Zacks Investment Research upgraded shares of ExlService (NASDAQ:EXLS) from a sell rating to a buy rating in a research note released on Thursday morning. Zacks Investment Research currently has $69.00 price objective 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. “

EXLS has been the subject of a number of other reports. SunTrust Banks reiterated a hold rating and set a $60.00 price target on shares of ExlService in a research report on Monday, October 9th. Cowen reiterated a buy rating and set a $54.00 price target on shares of ExlService in a research report on Thursday, October 12th. Robert W. Baird lifted their price target on shares of ExlService from $62.00 to $66.00 and gave the company an outperform rating in a research report on Thursday, October 12th. ValuEngine cut shares of ExlService from a buy rating to a hold rating in a research report on Friday, December 1st. Finally, BidaskClub cut shares of ExlService from a buy rating to a hold rating in a research report on Saturday, December 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $62.42.

Shares of ExlService (NASDAQ EXLS) traded down $0.11 on Thursday, hitting $62.04. 99,000 shares of the company’s stock were exchanged, compared to its average volume of 90,300. ExlService has a 1-year low of $44.25 and a 1-year high of $63.35. The firm has a market capitalization of $2,105.82, a PE ratio of 29.40, a PEG ratio of 1.93 and a beta of 1.26. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.08.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. ExlService had a net margin of 9.94% and a return on equity of 14.81%. The business had revenue of $192.30 million during the quarter, compared to analysts’ expectations of $191.20 million. During the same period last year, the business earned $0.61 earnings per share. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. equities analysts forecast that ExlService will post 2.12 earnings per share for the current year.

In related news, Director David B. Kelso sold 7,329 shares of ExlService stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $60.72, for a total value of $445,016.88. Following the completion of the transaction, the director now owns 4,629 shares in the company, valued at $281,072.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rohit Kapoor sold 931 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $62.50, for a total transaction of $58,187.50. The disclosure for this sale can be found here. Insiders sold 55,340 shares of company stock valued at $3,427,555 in the last 90 days. Company insiders own 5.80% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Riverhead Capital Management LLC grew its holdings in ExlService by 61.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,264 shares of the business services provider’s stock worth $126,000 after acquiring an additional 864 shares in the last quarter. ETRADE Capital Management LLC acquired a new position in ExlService during the 3rd quarter worth approximately $216,000. GSA Capital Partners LLP acquired a new position in ExlService during the 2nd quarter worth approximately $234,000. Pinebridge Investments L.P. grew its holdings in ExlService by 1.5% during the 2nd quarter. Pinebridge Investments L.P. now owns 4,437 shares of the business services provider’s stock worth $246,000 after acquiring an additional 67 shares in the last quarter. Finally, Amalgamated Bank grew its holdings in ExlService by 5.2% during the 2nd quarter. Amalgamated Bank now owns 4,539 shares of the business services provider’s stock worth $252,000 after acquiring an additional 225 shares in the last quarter. Institutional investors own 92.13% of the company’s stock.

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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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