Stifel Nicolaus Cuts ExlService (NASDAQ:EXLS) Price Target to $46.00

ExlService (NASDAQ:EXLS) had its price objective lowered by analysts at Stifel Nicolaus from $54.00 to $46.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 60.45% from the company’s current price.

A number of other equities analysts have also recently weighed in on EXLS. TD Cowen decreased their price objective on ExlService from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, January 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of ExlService in a research report on Thursday, January 22nd. Needham & Company LLC restated a “buy” rating and set a $40.00 price objective (down from $55.00) on shares of ExlService in a research note on Wednesday. Robert W. Baird set a $35.00 target price on ExlService in a research note on Wednesday. Finally, Wall Street Zen raised ExlService from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.80.

ExlService Stock Down 0.3%

Shares of NASDAQ:EXLS opened at $28.67 on Thursday. The firm has a market capitalization of $4.55 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 1.16 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. ExlService has a 52-week low of $26.94 and a 52-week high of $51.31. The firm has a fifty day moving average of $38.18 and a 200 day moving average of $40.45.

Insider Buying and Selling

In related news, EVP Ajay Ayyappan sold 8,114 shares of the business’s 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 completion of the sale, the executive vice president directly owned 53,515 shares in the company, valued at approximately $2,275,992.95. The trade was a 13.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Vikas Bhalla sold 11,774 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $39.99, for a total transaction of $470,842.26. Following the completion of the transaction, the insider owned 115,272 shares in the company, valued at $4,609,727.28. The trade was a 9.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 23,360 shares of company stock worth $920,567. 4.04% of the stock is currently owned by insiders.

Institutional Trading of ExlService

Hedge funds have recently bought and sold shares of the stock. Huntington National Bank increased its position in ExlService by 14.4% in the second quarter. Huntington National Bank now owns 1,953 shares of the business services provider’s stock worth $86,000 after buying an additional 246 shares in the last quarter. True Wealth Design LLC grew 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 valued at $30,000 after acquiring an additional 257 shares during the period. Private Trust Co. NA increased its holdings in ExlService by 56.2% in the 4th quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock worth $30,000 after acquiring an additional 258 shares in the last quarter. Fifth Third Bancorp raised its stake in ExlService by 15.0% during the 4th quarter. Fifth Third Bancorp now owns 1,982 shares of the business services provider’s stock worth $84,000 after acquiring an additional 259 shares during the period. Finally, Blue Trust Inc. lifted its holdings in ExlService by 6.8% during the third quarter. Blue Trust Inc. now owns 4,180 shares of the business services provider’s stock valued at $184,000 after purchasing an additional 266 shares in the last quarter. Institutional investors 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.