Cantor Fitzgerald reaffirmed their buy rating on shares of ExlService (NASDAQ:EXLS) in a research note released on Monday morning. Cantor Fitzgerald currently has a $71.00 price target on the business services provider’s stock.
“We are hosting a call for institutional investors focused on providing valuable insight into the Robotics Processing Automation (RPA) industry on March 2 at 10 AM ET. Please ask us or your Cantor salesperson for details or let us know if you have any questions for the call.”,” the firm’s analyst wrote.
Several other research firms have also issued reports on EXLS. Barrington Research raised their price target on shares of ExlService from $65.00 to $72.00 and gave the stock an outperform rating in a research report on Friday, October 27th. Citigroup raised their price target on shares of ExlService from $59.00 to $61.00 and gave the stock a neutral rating in a research report on Friday, October 27th. Stifel Nicolaus restated a buy rating and issued a $67.00 price target on shares of ExlService in a research report on Thursday, October 26th. Needham & Company LLC restated a buy rating and issued a $68.00 price target (up from $60.00) on shares of ExlService in a research report on Sunday, October 29th. Finally, Zacks Investment Research upgraded shares of ExlService from a hold rating to a buy rating and set a $68.00 price target on the stock in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $62.67.
Shares of ExlService (NASDAQ:EXLS) opened at $60.23 on Monday. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.08. The stock has a market cap of $2,044.39, a price-to-earnings ratio of 28.55, a price-to-earnings-growth ratio of 1.88 and a beta of 1.14. ExlService has a 12-month low of $44.61 and a 12-month high of $64.34.
In other news, EVP Nalin Kumar Miglani sold 3,526 shares of ExlService stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $60.37, for a total transaction of $212,864.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Vishal Chhibbar sold 3,000 shares of ExlService stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $63.90, for a total transaction of $191,700.00. Following the transaction, the chief financial officer now directly owns 3,000 shares of the company’s stock, valued at $191,700. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,180 shares of company stock worth $1,110,639. 5.80% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. LS Investment Advisors LLC lifted its holdings in ExlService by 110.6% during the 4th quarter. LS Investment Advisors LLC now owns 2,414 shares of the business services provider’s stock valued at $146,000 after purchasing an additional 1,268 shares during the last quarter. We Are One Seven LLC bought a new position in ExlService during the 4th quarter valued at about $191,000. Allianz Asset Management GmbH bought a new position in ExlService during the 4th quarter valued at about $204,000. Dean Capital Investments Management LLC bought a new position in ExlService during the 4th quarter valued at about $206,000. Finally, ETRADE Capital Management LLC bought a new position in ExlService during the 3rd quarter valued at about $216,000. 92.49% of the stock is owned by hedge funds and other institutional investors.
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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.
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