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

ExlService Holdings, Inc. (NASDAQ:EXLS) has earned an average rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $37.33.

A number of research analysts recently weighed in on EXLS shares. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of ExlService in a report on Friday, May 3rd. TD Cowen raised their target price on ExlService from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. Wedbush upgraded ExlService from a “neutral” rating to an “outperform” rating and upped their price target for the company from $34.00 to $40.00 in a research report on Wednesday, May 8th. Finally, Citigroup raised their price objective on shares of ExlService from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, July 12th.

ExlService Trading Down 1.3 %

Shares of EXLS opened at $33.96 on Monday. ExlService has a fifty-two week low of $25.17 and a fifty-two week high of $34.81. The business has a 50-day moving average of $30.80 and a 200 day moving average of $30.77. The firm has a market cap of $5.69 billion, a P/E ratio of 31.39, a price-to-earnings-growth ratio of 1.81 and a beta of 1.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.54 and a current ratio of 2.54.

ExlService (NASDAQ:EXLS) last posted its earnings results on Thursday, May 2nd. The business services provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. ExlService had a net margin of 10.92% and a return on equity of 23.13%. The firm had revenue of $436.51 million during the quarter, compared to the consensus estimate of $424.81 million. As a group, research analysts forecast that ExlService will post 1.27 EPS for the current year.

Insider Buying and Selling

In other ExlService news, insider Vikas Bhalla sold 14,990 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $30.84, for a total value of $462,291.60. Following the completion of the transaction, the insider now owns 112,056 shares of the company’s stock, valued at approximately $3,455,807.04. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Vivek Jetley sold 4,000 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $30.28, for a total transaction of $121,120.00. Following the transaction, the insider now directly owns 333,847 shares in the company, valued at approximately $10,108,887.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vikas Bhalla sold 14,990 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $30.84, for a total value of $462,291.60. Following the transaction, the insider now directly owns 112,056 shares in the company, valued at $3,455,807.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 141,587 shares of company stock worth $4,438,140. Insiders own 3.75% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. GHP Investment Advisors Inc. boosted its stake in shares of ExlService by 1,301.4% in the 4th quarter. GHP Investment Advisors Inc. now owns 85,723 shares of the business services provider’s stock valued at $2,645,000 after purchasing an additional 79,606 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of ExlService by 118.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,668,368 shares of the business services provider’s stock valued at $51,469,000 after buying an additional 905,144 shares during the last quarter. Boston Trust Walden Corp grew its stake in shares of ExlService by 19.4% during the fourth quarter. Boston Trust Walden Corp now owns 3,725,199 shares of the business services provider’s stock valued at $114,922,000 after buying an additional 606,215 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of ExlService by 402.9% in the third quarter. Vanguard Group Inc. now owns 16,834,702 shares of the business services provider’s stock worth $472,045,000 after buying an additional 13,487,495 shares during the period. Finally, Campbell & CO Investment Adviser LLC lifted its stake in shares of ExlService by 661.3% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 90,499 shares of the business services provider’s stock valued at $2,792,000 after acquiring an additional 78,612 shares during the last quarter. 92.92% of the stock is currently owned by 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.