ExlService (NASDAQ:EXLS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Monday, Zacks.com reports. The brokerage currently has a $78.00 target price on the business services provider’s stock. Zacks Investment Research‘s target price suggests a potential upside of 12.51% 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. “

Other equities analysts also recently issued reports about the stock. BidaskClub downgraded shares of ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their target price on shares of ExlService from $75.00 to $74.00 and set a “neutral” rating on the stock in a research report on Monday, October 7th. Finally, ValuEngine downgraded shares of ExlService from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $70.83.

Shares of EXLS traded down $0.48 during mid-day trading on Monday, reaching $69.33. The company’s stock had a trading volume of 168,283 shares, compared to its average volume of 119,484. The business has a fifty day moving average of $68.08 and a 200 day moving average of $65.92. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 30.01, a price-to-earnings-growth ratio of 2.70 and a beta of 1.04. ExlService has a 1 year low of $44.29 and a 1 year high of $70.91. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 0.35.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.09. ExlService had a return on equity of 13.56% and a net margin of 5.17%. The business had revenue of $251.40 million during the quarter, compared to analyst estimates of $256.60 million. During the same period last year, the company earned $0.71 earnings per share. ExlService’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, analysts predict that ExlService will post 2.36 earnings per share for the current year.

In other news, CEO Rohit Kapoor sold 25,000 shares of ExlService stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $69.06, for a total value of $1,726,500.00. Following the completion of the transaction, the chief executive officer now owns 267,577 shares in the company, valued at $18,478,867.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Pavan Bagai sold 10,346 shares of ExlService stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.52, for a total transaction of $708,907.92. Following the completion of the transaction, the chief operating officer now owns 45,416 shares of the company’s stock, valued at approximately $3,111,904.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,652 shares of company stock valued at $3,781,637. Corporate insiders own 3.60% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its stake in shares of ExlService by 100.5% in the third quarter. Tower Research Capital LLC TRC now owns 391 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 196 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of ExlService by 1.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 13,468 shares of the business services provider’s stock valued at $891,000 after purchasing an additional 200 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of ExlService by 2.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 10,270 shares of the business services provider’s stock valued at $679,000 after purchasing an additional 230 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of ExlService by 0.6% in the second quarter. Arizona State Retirement System now owns 53,272 shares of the business services provider’s stock valued at $3,523,000 after purchasing an additional 324 shares in the last quarter. Finally, California State Teachers Retirement System increased its holdings in shares of ExlService by 1.2% in the third quarter. California State Teachers Retirement System now owns 52,246 shares of the business services provider’s stock valued at $3,498,000 after purchasing an additional 624 shares in the last quarter. Institutional investors own 92.57% of the company’s stock.

ExlService Company Profile

ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.

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