ExlService (EXLS) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of ExlService (NASDAQ:EXLS) from a hold rating to a buy rating in a report released on Monday. Zacks Investment Research currently has $68.00 price target 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. “
Several other research firms have also recently commented on EXLS. Barrington Research increased their price objective on ExlService from $65.00 to $72.00 and gave the company an outperform rating in a research report on Friday, October 27th. Citigroup increased their price objective on ExlService from $59.00 to $61.00 and gave the company a neutral rating in a research report on Friday, October 27th. Stifel Nicolaus reissued a buy rating and issued a $67.00 target price on shares of ExlService in a report on Thursday, October 26th. Cantor Fitzgerald reissued a buy rating and issued a $64.00 target price on shares of ExlService in a report on Thursday, October 26th. Finally, Needham & Company LLC reissued a buy rating and issued a $68.00 target price (up previously from $60.00) on shares of ExlService in a report on Sunday, October 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $62.33.
In other ExlService news, CFO Vishal Chhibbar sold 3,000 shares of the stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $63.90, for a total value of $191,700.00. Following the transaction, the chief financial officer now owns 3,000 shares of the company’s stock, valued at $191,700. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Nalin Kumar Miglani sold 3,526 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $60.37, for a total value of $212,864.62. The disclosure for this sale can be found here. In the last three months, insiders sold 24,756 shares of company stock worth $1,516,115. 5.80% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. 1st Global Advisors Inc. raised its stake in shares of ExlService by 1.1% in the second quarter. 1st Global Advisors Inc. now owns 9,138 shares of the business services provider’s stock worth $508,000 after buying an additional 100 shares during the period. Amalgamated Bank raised its stake in shares of ExlService by 5.2% in the second quarter. Amalgamated Bank now owns 4,539 shares of the business services provider’s stock worth $252,000 after buying an additional 225 shares during the period. SG Americas Securities LLC raised its stake in shares of ExlService by 6.8% in the third quarter. SG Americas Securities LLC now owns 13,459 shares of the business services provider’s stock worth $785,000 after buying an additional 862 shares during the period. M&T Bank Corp raised its stake in shares of ExlService by 15.2% in the second quarter. M&T Bank Corp now owns 6,568 shares of the business services provider’s stock worth $365,000 after buying an additional 865 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in shares of ExlService by 7.4% in the fourth quarter. Louisiana State Employees Retirement System now owns 14,600 shares of the business services provider’s stock worth $881,000 after buying an additional 1,000 shares during the period. 91.97% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION WARNING: This report was originally published by Watch List News and is the property of of Watch List News. If you are reading this report on another site, it was illegally copied and republished in violation of international copyright and trademark legislation. The correct version of this report can be read at https://www.watchlistnews.com/exlservice-exls-upgraded-at-zacks-investment-research/1855126.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ExlService Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExlService and related companies with MarketBeat.com's FREE daily email newsletter.