TD Cowen Increases ExlService (NASDAQ:EXLS) Price Target to $37.00

ExlService (NASDAQ:EXLSGet Free Report) had its price target hoisted by equities research analysts at TD Cowen from $36.00 to $37.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. TD Cowen’s price objective points to a potential upside of 19.20% from the company’s previous close.

Several other brokerages have also recently commented on EXLS. Wedbush reaffirmed a “neutral” rating and set a $34.00 target price on shares of ExlService in a report on Thursday, December 14th. Citigroup raised shares of ExlService from a “neutral” rating to a “buy” rating and raised their target price for the stock from $29.00 to $36.00 in a report on Wednesday, January 17th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of ExlService in a research note on Friday, March 1st. Finally, StockNews.com cut shares of ExlService from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $36.00.

Read Our Latest Research Report on EXLS

ExlService Trading Up 0.5 %

Shares of NASDAQ:EXLS opened at $31.04 on Tuesday. ExlService has a 52-week low of $25.17 and a 52-week high of $35.94. The company has a market capitalization of $5.15 billion, a P/E ratio of 28.37, a price-to-earnings-growth ratio of 1.64 and a beta of 0.97. The company has a 50-day simple moving average of $31.12 and a 200 day simple moving average of $29.67. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.08 and a current ratio of 2.08.

ExlService (NASDAQ:EXLSGet Free Report) last issued its quarterly earnings data on Thursday, February 29th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). The company had revenue of $414.06 million for the quarter, compared to analyst estimates of $408.56 million. ExlService had a return on equity of 22.83% and a net margin of 11.32%. Sell-side analysts forecast that ExlService will post 1.3 earnings per share for the current year.

Insider Transactions at ExlService

In other news, EVP Vikas Bhalla sold 23,760 shares of ExlService stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $31.51, for a total transaction of $748,677.60. Following the transaction, the executive vice president now owns 127,046 shares in the company, valued at $4,003,219.46. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Vikas Bhalla sold 23,760 shares of ExlService stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $31.51, for a total transaction of $748,677.60. Following the transaction, the executive vice president now owns 127,046 shares in the company, valued at $4,003,219.46. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ajay Ayyappan sold 9,259 shares of ExlService stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total transaction of $292,491.81. Following the transaction, the executive vice president now owns 50,693 shares in the company, valued at approximately $1,601,391.87. The disclosure for this sale can be found here. 3.75% of the stock is owned by company insiders.

Hedge Funds Weigh In On ExlService

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. bought a new stake in ExlService in the first quarter valued at $61,000. Quarry LP increased its stake in ExlService by 120.5% in the first quarter. Quarry LP now owns 430 shares of the business services provider’s stock valued at $70,000 after purchasing an additional 235 shares in the last quarter. Fortis Capital Advisors LLC bought a new stake in ExlService in the fourth quarter valued at $117,000. Covestor Ltd increased its position in shares of ExlService by 6,266.7% during the first quarter. Covestor Ltd now owns 955 shares of the business services provider’s stock worth $137,000 after acquiring an additional 940 shares in the last quarter. Finally, FinTrust Capital Advisors LLC bought a new stake in shares of ExlService during the third quarter worth about $29,000. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Company Profile

(Get Free Report)

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.

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Analyst Recommendations for ExlService (NASDAQ:EXLS)

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