ExlService Holdings, Inc. (NASDAQ:EXLS) Receives $45.00 Consensus Target Price from Analysts

ExlService Holdings, Inc. (NASDAQ:EXLS) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $45.00.

EXLS has been the topic of a number of recent research reports. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, February 2nd. Robert W. Baird upped their target price on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Needham & Company LLC raised their price target on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group boosted their price target on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Finally, Citigroup increased their price objective on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th.

ExlService Trading Up 0.2 %

Shares of NASDAQ EXLS opened at $51.80 on Friday. The stock has a fifty day simple moving average of $46.78 and a 200-day simple moving average of $41.43. ExlService has a twelve month low of $28.16 and a twelve month high of $52.30. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $8.33 billion, a PE ratio of 45.44, a PEG ratio of 2.10 and a beta of 1.03.

Insider Transactions at ExlService

In other news, CEO Rohit Kapoor sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total transaction of $4,687,000.00. Following the completion of the sale, the chief executive officer now owns 689,645 shares in the company, valued at approximately $32,323,661.15. The trade was a 12.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jaynie M. Studenmund sold 3,645 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total transaction of $160,562.25. Following the completion of the transaction, the director now owns 14,580 shares of the company’s stock, valued at approximately $642,249. The trade was a 20.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 117,398 shares of company stock valued at $5,523,385. Insiders own 4.16% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. State Street Corp raised its position in ExlService by 1.0% in the 3rd quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock valued at $222,693,000 after purchasing an additional 59,196 shares during the last quarter. Geneva Capital Management LLC raised its holdings in shares of ExlService by 1.9% in the third quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock valued at $179,092,000 after buying an additional 87,592 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of ExlService by 3.6% during the third quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock worth $165,083,000 after buying an additional 149,856 shares during the last quarter. Thrivent Financial for Lutherans increased its position in ExlService by 0.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,747,332 shares of the business services provider’s stock valued at $104,810,000 after acquiring an additional 21,358 shares during the period. Finally, Handelsbanken Fonder AB increased its position in ExlService by 313.9% in the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider’s stock valued at $97,400,000 after acquiring an additional 1,664,400 shares during the period. Hedge funds and other institutional investors own 92.92% of the company’s stock.

ExlService Company Profile

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.