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

ExlService Holdings, Inc. (NASDAQ:EXLS) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $42.86.

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

Insider Buying and Selling

In related news, insider Vikas Bhalla sold 22,813 shares of ExlService stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $41.86, for a total value of $954,952.18. Following the completion of the sale, the insider now owns 102,825 shares of the company’s stock, valued at approximately $4,304,254.50. This trade represents a 18.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Rohit Kapoor sold 100,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total transaction of $4,687,000.00. Following the sale, the chief executive officer now directly owns 689,645 shares in the company, valued at approximately $32,323,661.15. This trade represents a 12.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 483,483 shares of company stock valued at $20,737,537. 4.16% of the stock is owned by company insiders.

Institutional Investors Weigh In On ExlService

A number of hedge funds and other institutional investors have recently bought and sold shares of EXLS. Russell Investments Group Ltd. raised its stake in shares of ExlService by 18.2% during the 1st quarter. Russell Investments Group Ltd. now owns 257,029 shares of the business services provider’s stock valued at $8,174,000 after purchasing an additional 39,537 shares during the period. Silvercrest Asset Management Group LLC purchased a new position in ExlService during the first quarter valued at approximately $19,417,000. Vanguard Group Inc. increased its holdings in ExlService by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 17,176,353 shares of the business services provider’s stock worth $546,208,000 after acquiring an additional 160,723 shares during the period. Bessemer Group Inc. lifted its stake in ExlService by 7.8% in the 1st 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 in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in ExlService by 317.0% in the 2nd quarter. Renaissance Technologies LLC now owns 255,200 shares of the business services provider’s stock valued at $8,003,000 after purchasing an additional 194,000 shares during the period. Institutional investors own 92.92% of the company’s stock.

ExlService Stock Down 1.6 %

ExlService stock opened at $44.69 on Friday. The firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of 39.20, a price-to-earnings-growth ratio of 2.25 and a beta of 0.99. The firm’s fifty day moving average price is $39.75 and its two-hundred day moving average price is $34.94. ExlService has a 1-year low of $27.27 and a 1-year high of $47.32. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The business had revenue of $472.07 million for the quarter, compared to analysts’ expectations of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The firm’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. On average, equities research analysts predict that ExlService will post 1.27 earnings per share 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.