Citigroup Increases ExlService (NASDAQ:EXLS) Price Target to $140.00

ExlService (NASDAQ:EXLSGet Rating) had its price target boosted by Citigroup from $134.00 to $140.00 in a research report sent to investors on Friday morning, The Fly reports.

A number of other equities research analysts have also recently weighed in on EXLS. StockNews.com cut ExlService from a buy rating to a hold rating in a research note on Friday, July 22nd. Needham & Company LLC raised ExlService from a hold rating to a buy rating and set a $190.00 target price for the company in a research note on Friday. Robert W. Baird boosted their target price on ExlService from $138.00 to $146.00 in a research note on Thursday, April 14th. Cowen lowered their target price on ExlService from $160.00 to $155.00 and set an outperform rating for the company in a research note on Friday, June 17th. Finally, Cowen lowered their price objective on ExlService from $160.00 to $155.00 in a research report on Friday, June 17th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $156.14.

ExlService Trading Down 0.2 %

Shares of NASDAQ EXLS opened at $168.07 on Friday. ExlService has a twelve month low of $112.14 and a twelve month high of $171.23. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $145.67 and a 200-day simple moving average of $136.46. The stock has a market capitalization of $5.59 billion, a PE ratio of 45.06, a PEG ratio of 2.86 and a beta of 0.93.

ExlService (NASDAQ:EXLSGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The business services provider reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.18. ExlService had a return on equity of 21.78% and a net margin of 10.05%. The business had revenue of $346.78 million during the quarter, compared to analysts’ expectations of $329.60 million. During the same period in the previous year, the firm posted $0.90 earnings per share. The company’s revenue was up 26.1% on a year-over-year basis. On average, equities analysts forecast that ExlService will post 4.53 earnings per share for the current year.

Insider Transactions at ExlService

In other news, Director Garen K. Staglin sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $138.10, for a total transaction of $345,250.00. Following the transaction, the director now directly owns 30,674 shares in the company, valued at $4,236,079.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Vikas Bhalla sold 3,588 shares of ExlService stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $149.90, for a total value of $537,841.20. Following the transaction, the executive vice president now directly owns 13,275 shares in the company, valued at approximately $1,989,922.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Garen K. Staglin sold 2,500 shares of ExlService stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $138.10, for a total transaction of $345,250.00. Following the completion of the transaction, the director now owns 30,674 shares in the company, valued at $4,236,079.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,588 shares of company stock worth $1,253,191. Insiders own 3.51% of the company’s stock.

Hedge Funds Weigh In On ExlService

Hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC boosted its position in shares of ExlService by 62.7% during the 2nd quarter. Parallel Advisors LLC now owns 179 shares of the business services provider’s stock worth $26,000 after purchasing an additional 69 shares in the last quarter. Lloyd Advisory Services LLC. purchased a new stake in shares of ExlService during the 1st quarter worth $27,000. Asset Management One Co. Ltd. purchased a new stake in shares of ExlService during the 4th quarter worth $28,000. Meeder Asset Management Inc. purchased a new stake in shares of ExlService during the 1st quarter worth $32,000. Finally, Prospera Financial Services Inc purchased a new stake in shares of ExlService during the 1st quarter worth $35,000. 94.71% of the stock is currently owned by hedge funds and other institutional investors.

ExlService Company Profile

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ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. It operates through Insurance, Healthcare, Analytics, and Emerging Business segments. The company provides digital operations and solutions and analytics-driven services across the insurance industry in areas, 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.

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