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

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are currently 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 1 year price objective among brokers that have issued a report on the stock in the last year is $40.86.

Several brokerages recently issued reports on EXLS. Citigroup upped their price objective on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. JPMorgan Chase & Co. increased their price target on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price target on shares of ExlService in a research note on Friday, August 2nd. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and increased their price target for the company from $35.00 to $42.00 in a research note on Monday, September 9th. Finally, Robert W. Baird increased their price target on shares of ExlService from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th.

Insider Buying and Selling

In related news, insider Vikas Bhalla sold 11,190 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $34.25, for a total transaction of $383,257.50. Following the completion of the transaction, the insider now owns 100,866 shares of the company’s stock, valued at approximately $3,454,660.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other ExlService news, insider Vikas Bhalla sold 11,190 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $34.25, for a total transaction of $383,257.50. Following the sale, the insider now directly owns 100,866 shares in the company, valued at $3,454,660.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Rohit Kapoor sold 40,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $34.05, for a total transaction of $1,362,000.00. Following the sale, the chief executive officer now owns 1,509,588 shares in the company, valued at approximately $51,401,471.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 134,875 shares of company stock valued at $4,716,859. Company insiders own 3.75% of the company’s stock.

Institutional Investors Weigh In On ExlService

Hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its holdings in ExlService by 18.2% during the 1st quarter. Russell Investments Group Ltd. now owns 257,029 shares of the business services provider’s stock worth $8,174,000 after buying an additional 39,537 shares in the last quarter. Silvercrest Asset Management Group LLC acquired a new stake in shares of ExlService in the 1st quarter valued at $19,417,000. Vanguard Group Inc. raised its holdings in shares of ExlService by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 17,176,353 shares of the business services provider’s stock valued at $546,208,000 after purchasing an additional 160,723 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of ExlService in the 1st quarter valued at $4,501,000. Finally, Bessemer Group Inc. raised its holdings in shares of ExlService by 7.8% in the 1st quarter. Bessemer Group Inc. now owns 629,845 shares of the business services provider’s stock valued at $20,030,000 after purchasing an additional 45,336 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

ExlService Trading Down 1.0 %

Shares of ExlService stock opened at $39.45 on Wednesday. The firm has a 50-day simple moving average of $37.23 and a two-hundred day simple moving average of $33.31. The company has a market cap of $6.61 billion, a P/E ratio of 36.53, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00. ExlService has a fifty-two week low of $25.17 and a fifty-two week high of $40.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.45 and a current ratio of 2.45.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The firm had revenue of $448.40 million during the quarter, compared to the consensus estimate of $444.61 million. During the same quarter in the prior year, the firm earned $0.31 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, equities analysts predict that ExlService will post 1.28 earnings per share for the current fiscal year.

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.