ExlService (NASDAQ:EXLS) Price Target Cut to $46.00 by Analysts at Stifel Nicolaus

ExlService (NASDAQ:EXLS) had its price objective decreased by stock analysts at Stifel Nicolaus from $54.00 to $46.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Stifel Nicolaus’ price target indicates a potential upside of 60.45% from the company’s previous close.

A number of other research firms have also recently issued reports on EXLS. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price (down from $55.00) on shares of ExlService in a research report on Wednesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ExlService in a report on Thursday, January 22nd. TD Cowen dropped their price objective on shares of ExlService from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, January 9th. Robert W. Baird set a $35.00 price target on shares of ExlService in a report on Wednesday. Finally, Wall Street Zen raised ExlService from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.80.

ExlService Stock Performance

NASDAQ EXLS opened at $28.67 on Thursday. ExlService has a 1 year low of $26.94 and a 1 year high of $51.31. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 18.62, a P/E/G ratio of 1.16 and a beta of 0.88. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.43. The firm’s 50 day simple moving average is $38.18 and its 200 day simple moving average is $40.45.

Insider Buying and Selling at ExlService

In other ExlService news, insider Vikas Bhalla sold 11,774 shares of ExlService stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $39.99, for a total value of $470,842.26. Following the sale, the insider owned 115,272 shares of the company’s stock, valued at approximately $4,609,727.28. The trade was a 9.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ajay Ayyappan sold 8,114 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $42.53, for a total transaction of $345,088.42. Following the sale, the executive vice president owned 53,515 shares of the company’s stock, valued at approximately $2,275,992.95. The trade was a 13.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 23,360 shares of company stock worth $920,567. Company insiders own 4.04% of the company’s stock.

Institutional Trading of ExlService

Hedge funds and other institutional investors have recently modified their holdings of the business. Mather Group LLC. bought a new position in ExlService in the 3rd quarter worth approximately $25,000. CENTRAL TRUST Co boosted its stake in ExlService by 2,428.0% in the 3rd quarter. CENTRAL TRUST Co now owns 632 shares of the business services provider’s stock worth $28,000 after purchasing an additional 607 shares during the period. Transamerica Financial Advisors LLC lifted its stake in ExlService by 285.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 678 shares of the business services provider’s stock worth $29,000 after purchasing an additional 502 shares in the last quarter. True Wealth Design LLC increased its stake in ExlService by 57.2% in the 4th quarter. True Wealth Design LLC now owns 706 shares of the business services provider’s stock worth $30,000 after acquiring an additional 257 shares during the last quarter. Finally, Private Trust Co. NA raised its holdings in shares of ExlService by 56.2% in the 4th quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 258 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

ExlService Company Profile

ExlService Holdings, Inc (NASDAQ: EXLS) is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.