ExlService (EXLS) Rating Increased to Buy at Zacks Investment Research

ExlService (NASDAQ:EXLS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The firm currently has a $65.00 price objective on the business services provider’s stock. Zacks Investment Research‘s target price suggests a potential upside of 11.72% from the company’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. “

Other analysts have also issued reports about the stock. BidaskClub lowered shares of ExlService from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Citigroup increased their price target on shares of ExlService from $59.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Stifel Nicolaus reissued a “buy” rating and set a $67.00 price target on shares of ExlService in a research report on Thursday, October 26th. Cantor Fitzgerald reissued a “buy” rating and set a $64.00 price target on shares of ExlService in a research report on Thursday, October 26th. Finally, ValuEngine lowered shares of ExlService from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $62.08.

ExlService (EXLS) traded up $0.44 during mid-day trading on Tuesday, hitting $58.18. 83,987 shares of the company’s stock traded hands, compared to its average volume of 124,583. The stock has a market capitalization of $1,949.01, a price-to-earnings ratio of 27.57, a price-to-earnings-growth ratio of 1.79 and a beta of 1.14. ExlService has a 1-year low of $44.61 and a 1-year high of $64.34. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.08.

In related news, CFO Vishal Chhibbar sold 3,000 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $63.90, for a total value of $191,700.00. Following the completion of the transaction, the chief financial officer now directly owns 3,000 shares of the company’s stock, valued at approximately $191,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David B. Kelso sold 6,576 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $61.66, for a total transaction of $405,476.16. Following the completion of the transaction, the director now directly owns 6,576 shares of the company’s stock, valued at $405,476.16. The disclosure for this sale can be found here. Insiders sold a total of 24,756 shares of company stock valued at $1,516,115 over the last ninety days. 5.80% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the stock. 1st Global Advisors Inc. raised its position in shares of ExlService by 1.1% in the 2nd quarter. 1st Global Advisors Inc. now owns 9,138 shares of the business services provider’s stock valued at $508,000 after purchasing an additional 100 shares during the last quarter. SG Americas Securities LLC raised its position in shares of ExlService by 6.8% in the 3rd quarter. SG Americas Securities LLC now owns 13,459 shares of the business services provider’s stock valued at $785,000 after purchasing an additional 862 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in ExlService by 7.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 14,600 shares of the business services provider’s stock worth $881,000 after buying an additional 1,000 shares during the period. Voya Investment Management LLC increased its holdings in ExlService by 7.9% in the 2nd quarter. Voya Investment Management LLC now owns 15,567 shares of the business services provider’s stock worth $865,000 after buying an additional 1,135 shares during the period. Finally, LS Investment Advisors LLC increased its holdings in ExlService by 110.6% in the 4th quarter. LS Investment Advisors LLC now owns 2,414 shares of the business services provider’s stock worth $146,000 after buying an additional 1,268 shares during the period. 91.45% of the stock is owned by hedge funds and other institutional investors.

WARNING: “ExlService (EXLS) Rating Increased to Buy at Zacks Investment Research” was first reported by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://www.americanbankingnews.com/2018/02/13/exlservice-exls-rating-increased-to-buy-at-zacks-investment-research.html.

About ExlService

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.

Get a free copy of the Zacks research report on ExlService (EXLS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for ExlService (NASDAQ:EXLS)

Receive News & Ratings for ExlService Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExlService and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply