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

ExlService Holdings, Inc. (NASDAQ:EXLS) has earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $37.00.

A number of research firms have commented on EXLS. Wedbush raised ExlService from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $34.00 to $40.00 in a report on Wednesday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of ExlService in a report on Friday, May 3rd. TD Cowen lifted their price objective on ExlService from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. StockNews.com lowered ExlService from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Finally, Citigroup cut their price objective on ExlService from $38.00 to $37.00 and set a “buy” rating for the company in a report on Monday, April 22nd.

ExlService Stock Up 1.1 %

Shares of NASDAQ:EXLS opened at $30.54 on Thursday. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 1.60 and a beta of 1.02. The stock has a fifty day simple moving average of $29.91 and a two-hundred day simple moving average of $30.54. ExlService has a 12-month low of $25.17 and a 12-month high of $33.40. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.35.

ExlService (NASDAQ:EXLS) last posted its earnings results on Thursday, May 2nd. The business services provider reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $436.51 million during the quarter, compared to analyst estimates of $424.81 million. ExlService had a return on equity of 23.13% and a net margin of 10.92%. On average, research analysts anticipate that ExlService will post 1.28 earnings per share for the current fiscal year.

Insider Activity at ExlService

In related news, CEO Rohit Kapoor sold 36,847 shares of ExlService stock in a transaction on Monday, May 20th. The stock was sold at an average price of $31.07, for a total transaction of $1,144,836.29. Following the transaction, the chief executive officer now directly owns 1,549,588 shares in the company, valued at $48,145,699.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Maurizio Nicolelli sold 12,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $30.66, for a total value of $367,920.00. Following the transaction, the chief financial officer now directly owns 138,985 shares in the company, valued at $4,261,280.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rohit Kapoor sold 36,847 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $31.07, for a total value of $1,144,836.29. Following the completion of the transaction, the chief executive officer now owns 1,549,588 shares in the company, valued at $48,145,699.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 112,837 shares of company stock worth $3,469,418. Corporate insiders own 3.75% of the company’s stock.

Hedge Funds Weigh In On ExlService

Several large investors have recently made changes to their positions in EXLS. Janney Montgomery Scott LLC lifted its position in shares of ExlService by 478.1% in the third quarter. Janney Montgomery Scott LLC now owns 11,481 shares of the business services provider’s stock valued at $322,000 after acquiring an additional 9,495 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of ExlService by 382.8% in the third quarter. HighTower Advisors LLC now owns 56,100 shares of the business services provider’s stock worth $1,580,000 after buying an additional 44,480 shares in the last quarter. UBS Group AG lifted its position in shares of ExlService by 187.7% in the third quarter. UBS Group AG now owns 106,865 shares of the business services provider’s stock worth $2,996,000 after buying an additional 69,720 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of ExlService by 108.8% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,559 shares of the business services provider’s stock worth $941,000 after buying an additional 17,488 shares in the last quarter. Finally, Citigroup Inc. lifted its position in shares of ExlService by 5.5% in the third quarter. Citigroup Inc. now owns 27,943 shares of the business services provider’s stock worth $784,000 after buying an additional 1,468 shares in the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

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.