ExlService Holdings, Inc. (NASDAQ:EXLS) Given Average Rating of “Buy” by Analysts

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have earned a consensus rating of “Buy” from the six analysts that are covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have covered the stock in the last year is $39.67.

A number of equities research analysts recently weighed in on EXLS shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of ExlService in a research note on Friday, August 2nd. 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. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and upped their target price for the stock from $35.00 to $42.00 in a research report on Monday, September 9th. Finally, JPMorgan Chase & Co. raised their price target on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, September 6th.

ExlService Trading Down 0.6 %

ExlService stock opened at $38.77 on Friday. 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 has a fifty-two week low of $25.17 and a fifty-two week high of $39.51. The stock has a market cap of $6.50 billion, a P/E ratio of 35.90, a PEG ratio of 1.94 and a beta of 1.00. The firm’s fifty day moving average price is $35.96 and its 200-day moving average price is $32.57.

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

Insider Buying and Selling at ExlService

In other ExlService news, insider Vivek Jetley sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $32.75, for a total transaction of $196,500.00. Following the completion of the transaction, the insider now owns 328,657 shares of the company’s stock, valued at $10,763,516.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Vivek Jetley sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $32.75, for a total transaction of $196,500.00. Following the transaction, the insider now directly owns 328,657 shares of the company’s stock, valued at approximately $10,763,516.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vikas Bhalla sold 11,190 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $34.25, for a total value of $383,257.50. Following the transaction, the insider now owns 100,866 shares of the company’s stock, valued at approximately $3,454,660.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 163,625 shares of company stock worth $5,685,581. 3.75% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ExlService

Large investors have recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. lifted its holdings in ExlService by 164.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock worth $29,000 after buying an additional 574 shares during the period. New Covenant Trust Company N.A. purchased a new position in shares of ExlService in the 1st quarter valued at approximately $30,000. Parallel Advisors LLC boosted its position in shares of ExlService by 44.6% during the fourth quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 366 shares in the last quarter. Grayhawk Investment Strategies Inc. purchased a new stake in ExlService in the fourth quarter worth $42,000. Finally, Fidelis Capital Partners LLC bought a new position in ExlService in the first quarter worth $43,000. Institutional investors own 92.92% of the company’s stock.

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.