ExlService (NASDAQ:EXLS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of ExlService (NASDAQ:EXLS) from a hold rating to a buy rating in a research note released on Saturday.

EXLS has been the topic of a number of other reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ExlService in a report on Thursday, January 22nd. TD Cowen cut their price target on shares of ExlService from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, January 9th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

ExlService Trading Down 1.9%

NASDAQ EXLS opened at $31.10 on Friday. The company has a market cap of $4.94 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 1.28 and a beta of 0.89. ExlService has a twelve month low of $29.97 and a twelve month high of $52.07. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.43. The business’s fifty day moving average is $40.83 and its 200 day moving average is $41.50.

Insider Activity

In related news, insider Vikas Bhalla sold 11,774 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $39.99, for a total transaction of $470,842.26. Following the completion of the transaction, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ajay Ayyappan sold 8,114 shares of the firm’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $42.53, for a total transaction of $345,088.42. Following the completion of the transaction, the executive vice president directly 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.04% of the stock is owned by company insiders.

Institutional Trading of ExlService

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Invesco Ltd. grew its position in ExlService by 193.6% during the 2nd quarter. Invesco Ltd. now owns 4,645,745 shares of the business services provider’s stock worth $203,437,000 after acquiring an additional 3,063,510 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of ExlService by 540.4% during the third quarter. AQR Capital Management LLC now owns 1,963,973 shares of the business services provider’s stock valued at $86,474,000 after purchasing an additional 1,657,317 shares during the period. Amundi bought a new position in shares of ExlService in the third quarter worth approximately $67,862,000. Schroder Investment Management Group bought a new position in shares of ExlService in the second quarter worth approximately $60,415,000. Finally, Jane Street Group LLC increased its stake in shares of ExlService by 534.2% in the second quarter. Jane Street Group LLC now owns 1,354,599 shares of the business services provider’s stock worth $59,318,000 after buying an additional 1,141,008 shares during the period. Hedge funds and other institutional investors own 92.92% of the company’s stock.

About ExlService

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.