ExlService (EXLS) Upgraded at BidaskClub

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BidaskClub upgraded shares of ExlService (NASDAQ:EXLS) from a hold rating to a buy rating in a research note issued to investors on Wednesday.

Several other analysts have also issued reports on the company. ValuEngine raised ExlService from a hold rating to a buy rating in a research note on Saturday, September 1st. Cantor Fitzgerald reaffirmed a buy rating and issued a $71.00 target price on shares of ExlService in a research note on Thursday, August 2nd. Zacks Investment Research lowered ExlService from a buy rating to a hold rating in a research note on Wednesday, August 1st. Finally, Barrington Research set a $70.00 price objective on ExlService and gave the company a buy rating in a research note on Tuesday, July 31st. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $64.00.

Shares of EXLS opened at $64.07 on Wednesday. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 2.24 and a beta of 1.29. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 0.10. ExlService has a 1 year low of $52.52 and a 1 year high of $64.95.

ExlService (NASDAQ:EXLS) last issued its earnings results on Thursday, August 2nd. The business services provider reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.14. The business had revenue of $210.11 million during the quarter, compared to analyst estimates of $209.30 million. ExlService had a return on equity of 14.25% and a net margin of 6.11%. ExlService’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.70 earnings per share. sell-side analysts anticipate that ExlService will post 2.22 earnings per share for the current fiscal year.

In related news, CEO Rohit Kapoor sold 40,780 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $63.85, for a total transaction of $2,603,803.00. Following the completion of the transaction, the chief executive officer now owns 280,477 shares in the company, valued at $17,908,456.45. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Vikas Bhalla sold 6,122 shares of the company’s stock in a transaction that occurred on Monday, July 9th. The shares were sold at an average price of $60.00, for a total value of $367,320.00. Following the transaction, the executive vice president now owns 4,615 shares of the company’s stock, valued at approximately $276,900. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,629 shares of company stock valued at $6,858,889. Insiders own 4.40% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can bought a new position in shares of ExlService during the second quarter valued at approximately $286,000. Measured Wealth Private Client Group LLC bought a new position in shares of ExlService during the second quarter valued at approximately $301,000. Atria Investments LLC bought a new position in shares of ExlService during the second quarter valued at approximately $322,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of ExlService during the second quarter valued at approximately $412,000. Finally, Acadian Asset Management LLC bought a new position in shares of ExlService during the second quarter valued at approximately $472,000. Institutional investors own 91.46% of the company’s stock.

About ExlService

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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