ExlService (NASDAQ:EXLS) Stock Rating Upgraded by Wall Street Zen

ExlService (NASDAQ:EXLS) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

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

ExlService Price Performance

NASDAQ EXLS opened at $31.70 on Friday. 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 stock has a market cap of $5.03 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 1.28 and a beta of 0.89. The business has a 50 day simple moving average of $41.01 and a 200 day simple moving average of $41.58. ExlService has a 52-week low of $31.01 and a 52-week high of $52.43.

Insider Activity

In other news, insider Vikas Bhalla sold 11,774 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $39.99, for a total transaction of $470,842.26. Following the completion of the transaction, the insider directly owned 115,272 shares in the company, valued at $4,609,727.28. This represents a 9.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ajay Ayyappan sold 8,114 shares of ExlService stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $42.53, for a total value of $345,088.42. Following the completion of the sale, the executive vice president directly owned 53,515 shares in the company, valued at approximately $2,275,992.95. This represents a 13.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 4.04% of the company’s stock.

Institutional Investors Weigh In On ExlService

Several large investors have recently made changes to their positions in the stock. Mather Group LLC. acquired a new position in ExlService during the third quarter worth $25,000. CENTRAL TRUST Co grew its position in shares of ExlService by 2,428.0% in the 3rd quarter. CENTRAL TRUST Co now owns 632 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 607 shares during the period. True Wealth Design LLC increased its stake in shares of ExlService by 57.2% during the 4th quarter. True Wealth Design LLC now owns 706 shares of the business services provider’s stock worth $30,000 after purchasing an additional 257 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of ExlService by 56.2% in the 4th quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 258 shares during the period. Finally, First Horizon Corp acquired a new stake in ExlService in the 3rd quarter valued at about $32,000. Institutional investors and hedge funds own 92.92% of the company’s stock.

About ExlService

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.