ExlService Holdings, Inc. (NASDAQ:EXLS) Receives $42.86 Consensus PT from Analysts

ExlService Holdings, Inc. (NASDAQ:EXLS) has been given an average recommendation of “Moderate Buy” by the seven analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $42.86.

Several research firms have recently issued reports on EXLS. StockNews.com cut shares of ExlService from a “buy” rating to a “hold” rating in a research report on Thursday. Citigroup increased their price objective on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a report on Monday, October 14th. Robert W. Baird boosted their target price on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC upped their price target on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, October 31st.

ExlService Trading Down 0.4 %

NASDAQ:EXLS opened at $45.11 on Monday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The firm has a market cap of $7.26 billion, a PE ratio of 39.57, a price-to-earnings-growth ratio of 2.23 and a beta of 1.02. The stock has a fifty day moving average price of $45.38 and a 200 day moving average price of $39.26. ExlService has a 12-month low of $28.16 and a 12-month high of $47.37.

ExlService (NASDAQ:EXLS) last released its earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The firm had revenue of $472.07 million for the quarter, compared to analyst estimates of $460.73 million. During the same period in the prior year, the firm earned $0.30 earnings per share. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. Sell-side analysts anticipate that ExlService will post 1.27 earnings per share for the current fiscal year.

Insider Activity

In other ExlService news, Director Jaynie M. Studenmund sold 3,645 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total transaction of $160,562.25. Following the completion of the sale, the director now directly owns 14,580 shares of the company’s stock, valued at approximately $642,249. This trade represents a 20.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rohit Kapoor sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $42.07, for a total value of $4,207,000.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 426,458 shares of company stock valued at $18,720,514. 4.16% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ExlService

Several hedge funds have recently modified their holdings of EXLS. GAMMA Investing LLC raised its position in ExlService by 24.9% during the 4th quarter. GAMMA Investing LLC now owns 2,911 shares of the business services provider’s stock worth $129,000 after buying an additional 580 shares during the last quarter. Franklin Resources Inc. raised its holdings in ExlService by 4.2% during the third quarter. Franklin Resources Inc. now owns 99,057 shares of the business services provider’s stock worth $3,953,000 after purchasing an additional 4,029 shares in the last quarter. Tidal Investments LLC acquired a new stake in ExlService in the third quarter valued at about $216,000. Sanctuary Advisors LLC boosted its holdings in ExlService by 5.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 10,744 shares of the business services provider’s stock valued at $410,000 after purchasing an additional 547 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in ExlService by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock worth $165,083,000 after purchasing an additional 149,856 shares during the period. 92.92% of the stock is owned by institutional investors and hedge funds.

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.