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

ExlService Holdings, Inc. (NASDAQ:EXLS) has been given an average rating of “Moderate Buy” by the seven ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $45.00.

A number of equities research analysts have commented on the company. Citigroup raised their target price on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a report on Monday, October 14th. StockNews.com cut shares of ExlService from a “buy” rating to a “hold” rating in a research note on Saturday, January 25th. Jefferies Financial Group upped their target price on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Needham & Company LLC lifted their price target on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Robert W. Baird upped their price target on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st.

ExlService Stock Up 1.2 %

Shares of NASDAQ:EXLS opened at $50.49 on Friday. ExlService has a fifty-two week low of $28.16 and a fifty-two week high of $51.07. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The firm’s 50-day simple moving average is $46.33 and its 200-day simple moving average is $40.84. The company has a market cap of $8.12 billion, a price-to-earnings ratio of 44.29, a PEG ratio of 2.08 and a beta of 1.02.

ExlService (NASDAQ:EXLS) last released its earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company had revenue of $472.07 million for the quarter, compared to analysts’ expectations of $460.73 million. During the same quarter in the previous year, the firm posted $0.30 EPS. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. As a group, equities research analysts predict that ExlService will post 1.27 earnings per share for the current year.

Insider Activity at ExlService

In related news, CFO Maurizio Nicolelli sold 13,753 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $49.14, for a total value of $675,822.42. Following the completion of the transaction, the chief financial officer now directly owns 194,440 shares in the company, valued at approximately $9,554,781.60. This represents a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Rohit Kapoor sold 100,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 1,190,240 shares in the company, valued at approximately $50,073,396.80. The trade was a 7.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 340,211 shares of company stock valued at $15,251,337 over the last quarter. Insiders own 4.16% of the company’s stock.

Institutional Investors Weigh In On ExlService

Hedge funds have recently modified their holdings of the stock. Chartwell Investment Partners LLC raised its stake in ExlService by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider’s stock worth $1,196,000 after purchasing an additional 254 shares during the period. Azzad Asset Management Inc. ADV raised its position in shares of ExlService by 1.1% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider’s stock worth $944,000 after buying an additional 261 shares during the period. UMB Bank n.a. boosted its holdings in ExlService by 17.6% in the fourth quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock valued at $85,000 after acquiring an additional 288 shares during the last quarter. Dakota Wealth Management grew its position in ExlService by 5.0% during the fourth quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider’s stock valued at $288,000 after acquiring an additional 311 shares during the period. Finally, V Square Quantitative Management LLC increased its stake in ExlService by 5.0% during the third quarter. V Square Quantitative Management LLC now owns 7,482 shares of the business services provider’s stock worth $285,000 after acquiring an additional 359 shares during the last quarter. 92.92% of the stock is owned by institutional investors and hedge funds.

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.