Robert W. Baird Forecasts Strong Price Appreciation for ExlService (NASDAQ:EXLS) Stock

ExlService (NASDAQ:EXLS) had its target price upped by Robert W. Baird from $40.00 to $44.00 in a report released on Thursday morning, Benzinga reports. Robert W. Baird currently has a neutral rating on the business services provider’s stock.

EXLS has been the subject of several other research reports. JPMorgan Chase & Co. increased their price objective on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of ExlService in a research report on Friday, August 2nd. Citigroup increased their target price on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Finally, Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and increased their target price for the company from $35.00 to $42.00 in a research report on Monday, September 9th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.86.

ExlService Trading Down 0.0 %

NASDAQ:EXLS opened at $41.65 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.45 and a current ratio of 3.02. The firm has a market cap of $6.70 billion, a price-to-earnings ratio of 36.54, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99. ExlService has a 52 week low of $26.15 and a 52 week high of $42.27. The firm has a 50-day moving average price of $37.94 and a two-hundred day moving average price of $33.84.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $472.07 million during the quarter, compared to analyst estimates of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter last year, the business posted $0.30 EPS. On average, equities analysts expect that ExlService will post 1.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Vikas Bhalla sold 11,190 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $34.25, for a total value of $383,257.50. Following the completion of the transaction, the insider now directly owns 100,866 shares of the company’s stock, valued at approximately $3,454,660.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Vikas Bhalla sold 11,190 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $34.25, for a total value of $383,257.50. Following the completion of the transaction, the insider now directly owns 100,866 shares of the company’s stock, valued at approximately $3,454,660.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rohit Kapoor sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $34.05, for a total transaction of $1,362,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,509,588 shares of the company’s stock, valued at approximately $51,401,471.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,875 shares of company stock valued at $4,716,859. Company insiders own 4.16% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EXLS. State of Michigan Retirement System boosted its holdings in ExlService by 2.3% in the 1st quarter. State of Michigan Retirement System now owns 40,500 shares of the business services provider’s stock valued at $1,288,000 after purchasing an additional 900 shares during the period. Van ECK Associates Corp boosted its holdings in ExlService by 36.5% in the 1st quarter. Van ECK Associates Corp now owns 63,391 shares of the business services provider’s stock valued at $2,016,000 after purchasing an additional 16,954 shares during the period. Retirement Systems of Alabama boosted its holdings in ExlService by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 207,102 shares of the business services provider’s stock valued at $6,586,000 after purchasing an additional 545 shares during the period. BNP Paribas Financial Markets boosted its holdings in ExlService by 17.8% in the 1st quarter. BNP Paribas Financial Markets now owns 242,930 shares of the business services provider’s stock valued at $7,725,000 after purchasing an additional 36,699 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in ExlService by 5.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 13,863 shares of the business services provider’s stock valued at $441,000 after purchasing an additional 682 shares during the period. 92.92% of the stock is owned by institutional investors.

About ExlService

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.