ExlService (NASDAQ:EXLS) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of ExlService (NASDAQ:EXLS) from a hold rating to a buy rating in a report issued on Saturday.

Several other analysts have also issued reports on the stock. TD Cowen dropped their price target on shares of ExlService from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, January 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of ExlService in a research note on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $53.00.

ExlService Stock Up 1.6%

Shares of NASDAQ:EXLS opened at $31.70 on Friday. ExlService has a 52 week low of $31.01 and a 52 week high of $52.43. The company has a market capitalization of $5.03 billion, a PE ratio of 21.56, a PEG ratio of 1.28 and a beta of 0.88. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.91 and a current ratio of 2.91. The company has a 50 day moving average price of $41.01 and a two-hundred day moving average price of $41.59.

Insider Buying and Selling

In related news, EVP Ajay Ayyappan sold 8,114 shares of the stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $42.53, for a total transaction of $345,088.42. Following the sale, the executive vice president owned 53,515 shares in the company, valued at approximately $2,275,992.95. This trade represents a 13.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Vikas Bhalla sold 11,774 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $39.99, for a total transaction of $470,842.26. Following the transaction, the insider owned 115,272 shares of the company’s stock, valued at approximately $4,609,727.28. This represents a 9.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 4.04% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EXLS. Invesco Ltd. lifted its holdings in shares of ExlService by 193.6% in the second quarter. Invesco Ltd. now owns 4,645,745 shares of the business services provider’s stock worth $203,437,000 after acquiring an additional 3,063,510 shares during the last quarter. AQR Capital Management LLC increased its position in ExlService by 540.4% during the 3rd quarter. AQR Capital Management LLC now owns 1,963,973 shares of the business services provider’s stock worth $86,474,000 after purchasing an additional 1,657,317 shares in the last quarter. Amundi bought a new position in ExlService in the 3rd quarter valued at approximately $67,862,000. Schroder Investment Management Group acquired a new stake in ExlService in the second quarter valued at approximately $60,415,000. Finally, Jane Street Group LLC boosted its position in ExlService by 534.2% in the second quarter. Jane Street Group LLC now owns 1,354,599 shares of the business services provider’s stock valued at $59,318,000 after buying an additional 1,141,008 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

ExlService Company Profile

ExlService Holdings, Inc (NASDAQ: EXLS) is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.