ExlService Holdings, Inc. (NASDAQ:EXLS) Receives $42.86 Average Target Price from Analysts

ExlService Holdings, Inc. (NASDAQ:EXLS) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $42.86.

Several research firms recently issued reports on EXLS. Robert W. Baird boosted their target price on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. raised their price objective on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Citigroup upped their target price on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and lifted their price target for the company from $35.00 to $42.00 in a research note on Monday, September 9th. Finally, StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th.

Insider Transactions at ExlService

In other ExlService news, insider Vikas Bhalla sold 22,813 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $41.86, for a total value of $954,952.18. Following the completion of the sale, the insider now directly owns 102,825 shares in the company, valued at $4,304,254.50. This represents a 18.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $160,562.25. Following the transaction, the director now owns 14,580 shares in the company, valued at approximately $642,249. This represents a 20.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 426,458 shares of company stock valued at $18,720,514 over the last 90 days. 4.16% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ExlService

Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC increased its stake in ExlService by 780.7% during the second quarter. SG Americas Securities LLC now owns 31,318 shares of the business services provider’s stock worth $982,000 after acquiring an additional 27,762 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of ExlService by 5.2% in the 2nd quarter. V Square Quantitative Management LLC now owns 7,123 shares of the business services provider’s stock worth $223,000 after acquiring an additional 349 shares during the last quarter. Blue Trust Inc. boosted its position in shares of ExlService by 59.0% during the 2nd quarter. Blue Trust Inc. now owns 4,147 shares of the business services provider’s stock worth $132,000 after purchasing an additional 1,539 shares during the period. Boston Trust Walden Corp increased its holdings in ExlService by 1.2% in the 2nd quarter. Boston Trust Walden Corp now owns 3,760,723 shares of the business services provider’s stock valued at $117,936,000 after purchasing an additional 46,302 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in ExlService by 16.7% during the second quarter. Raymond James & Associates now owns 520,232 shares of the business services provider’s stock worth $16,314,000 after purchasing an additional 74,419 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

ExlService Trading Up 0.4 %

NASDAQ EXLS opened at $46.10 on Thursday. ExlService has a 1 year low of $28.16 and a 1 year high of $47.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The company has a market capitalization of $7.42 billion, a PE ratio of 40.44, a P/E/G ratio of 2.26 and a beta of 1.01. The company has a fifty day moving average of $43.48 and a 200 day moving average of $37.27.

ExlService (NASDAQ:EXLS) last issued its earnings results on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $472.07 million for the quarter, compared to the consensus estimate of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 earnings per share. Research analysts forecast that ExlService will post 1.27 earnings per share for the current 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.