Needham & Company LLC Issues Positive Forecast for ExlService (NASDAQ:EXLS) Stock Price

ExlService (NASDAQ:EXLS) had its price objective raised by Needham & Company LLC from $50.00 to $60.00 in a research note published on Thursday,Benzinga reports. Needham & Company LLC currently has a buy rating on the business services provider’s stock.

Several other research analysts have also weighed in on the company. Jefferies Financial Group lifted their price objective on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Robert W. Baird increased their price target on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $47.38.

ExlService Trading Down 0.4 %

Shares of NASDAQ EXLS opened at $48.43 on Thursday. The firm has a 50 day moving average price of $47.98 and a two-hundred day moving average price of $43.06. The stock has a market cap of $7.79 billion, a P/E ratio of 42.48, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03. ExlService has a 52-week low of $28.16 and a 52-week high of $52.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.08). The business had revenue of $481.43 million during the quarter, compared to the consensus estimate of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. As a group, equities analysts forecast that ExlService will post 1.27 EPS for the current year.

Insider Transactions at ExlService

In other ExlService news, CFO Maurizio Nicolelli sold 13,753 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $49.14, for a total transaction of $675,822.42. Following 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 filing with the SEC, which is accessible through this hyperlink. Also, EVP Ajay Ayyappan sold 16,186 shares of ExlService stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $51.50, for a total transaction of $833,579.00. Following the transaction, the executive vice president now owns 40,986 shares of the company’s stock, valued at $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 over the last ninety days. 4.16% of the stock is owned by company insiders.

Institutional Trading of ExlService

Institutional investors and hedge funds have recently modified their holdings of the stock. Mather Group LLC. bought a new stake in ExlService during the fourth quarter worth $25,000. Kestra Investment Management LLC purchased a new position in ExlService during the 4th quarter worth $26,000. Ashton Thomas Securities LLC bought a new stake in shares of ExlService in the 3rd quarter worth $27,000. Huntington National Bank grew its stake in shares of ExlService by 2,827.5% in the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after acquiring an additional 1,131 shares in the last quarter. Finally, Morse Asset Management Inc purchased a new stake in shares of ExlService in the fourth quarter valued at about $49,000. 92.92% of the stock is owned by hedge funds and other 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.