Zacks Investment Research upgraded shares of ExlService (NASDAQ:EXLS) from a hold rating to a buy rating in a research note issued to investors on Monday morning. They currently have $68.00 target price on the business services provider’s stock.
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 clients improve their revenue growth and profitability. ExlService Holdings delivery model provides market-leading business outcomes using EXL’s proprietary Business EXLerator Framework, cutting-edge analytics, digital transformation and domain expertise. At EXL, look deeper to help companies improve global operations, enhance 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 industries. “
A number of other analysts have also recently issued reports on the stock. BidaskClub cut shares of ExlService from a hold rating to a sell rating in a research note on Thursday, January 4th. ValuEngine cut shares of ExlService from a buy rating to a hold rating in a research note on Friday, December 1st. Needham & Company LLC reiterated a buy rating and issued a $68.00 target price (up from $60.00) on shares of ExlService in a research note on Sunday, October 29th. Barrington Research lifted their target price on shares of ExlService from $65.00 to $72.00 and gave the company an outperform rating in a research note on Friday, October 27th. Finally, Citigroup lifted their target price on shares of ExlService from $59.00 to $61.00 and gave the company a neutral rating in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $62.33.
In other news, CFO Vishal Chhibbar sold 3,000 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $63.90, for a total value of $191,700.00. Following the completion of the sale, the chief financial officer now directly owns 3,000 shares in the company, valued at $191,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David B. Kelso sold 7,329 shares of the business’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $60.72, for a total transaction of $445,016.88. Following the completion of the sale, the director now owns 4,629 shares of the company’s stock, valued at $281,072.88. The disclosure for this sale can be found here. Insiders sold 24,756 shares of company stock valued at $1,516,115 over the last 90 days. 5.80% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of EXLS. Ameriprise Financial Inc. lifted its stake in shares of ExlService by 0.5% in the second quarter. Ameriprise Financial Inc. now owns 202,609 shares of the business services provider’s stock worth $11,263,000 after buying an additional 1,009 shares during the last quarter. Amalgamated Bank increased its position in ExlService by 5.2% during the second quarter. Amalgamated Bank now owns 4,539 shares of the business services provider’s stock worth $252,000 after acquiring an additional 225 shares during the period. New York State Common Retirement Fund increased its position in ExlService by 5.4% during the second quarter. New York State Common Retirement Fund now owns 35,400 shares of the business services provider’s stock worth $1,968,000 after acquiring an additional 1,799 shares during the period. UBS Asset Management Americas Inc. increased its position in ExlService by 11.5% during the second quarter. UBS Asset Management Americas Inc. now owns 17,294 shares of the business services provider’s stock worth $961,000 after acquiring an additional 1,777 shares during the period. Finally, GSA Capital Partners LLP bought a new position in ExlService during the second quarter worth $234,000. Institutional investors and hedge funds own 91.97% of the company’s stock.
ExlService Company Profile
ExlService Holdings, Inc is an operations management and analytics company. The Company segments include Insurance; Healthcare; Travel, Transportation and Logistics; Finance and Accounting (F&A); Analytics, and All Other. The Insurance operating segment serves property and casualty insurance, life insurance, disability insurance, annuity and retirement services companies.
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