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

ExlService Holdings, Inc. (NASDAQ:EXLS) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $45.00.

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. Needham & Company LLC raised their price target 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 boosted their price objective on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Finally, Robert W. Baird increased 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 Activity at ExlService

In other news, CFO Maurizio Nicolelli sold 13,753 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $49.14, for a total value of $675,822.42. Following the sale, the chief financial officer now directly owns 194,440 shares in the company, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ajay Ayyappan sold 16,186 shares of ExlService stock in a transaction on Monday, February 10th. The stock was sold at an average price of $51.50, for a total transaction of $833,579.00. Following the sale, the executive vice president now directly owns 40,986 shares of the company’s stock, valued at approximately $2,110,779. This trade represents a 28.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,928 shares of company stock worth $1,762,344. Company insiders own 4.16% of the company’s stock.

Institutional Trading of ExlService

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mather Group LLC. purchased a new position in shares of ExlService in the 4th quarter valued at about $25,000. Kestra Investment Management LLC acquired a new position in ExlService in the fourth quarter valued at approximately $26,000. Ashton Thomas Securities LLC purchased a new position in ExlService in the third quarter valued at approximately $27,000. Huntington National Bank raised its holdings in ExlService by 2,827.5% during the third 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 in the last quarter. Finally, Morse Asset Management Inc purchased a new stake in shares of ExlService during the 4th quarter worth approximately $49,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.

ExlService Trading Up 0.4 %

NASDAQ EXLS opened at $48.21 on Tuesday. 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 stock has a market capitalization of $7.76 billion, a P/E ratio of 42.29, a PEG ratio of 2.11 and a beta of 1.03. The firm’s 50-day moving average is $47.83 and its two-hundred day moving average is $42.92. ExlService has a 12 month low of $28.16 and a 12 month high of $52.43.

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.