ExlService (NASDAQ:EXLS) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The firm currently has a $69.00 price objective on the business services provider’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 11.02% from the stock’s previous close.

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. “

A number of other equities research analysts also recently weighed in on EXLS. SunTrust Banks reaffirmed a “hold” rating and set a $60.00 price objective on shares of ExlService in a research report on Monday, October 9th. Robert W. Baird raised their price objective on ExlService from $62.00 to $66.00 and gave the company an “outperform” rating in a research report on Thursday, October 12th. Cowen reaffirmed a “buy” rating and set a $54.00 price objective on shares of ExlService in a research report on Thursday, October 12th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $64.00 price objective on shares of ExlService in a research report on Thursday, October 26th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $67.00 price objective on shares of ExlService in a research report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. ExlService has a consensus rating of “Hold” and a consensus target price of $62.42.

Shares of ExlService (NASDAQ:EXLS) traded up $0.72 during mid-day trading on Thursday, reaching $62.15. The company had a trading volume of 86,922 shares, compared to its average volume of 128,873. ExlService has a 12 month low of $44.25 and a 12 month high of $63.35. The company has a market capitalization of $2,110.00, a P/E ratio of 29.45, a P/E/G ratio of 1.93 and a beta of 1.26. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.81 and a current ratio of 3.81.

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

In other ExlService news, Director Clyde W. Ostler sold 6,916 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $62.10, for a total value of $429,483.60. Following the completion of the sale, the director now directly owns 6,916 shares in the company, valued at $429,483.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Rohit Kapoor sold 931 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $62.50, for a total value of $58,187.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,340 shares of company stock valued at $3,427,555. 5.80% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Bank of Montreal Can raised its stake in shares of ExlService by 0.7% in the second quarter. Bank of Montreal Can now owns 4,478 shares of the business services provider’s stock worth $249,000 after purchasing an additional 31 shares during the last quarter. Aperio Group LLC raised its stake in shares of ExlService by 0.4% in the third quarter. Aperio Group LLC now owns 9,071 shares of the business services provider’s stock worth $452,000 after purchasing an additional 32 shares during the last quarter. Atria Investments LLC raised its stake in shares of ExlService by 1.1% in the second quarter. Atria Investments LLC now owns 5,055 shares of the business services provider’s stock worth $281,000 after purchasing an additional 56 shares during the last quarter. Pinebridge Investments L.P. raised its stake in shares of ExlService by 1.5% in the second quarter. Pinebridge Investments L.P. now owns 4,437 shares of the business services provider’s stock worth $246,000 after purchasing an additional 67 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of ExlService by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,700 shares of the business services provider’s stock worth $175,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 92.13% of the company’s stock.

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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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