ExlService Holdings, Inc. (NASDAQ:EXLS) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $37.00.

Several analysts have weighed in on EXLS shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of ExlService in a report on Friday, May 3rd. StockNews.com cut ExlService from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. TD Cowen raised their price objective on ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Wedbush raised ExlService from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $34.00 to $40.00 in a report on Wednesday, May 8th. Finally, Citigroup decreased their price objective on ExlService from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, April 22nd.

Insider Buying and Selling

In other news, insider Vivek Jetley sold 4,000 shares of ExlService stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $30.28, for a total value of $121,120.00. Following the sale, the insider now directly owns 333,847 shares in the company, valued at approximately $10,108,887.16. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider Vivek Jetley sold 4,000 shares of ExlService stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $30.28, for a total value of $121,120.00. Following the sale, the insider now directly owns 333,847 shares in the company, valued at approximately $10,108,887.16. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Maurizio Nicolelli sold 12,000 shares of ExlService stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $30.66, for a total value of $367,920.00. Following the sale, the chief financial officer now owns 138,985 shares in the company, valued at $4,261,280.10. The disclosure for this sale can be found here. Insiders have sold a total of 112,837 shares of company stock worth $3,469,418 in the last ninety days. 3.75% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. New Covenant Trust Company N.A. purchased a new position in ExlService during the first quarter valued at $30,000. Silvercrest Asset Management Group LLC purchased a new position in ExlService during the first quarter valued at $19,417,000. Sheaff Brock Investment Advisors LLC raised its stake in ExlService by 16.2% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 47,424 shares of the business services provider’s stock valued at $1,508,000 after buying an additional 6,618 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of ExlService by 156.5% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 418,100 shares of the business services provider’s stock worth $13,296,000 after purchasing an additional 255,100 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of ExlService by 7.8% in the first quarter. Bessemer Group Inc. now owns 629,845 shares of the business services provider’s stock worth $20,030,000 after purchasing an additional 45,336 shares during the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

ExlService Stock Performance

NASDAQ:EXLS opened at $29.15 on Thursday. The business’s 50-day moving average price is $29.88 and its two-hundred day moving average price is $30.50. ExlService has a twelve month low of $25.17 and a twelve month high of $33.40. The stock has a market cap of $4.88 billion, a P/E ratio of 26.94, a PEG ratio of 1.56 and a beta of 1.02. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.35.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. ExlService had a return on equity of 23.13% and a net margin of 10.92%. The firm had revenue of $436.51 million for the quarter, compared to analysts’ expectations of $424.81 million. As a group, equities analysts predict that ExlService will post 1.28 EPS 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.