ExlService (NASDAQ:EXLS) Given Buy Rating at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of ExlService (NASDAQ:EXLS - Free Report) in a research report report published on Friday morning, Benzinga reports. They currently have a $40.00 target price on the business services provider's stock.

A number of other brokerages have also weighed in on EXLS. Citigroup reduced their target price on shares of ExlService from $38.00 to $37.00 and set a buy rating for the company in a research note on Monday, April 22nd. Wedbush reaffirmed a neutral rating and issued a $34.00 target price on shares of ExlService in a research note on Wednesday. TD Cowen boosted their price target on shares of ExlService from $36.00 to $37.00 and gave the stock an outperform rating in a research report on Tuesday, April 2nd. Finally, StockNews.com cut shares of ExlService from a buy rating to a hold rating in a research report on Thursday, February 29th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $36.14.

ExlService Trading Down 1.3 %

Shares of EXLS stock traded down $0.38 on Friday, hitting $29.65. The stock had a trading volume of 976,364 shares, compared to its average volume of 979,153. ExlService has a twelve month low of $25.17 and a twelve month high of $34.41. The firm has a market cap of $4.82 billion, a P/E ratio of 27.10, a PEG ratio of 1.52 and a beta of 1.00. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average price of $30.54 and a two-hundred day moving average price of $29.83.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings results 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). ExlService had a net margin of 11.32% and a return on equity of 22.83%. The firm had revenue of $414.06 million during the quarter, compared to analyst estimates of $408.56 million. As a group, analysts forecast that ExlService will post 1.3 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. GHP Investment Advisors Inc. raised its holdings in ExlService by 1,301.4% in the 4th quarter. GHP Investment Advisors Inc. now owns 85,723 shares of the business services provider's stock valued at $2,645,000 after acquiring an additional 79,606 shares during the period. Boston Trust Walden Corp grew its position in shares of ExlService by 19.4% during the 4th quarter. Boston Trust Walden Corp now owns 3,725,199 shares of the business services provider's stock worth $114,922,000 after purchasing an additional 606,215 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of ExlService by 398.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 386,000 shares of the business services provider's stock worth $10,823,000 after purchasing an additional 308,618 shares in the last quarter. Vanguard Group Inc. grew its position in shares of ExlService by 402.9% during the 3rd quarter. Vanguard Group Inc. now owns 16,834,702 shares of the business services provider's stock worth $472,045,000 after purchasing an additional 13,487,495 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in shares of ExlService by 422.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 57,775 shares of the business services provider's stock worth $1,627,000 after purchasing an additional 46,717 shares in the last quarter. 92.92% of the stock is owned by institutional investors.

ExlService Company Profile

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.