ExlService (NASDAQ:EXLS) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a note issued to investors on Thursday. The brokerage presently has a $69.00 price objective on the business services provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 11.02% from the company’s current price.

According to Zacks, “ExlService Holdings, Inc. is a leading operations management and analytics company that designs and enables agile, customer-centric operating models to help clients improve their revenue growth and profitability. ExlService Holdings delivery model provides market-leading business outcomes using EXL’s proprietary Business EXLerator Framework, cutting-edge analytics, digital transformation and domain expertise. At EXL, look deeper to help companies improve global operations, enhance data-driven insights, increase customer satisfaction, and manage risk and compliance. EXL serves the insurance, healthcare, banking and financial services, utilities, travel, transportation and logistics industries. “

EXLS has been the topic of a number of other research reports. Barrington Research upped their target price on shares of ExlService from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. BidaskClub lowered shares of ExlService from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. ValuEngine lowered shares of ExlService from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Needham & Company LLC restated a “buy” rating and issued a $68.00 target price (up previously from $60.00) on shares of ExlService in a report on Sunday, October 29th. Finally, Robert W. Baird upped their target price on shares of ExlService from $62.00 to $66.00 and gave the stock an “outperform” rating in a report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. ExlService has an average rating of “Hold” and an average price target of $62.42.

ExlService (NASDAQ EXLS) traded up $0.72 on Thursday, hitting $62.15. 86,922 shares of the company were exchanged, compared to its average volume of 128,873. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.08. ExlService has a 12 month low of $44.25 and a 12 month high of $63.35. The firm has a market cap of $2,110.00, a price-to-earnings ratio of 29.45, a PEG ratio of 1.93 and a beta of 1.26.

ExlService (NASDAQ:EXLS) last posted its earnings results on Thursday, October 26th. The business services provider reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.03. ExlService had a net margin of 9.94% and a return on equity of 14.81%. The company had revenue of $192.30 million for the quarter, compared to analyst estimates of $191.20 million. During the same quarter in the prior year, the business posted $0.61 EPS. The firm’s revenue was up 12.3% compared to the same quarter last year. sell-side analysts predict that ExlService will post 2.12 earnings per share for the current fiscal year.

In other news, EVP Nalin Kumar Miglani sold 3,526 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $60.37, for a total transaction of $212,864.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Rohit Kapoor sold 16,206 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $62.56, for a total transaction of $1,013,847.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,340 shares of company stock valued at $3,427,555. Company insiders own 5.80% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in EXLS. Schwab Charles Investment Management Inc. grew its position in shares of ExlService by 7.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 144,181 shares of the business services provider’s stock valued at $8,014,000 after acquiring an additional 9,895 shares during the period. Legal & General Group Plc grew its position in shares of ExlService by 9.1% during the 2nd quarter. Legal & General Group Plc now owns 63,428 shares of the business services provider’s stock valued at $3,527,000 after acquiring an additional 5,272 shares during the period. Victory Capital Management Inc. grew its position in shares of ExlService by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,610 shares of the business services provider’s stock valued at $256,000 after acquiring an additional 692 shares during the period. Prudential Financial Inc. grew its position in shares of ExlService by 1.9% during the 2nd quarter. Prudential Financial Inc. now owns 58,933 shares of the business services provider’s stock valued at $3,275,000 after acquiring an additional 1,074 shares during the period. Finally, Swiss National Bank grew its position in shares of ExlService by 2.9% during the 2nd quarter. Swiss National Bank now owns 56,668 shares of the business services provider’s stock valued at $3,150,000 after acquiring an additional 1,600 shares during the period. 92.13% of the stock is owned by hedge funds and other institutional investors.

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ExlService Company Profile

ExlService Holdings, Inc is an operations management and analytics company. The Company segments include Insurance; Healthcare; Travel, Transportation and Logistics; Finance and Accounting (F&A); Analytics, and All Other. The Insurance operating segment serves property and casualty insurance, life insurance, disability insurance, annuity and retirement services companies.

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