ExlService (NASDAQ:EXLS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday, Zacks.com reports. The firm presently has a $107.00 target price on the business services provider’s stock. Zacks Investment Research‘s target price points to a potential upside of 11.70% from the stock’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 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 topic of several other reports. Robert W. Baird restated a “hold” rating on shares of ExlService in a research report on Sunday, February 28th. Citigroup raised their target price on ExlService from $90.00 to $92.00 and gave the company a “neutral” rating in a research report on Monday, March 8th. Finally, William Blair restated an “outperform” rating on shares of ExlService in a research report on Thursday, February 25th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $83.60.

Shares of ExlService stock traded up $0.61 on Tuesday, reaching $95.79. 154,597 shares of the company were exchanged, compared to its average volume of 159,331. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.06 and a current ratio of 3.06. The company’s 50-day moving average is $92.10 and its two-hundred day moving average is $85.27. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 42.20, a P/E/G ratio of 2.79 and a beta of 0.92. ExlService has a 1-year low of $51.09 and a 1-year high of $96.77.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Thursday, April 29th. The business services provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.33. ExlService had a return on equity of 13.65% and a net margin of 8.14%. As a group, sell-side analysts forecast that ExlService will post 2.83 earnings per share for the current year.

In other ExlService news, EVP Nalin Kumar Miglani sold 972 shares of the stock in a transaction on Tuesday, February 23rd. The stock was sold at an average price of $79.33, for a total transaction of $77,108.76. Following the completion of the transaction, the executive vice president now directly owns 3,333 shares of the company’s stock, valued at approximately $264,406.89. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Vivek Jetley sold 900 shares of the stock in a transaction on Friday, April 23rd. The shares were sold at an average price of $96.50, for a total value of $86,850.00. Following the transaction, the executive vice president now directly owns 42,473 shares of the company’s stock, valued at $4,098,644.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,291 shares of company stock valued at $6,399,412. 3.60% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its stake in shares of ExlService by 1.0% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,931 shares of the business services provider’s stock worth $1,256,000 after acquiring an additional 138 shares in the last quarter. Renaissance Group LLC boosted its stake in shares of ExlService by 1.5% during the 4th quarter. Renaissance Group LLC now owns 11,824 shares of the business services provider’s stock worth $1,007,000 after acquiring an additional 170 shares in the last quarter. Aperio Group LLC boosted its stake in shares of ExlService by 2.3% during the 4th quarter. Aperio Group LLC now owns 9,480 shares of the business services provider’s stock worth $807,000 after acquiring an additional 213 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of ExlService by 3.0% during the 4th quarter. Victory Capital Management Inc. now owns 7,281 shares of the business services provider’s stock worth $620,000 after acquiring an additional 215 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of ExlService by 24.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,980 shares of the business services provider’s stock worth $169,000 after buying an additional 390 shares during the period. 94.84% of the stock is owned by institutional investors and hedge funds.

ExlService Company Profile

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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