ExlService Holdings, Inc. (NASDAQ:EXLS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, 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 brokerages that have issued ratings on the stock in the last year is $42.86.

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

ExlService Trading Up 1.2 %

Shares of ExlService stock opened at $44.73 on Monday. ExlService has a 1 year low of $28.16 and a 1 year high of $47.37. 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 company has a market cap of $7.20 billion, a price-to-earnings ratio of 39.24, a PEG ratio of 2.26 and a beta of 1.02. The company’s fifty day simple moving average is $44.95 and its 200-day simple moving average is $38.73.

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

Insider Activity at ExlService

In other ExlService news, CEO Rohit Kapoor sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $42.07, for a total value of $4,207,000.00. Following the sale, the chief executive officer now owns 1,190,240 shares in the company, valued at $50,073,396.80. This represents a 7.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Vikas Bhalla sold 22,813 shares of ExlService stock in a transaction that occurred 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 transaction, the insider now owns 102,825 shares of the company’s stock, valued at $4,304,254.50. This represents a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 426,458 shares of company stock valued at $18,720,514. 4.16% of the stock is owned by corporate insiders.

Institutional Trading of ExlService

A number of hedge funds have recently modified their holdings of the stock. Mackenzie Financial Corp raised its holdings in ExlService by 3.2% in the 2nd quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock valued at $238,869,000 after acquiring an additional 233,108 shares during the period. State Street Corp increased its stake in shares of ExlService by 1.0% during the third quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock worth $222,693,000 after purchasing an additional 59,196 shares during the period. William Blair Investment Management LLC lifted its holdings in ExlService by 46.5% during the 2nd quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider’s stock worth $159,871,000 after purchasing an additional 1,618,003 shares during the last quarter. Geneva Capital Management LLC boosted its stake in ExlService by 1.9% in the 3rd quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock valued at $179,092,000 after purchasing an additional 87,592 shares during the period. Finally, Geode Capital Management LLC grew its holdings in ExlService by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock valued at $165,083,000 after buying an additional 149,856 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

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.