ExlService (NASDAQ: EXLS) rating increases to buy from Zacks Investment Research

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ExlService (NASDAQ: EXLS) has been improved by Zacks investment research from a “keep” note to a “buy” note in a report published on Wednesday, Zacks.com reports. The company currently has a target price of $ 138.00 on shares of the business service provider. Zacks investment researchThe company’s price target indicates a potential 9.32% increase from the company’s current price.

According to Zacks, “ExlService Holdings, Inc. is a leading operations management and analytics company that designs and enables agile, customer-centric operating models to help customers improve revenue growth and their profitability. ExlService Holdings’ delivery model delivers industry-leading business results using EXL Business EXLerator’s proprietary framework, industry-leading analytics, digital transformation and domain expertise. At EXL, deepen your research to help companies improve their global operations, improve data-driven insights, increase customer satisfaction, and manage risk and compliance. EXL serves the insurance, healthcare, banking and financial services, utilities, travel, transportation and logistics sectors. “

Several other equity research analysts have also published reports on EXLS. JPMorgan Chase & Co. raised its price target on ExlService shares from $ 116.00 to $ 134.00 and rated the company “neutral” in a report released on Tuesday, August 17. Wedbush reaffirmed a “neutral” rating on ExlService shares in a report on Thursday, July 29. Five equity research analysts rated the stock with a conservation rating and two issued a buy rating for the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $ 116.50.

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This digital approach to healthcare could represent an opening of 245 billion dollars.

Actions of Stock ExlService traded at $ 2.73 on Wednesday, rising to $ 126.24. The stock had a trading volume of 114,817 shares, compared to its average volume of 156,885. The company’s 50-day moving average price is $ 118.86 and its two-hundred-day moving average price is of $ 105.95. The company has a debt to equity ratio of 0.19, a quick ratio of 2.61 and a current ratio of 2.61. ExlService has a minimum of $ 64.22 over 52 weeks and a maximum of $ 126.89 over 52 weeks. The stock has a market cap of $ 4.19 billion, a P / E ratio of 36.70, a price / earnings-growth ratio of 2.58, and a beta of 0.97.

ExlService (NASDAQ: EXLS) last released its quarterly earnings data on Thursday, July 29. The business services provider reported earnings per share of $ 1.14 for the quarter, beating the Zacks’ consensus estimate by $ 0.85 by $ 0.29. The company posted revenue of $ 275.06 million in the quarter, compared to analysts’ expectations of $ 260.67 million. ExlService had a net margin of 11.55% and a return on equity of 17.92%. As a group, stock analysts predict that ExlService will post earnings per share of 3.65 for the current fiscal year.

In other ExlService news, Director Garen K. Staglin bought 2,500 shares of the company in a transaction dated Thursday, July 1. The stock was purchased at an average cost of $ 107.12 per share, for a total value of $ 267,800.00. Following the purchase, the Director now directly owns 26,899 shares of the company, valued at $ 2,881,420.88. The acquisition was disclosed in a file with the SEC, which can be accessed via this link. Insiders have acquired a total of 7,500 shares of the company worth $ 807,375 in the past 90 days. Company insiders own 2.81% of the company’s shares.

A number of institutional investors have recently changed their positions in the company. BlackRock Inc. increased its stake in ExlService by 3.1% in the 1st quarter. BlackRock Inc. now owns 5,176,422 shares of the business services provider valued at $ 466,705,000 after purchasing an additional 153,566 shares in the last quarter. Vanguard Group Inc. increased its holdings of ExlService shares by 0.3% in the second quarter. Vanguard Group Inc. now owns 3,542,162 shares of the business services provider valued at $ 376,390,000 after purchasing an additional 11,564 shares in the last quarter. FMR LLC increased its stake in ExlService shares by 12.4% during the second quarter. FMR LLC now owns 2,405,925 shares of the business service provider valued at $ 255,653,000 after purchasing an additional 266,227 shares in the last quarter. Macquarie Group Ltd. increased its holdings of ExlService shares by 1.7% in the second quarter. Macquarie Group Ltd. now owns 1,066,739 shares of the business services provider valued at $ 113,352,000 after purchasing an additional 17,664 shares in the last quarter. Finally, State Street Corp increased its stake in ExlService shares by 1.9% during the second quarter. State Street Corp now owns 1,064,283 shares of the business service provider valued at $ 113,091,000 after purchasing an additional 19,824 shares in the last quarter. 95.97% of the shares are held by institutional investors and hedge funds.

ExlService Company Profile

ExlService Holdings, Inc is an operations management and analytics company, committed to business process management. It operates in the following sectors: insurance, healthcare, travel, transport and logistics, finance and accounting, analytics and any other. The Insurance segment serves general insurance, life insurance, disability insurance, annuity and retirement companies.

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Analyst Recommendations for ExlService (NASDAQ: EXLS)

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