ExlService (NASDAQ:EXLS) Price Target Increased to $46.00 by Analysts at Citigroup

ExlService (NASDAQ:EXLS) had its price objective hoisted by Citigroup from $38.00 to $46.00 in a report published on Monday morning, Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. upped their target price on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and increased their price objective for the company from $35.00 to $42.00 in a research note on Monday, September 9th. Robert W. Baird boosted their target price on shares of ExlService from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of ExlService in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, ExlService currently has a consensus rating of “Moderate Buy” and an average price target of $40.86.

ExlService Stock Up 0.4 %

EXLS opened at $40.47 on Monday. ExlService has a one year low of $25.17 and a one year high of $40.56. The company has a market cap of $6.78 billion, a price-to-earnings ratio of 37.47, a PEG ratio of 2.05 and a beta of 1.00. The business’s fifty day moving average is $36.78 and its two-hundred day moving average is $33.03. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.45 and a current ratio of 2.45.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. The firm had revenue of $448.40 million for the quarter, compared to analysts’ expectations of $444.61 million. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.31 EPS. Analysts anticipate that ExlService will post 1.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Ajay Ayyappan sold 21,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $34.38, for a total transaction of $721,980.00. Following the completion of the transaction, the executive vice president now owns 29,909 shares of the company’s stock, valued at $1,028,271.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Ajay Ayyappan sold 21,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $34.38, for a total transaction of $721,980.00. Following the completion of the sale, the executive vice president now directly owns 29,909 shares of the company’s stock, valued at $1,028,271.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Rohit Kapoor sold 35,000 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $36.18, for a total value of $1,266,300.00. Following the completion of the transaction, the chief executive officer now directly owns 1,424,588 shares in the company, valued at $51,541,593.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 134,875 shares of company stock valued at $4,716,859. Insiders own 3.75% of the company’s stock.

Institutional Trading of ExlService

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its position in shares of ExlService by 18.2% in the first quarter. Russell Investments Group Ltd. now owns 257,029 shares of the business services provider’s stock worth $8,174,000 after acquiring an additional 39,537 shares in the last quarter. Silvercrest Asset Management Group LLC purchased a new stake in ExlService during the 1st quarter worth $19,417,000. Goldman Sachs Group Inc. increased its holdings in ExlService by 118.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,668,368 shares of the business services provider’s stock valued at $51,469,000 after purchasing an additional 905,144 shares in the last quarter. Vanguard Group Inc. raised its position in ExlService by 0.9% in the first quarter. Vanguard Group Inc. now owns 17,176,353 shares of the business services provider’s stock valued at $546,208,000 after purchasing an additional 160,723 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of ExlService during the first quarter worth about $4,501,000. Institutional investors and hedge funds own 92.92% of the company’s stock.

About ExlService

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.