a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 426,458 shares of company stock worth $18,720,514. 4.16% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ExlService

A number of hedge funds and other institutional investors have recently made changes to their positions in EXLS. Fiera Capital Corp increased its stake in ExlService by 497.8% during the 3rd quarter. Fiera Capital Corp now owns 800,763 shares of the business services provider’s stock worth $30,549,000 after purchasing an additional 666,805 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of ExlService by 1,216.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 530,290 shares of the business services provider’s stock valued at $20,231,000 after purchasing an additional 490,000 shares during the period. Loomis Sayles & Co. L P acquired a new position in shares of ExlService during the third quarter worth about $17,198,000. Mackenzie Financial Corp raised its position in ExlService by 3.2% in the 2nd quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock valued at $238,869,000 after buying an additional 233,108 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in ExlService by 317.0% in the 2nd quarter. Renaissance Technologies LLC now owns 255,200 shares of the business services provider’s stock valued at $8,003,000 after acquiring an additional 194,000 shares in the last quarter. 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.