ExlService (NASDAQ:EXLS) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a report released on Tuesday.

A number of other equities analysts also recently issued reports on EXLS. Zacks Investment Research upgraded shares of ExlService from a “sell” rating to a “hold” rating in a research note on Monday, October 15th. Barrington Research set a $70.00 price objective on shares of ExlService and gave the company a “buy” rating in a research note on Tuesday, October 23rd. ValuEngine downgraded shares of ExlService from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. Finally, Wedbush reiterated a “neutral” rating on shares of ExlService in a research note on Wednesday, November 28th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $65.20.

NASDAQ EXLS opened at $60.67 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.28 and a current ratio of 3.28. ExlService has a 52-week low of $44.29 and a 52-week high of $67.06. The company has a market cap of $2.06 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 1.91 and a beta of 1.18.

In other news, EVP Nalin Kumar Miglani sold 3,742 shares of the stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $54.16, for a total transaction of $202,666.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Pavan Bagai sold 5,000 shares of the stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $58.18, for a total transaction of $290,900.00. Following the transaction, the chief operating officer now owns 62,861 shares in the company, valued at $3,657,252.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,628 shares of company stock worth $1,565,794. Insiders own 4.40% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Comerica Bank lifted its position in ExlService by 0.6% during the fourth quarter. Comerica Bank now owns 33,605 shares of the business services provider’s stock valued at $1,881,000 after acquiring an additional 215 shares during the last quarter. Private Capital Group LLC lifted its position in ExlService by 36.9% during the fourth quarter. Private Capital Group LLC now owns 917 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 247 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in ExlService by 12.6% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,192 shares of the business services provider’s stock valued at $542,000 after acquiring an additional 916 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in ExlService by 2.5% during the third quarter. PNC Financial Services Group Inc. now owns 40,182 shares of the business services provider’s stock valued at $2,662,000 after acquiring an additional 977 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. lifted its position in ExlService by 4.8% during the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 22,000 shares of the business services provider’s stock valued at $1,158,000 after acquiring an additional 1,000 shares during the last quarter. 93.35% of the stock is owned by institutional investors.

About ExlService

ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.

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Analyst Recommendations for ExlService (NASDAQ:EXLS)

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