Analysts Set ExlService Holdings, Inc. (NASDAQ:EXLS) Target Price at $47.38

ExlService Holdings, Inc. (NASDAQ:EXLS) has been assigned an average rating of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $47.38.

Several brokerages have commented on EXLS. Needham & Company LLC raised their target price on ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Jefferies Financial Group increased their price target on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, February 2nd. Finally, Stifel Nicolaus increased their target price on shares of ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th.

Insiders Place Their Bets

In related news, EVP Anita Mahon sold 10,558 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total value of $484,823.36. Following the completion of the transaction, the executive vice president now directly owns 94,443 shares in the company, valued at approximately $4,336,822.56. The trade was a 10.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ajay Ayyappan sold 16,186 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $51.50, for a total value of $833,579.00. Following the sale, the executive vice president now owns 40,986 shares in the company, valued at $2,110,779. The trade was a 28.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,351 shares of company stock valued at $2,337,284 in the last quarter. Corporate insiders own 4.16% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EXLS. Mather Group LLC. bought a new stake in shares of ExlService in the 4th quarter worth approximately $25,000. Kestra Investment Management LLC purchased a new stake in shares of ExlService during the fourth quarter valued at approximately $26,000. Morse Asset Management Inc bought a new position in shares of ExlService in the fourth quarter worth approximately $49,000. VisionPoint Advisory Group LLC purchased a new position in shares of ExlService in the fourth quarter worth $58,000. Finally, USA Financial Formulas bought a new stake in ExlService during the 4th quarter valued at $58,000. 92.92% of the stock is currently owned by institutional investors.

ExlService Stock Down 0.0 %

EXLS stock opened at $47.18 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The company has a market capitalization of $7.66 billion, a price-to-earnings ratio of 41.39, a PEG ratio of 2.11 and a beta of 1.10. ExlService has a fifty-two week low of $28.16 and a fifty-two week high of $52.43. The stock has a fifty day moving average of $48.74 and a 200-day moving average of $44.62.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.08). ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business had revenue of $481.43 million during the quarter, compared to the consensus estimate of $475.68 million. As a group, equities research analysts predict that ExlService will post 1.27 earnings per share for the current year.

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.