Analysts Set ExlService Holdings, Inc. (NASDAQ:EXLS) Price Target at $42.86

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have been given an average rating of “Moderate Buy” by the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $42.86.

A number of brokerages have issued reports on EXLS. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and upped their target price for the company from $35.00 to $42.00 in a report on Monday, September 9th. Citigroup lifted their price target on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Needham & Company LLC upped their price objective on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Robert W. Baird lifted their target price on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st.

Insider Buying and Selling at ExlService

In related news, Director Jaynie M. Studenmund sold 3,645 shares of ExlService stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total transaction of $160,562.25. Following the completion of the sale, the director now owns 14,580 shares of the company’s stock, valued at approximately $642,249. This trade represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rohit Kapoor sold 35,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,424,588 shares of the company’s stock, valued at $51,541,593.84. The trade was a 2.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 461,458 shares of company stock valued at $19,986,814 in the last 90 days. 4.16% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ExlService

Several institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC grew its position in ExlService by 5.2% during the first quarter. Janney Montgomery Scott LLC now owns 13,863 shares of the business services provider’s stock valued at $441,000 after acquiring an additional 682 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in ExlService by 5.5% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 13,809 shares of the business services provider’s stock worth $439,000 after purchasing an additional 723 shares during the period. Russell Investments Group Ltd. raised its position in ExlService by 18.2% in the 1st quarter. Russell Investments Group Ltd. now owns 257,029 shares of the business services provider’s stock worth $8,174,000 after purchasing an additional 39,537 shares during the period. ProShare Advisors LLC lifted its stake in ExlService by 4.7% in the first quarter. ProShare Advisors LLC now owns 37,119 shares of the business services provider’s stock worth $1,180,000 after purchasing an additional 1,661 shares during the last quarter. Finally, Orion Portfolio Solutions LLC boosted its position in ExlService by 60.7% during the first quarter. Orion Portfolio Solutions LLC now owns 26,750 shares of the business services provider’s stock valued at $851,000 after buying an additional 10,101 shares during the period. 92.92% of the stock is currently owned by institutional investors.

ExlService Stock Performance

Shares of ExlService stock opened at $46.21 on Friday. The company has a market cap of $7.43 billion, a PE ratio of 40.54, a price-to-earnings-growth ratio of 2.22 and a beta of 0.99. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService has a 52 week low of $27.95 and a 52 week high of $47.32. The business has a 50 day moving average price of $40.64 and a 200-day moving average price of $35.44.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business had revenue of $472.07 million for the quarter, compared to analysts’ expectations of $460.73 million. During the same period last year, the business earned $0.30 EPS. The business’s revenue was up 14.9% on a year-over-year basis. Equities analysts anticipate that ExlService will post 1.27 earnings per share for the current fiscal year.

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.