ExlService (NASDAQ:EXLS) Price Target Raised to $46.00 at Citigroup

ExlService (NASDAQ:EXLS) had its target price raised by Citigroup from $38.00 to $46.00 in a research report report published on Monday, Benzinga reports. Citigroup currently has a buy rating on the business services provider’s stock.

Several other equities research analysts have also recently weighed in on the company. Robert W. Baird boosted their target price on ExlService from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. upped their target price on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and lifted their price target for the stock from $35.00 to $42.00 in a research note on Monday, September 9th. Finally, Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of ExlService in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $40.86.

ExlService Trading Up 0.4 %

Shares of NASDAQ:EXLS opened at $40.47 on Monday. ExlService has a 52 week low of $25.17 and a 52 week high of $40.56. The company’s 50 day moving average is $36.78 and its two-hundred day moving average is $33.03. The company has a market cap of $6.78 billion, a PE ratio of 37.47, a P/E/G ratio of 2.05 and a beta of 1.00. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.30.

ExlService (NASDAQ:EXLS) last posted its earnings results on Thursday, August 1st. The business services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. The firm had revenue of $448.40 million for the quarter, compared to analyst estimates 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 prior year, the company posted $0.31 earnings per share. Equities analysts predict that ExlService will post 1.28 earnings per share for the current fiscal year.

Insider Buying and Selling at ExlService

In other news, insider Vikas Bhalla sold 11,190 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $34.25, for a total transaction of $383,257.50. Following the completion of the sale, the insider now owns 100,866 shares in the company, valued at approximately $3,454,660.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Vikas Bhalla sold 11,190 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $34.25, for a total transaction of $383,257.50. Following the completion of the sale, the insider now owns 100,866 shares in the company, valued at $3,454,660.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Rohit Kapoor sold 35,000 shares of ExlService 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 completion of the transaction, the chief executive officer now owns 1,424,588 shares in the company, valued at approximately $51,541,593.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 134,875 shares of company stock worth $4,716,859. 3.75% of the stock is owned by company insiders.

Institutional Investors Weigh In On ExlService

A number of hedge funds have recently added to or reduced their stakes in EXLS. Whittier Trust Co. of Nevada Inc. increased its position in ExlService by 164.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock worth $29,000 after purchasing an additional 574 shares during the period. New Covenant Trust Company N.A. acquired a new position in ExlService during the first quarter worth $30,000. Fidelis Capital Partners LLC purchased a new position in ExlService in the first quarter worth $43,000. Headlands Technologies LLC lifted its holdings in ExlService by 269.0% in the first quarter. Headlands Technologies LLC now owns 1,594 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 1,162 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of ExlService by 28.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock worth $55,000 after purchasing an additional 391 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Company Profile

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.