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

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $42.86.

A number of equities research analysts have recently commented on the company. StockNews.com cut ExlService from a “buy” rating to a “hold” rating in a research note on Thursday. Citigroup boosted 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. Robert W. Baird upped their price objective on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Needham & Company LLC lifted their target price on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st.

ExlService Price Performance

EXLS opened at $45.11 on Monday. 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 $7.26 billion, a price-to-earnings ratio of 39.57, a P/E/G ratio of 2.23 and a beta of 1.01. The firm’s fifty day moving average price is $45.31 and its two-hundred day moving average price is $39.09. ExlService has a 1 year low of $28.16 and a 1 year high of $47.37.

ExlService (NASDAQ:EXLS) last released 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 company had revenue of $472.07 million for the quarter, compared to analysts’ expectations of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS. As a group, analysts anticipate that ExlService will post 1.27 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jaynie M. Studenmund sold 3,645 shares of ExlService stock in a transaction dated 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 in the company, valued at approximately $642,249. This trade represents a 20.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Vikas Bhalla sold 22,813 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $41.86, for a total transaction of $954,952.18. Following the completion of the transaction, the insider now owns 102,825 shares in the company, valued at approximately $4,304,254.50. This trade represents a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 426,458 shares of company stock worth $18,720,514 over the last ninety days. Company insiders own 4.16% of the company’s stock.

Institutional Trading of ExlService

Hedge funds have recently made changes to their positions in the stock. Ashton Thomas Securities LLC purchased a new position in shares of ExlService during the third quarter worth approximately $27,000. Huntington National Bank raised its position in ExlService by 2,827.5% in the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after purchasing an additional 1,131 shares during the period. UMB Bank n.a. lifted its stake in ExlService by 29.7% in the third quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock worth $62,000 after purchasing an additional 375 shares during the last quarter. GAMMA Investing LLC boosted its position in ExlService by 32.8% during the third quarter. GAMMA Investing LLC now owns 2,331 shares of the business services provider’s stock valued at $89,000 after buying an additional 576 shares during the period. Finally, First Horizon Advisors Inc. grew its stake in shares of ExlService by 25.5% during the third quarter. First Horizon Advisors Inc. now owns 2,576 shares of the business services provider’s stock valued at $98,000 after buying an additional 524 shares during the last quarter. 92.92% of the stock is owned by institutional investors.

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.