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

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have been given an average rating of “Moderate Buy” by the seven research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $40.86.

Several equities research analysts recently issued reports on the company. Robert W. Baird lifted their price objective on ExlService from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. lifted their price objective on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Citigroup lifted their price objective on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $42.00 in a research note on Monday, September 9th. Finally, Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of ExlService in a research note on Friday, August 2nd.

Insider Buying and Selling at ExlService

In other ExlService news, insider Vivek Jetley sold 2,015 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $35.75, for a total transaction of $72,036.25. Following the sale, the insider now owns 326,642 shares in the company, valued at $11,677,451.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other ExlService news, insider Vivek Jetley sold 2,015 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $35.75, for a total transaction of $72,036.25. Following the sale, the insider now owns 326,642 shares in the company, valued at $11,677,451.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Vikas Bhalla sold 11,190 shares of ExlService stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $34.25, for a total value of $383,257.50. Following the completion of the transaction, the insider now owns 100,866 shares in the company, 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. Insiders have sold 134,875 shares of company stock worth $4,716,859 over the last 90 days. Corporate insiders own 3.75% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of 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 first quarter worth about $30,000. Fidelis Capital Partners LLC purchased a new position in shares of ExlService in the first quarter worth about $43,000. Headlands Technologies LLC increased its holdings in shares of ExlService by 269.0% in the first quarter. Headlands Technologies LLC now owns 1,594 shares of the business services provider’s stock worth $51,000 after buying an additional 1,162 shares during the period. Finally, UMB Bank n.a. increased its holdings in ExlService by 29.7% during the 3rd quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 375 shares during the period. Hedge funds and other institutional investors own 92.92% of the company’s stock.

ExlService Price Performance

ExlService stock opened at $39.02 on Wednesday. ExlService has a one year low of $25.34 and a one year high of $40.77. The business has a fifty day moving average price of $37.52 and a 200-day moving average price of $33.55. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.45 and a quick ratio of 2.45. The firm has a market capitalization of $6.54 billion, a P/E ratio of 36.13, a PEG ratio of 2.07 and a beta of 1.00.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.40 EPS 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 firm had revenue of $448.40 million during the quarter, compared to analyst estimates of $444.61 million. During the same period last year, the company earned $0.31 earnings per share. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, equities research analysts forecast that ExlService will post 1.28 EPS 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.