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

ExlService Holdings, Inc. (NASDAQ:EXLS) has earned an average rating of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $37.00.

A number of equities research analysts recently commented on the company. StockNews.com lowered ExlService from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Citigroup reduced their price objective on ExlService from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of ExlService in a report on Friday, May 3rd. TD Cowen upped their price objective on ExlService from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. Finally, Wedbush raised ExlService from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $34.00 to $40.00 in a report on Wednesday, May 8th.

ExlService Stock Down 0.4 %

NASDAQ EXLS opened at $29.15 on Thursday. The firm has a market cap of $4.88 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 1.56 and a beta of 1.02. ExlService has a one year low of $25.17 and a one year high of $33.40. The stock’s 50 day simple moving average is $29.88 and its 200 day simple moving average is $30.50. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 2.54.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $436.51 million for the quarter, compared to analyst estimates of $424.81 million. ExlService had a return on equity of 23.13% and a net margin of 10.92%. As a group, sell-side analysts forecast that ExlService will post 1.28 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Vivek Jetley sold 4,000 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $30.28, for a total value of $121,120.00. Following the transaction, the insider now owns 333,847 shares of the company’s stock, valued at approximately $10,108,887.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Rohit Kapoor sold 36,847 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $31.07, for a total value of $1,144,836.29. Following the completion of the sale, the chief executive officer now owns 1,549,588 shares in the company, valued at approximately $48,145,699.16. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Vivek Jetley sold 4,000 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $30.28, for a total transaction of $121,120.00. Following the completion of the sale, the insider now owns 333,847 shares of the company’s stock, valued at approximately $10,108,887.16. The disclosure for this sale can be found here. Insiders have sold a total of 112,837 shares of company stock valued at $3,469,418 in the last 90 days. 3.75% of the stock is owned by company insiders.

Institutional Trading of ExlService

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in ExlService by 402.9% during the 3rd quarter. Vanguard Group Inc. now owns 16,834,702 shares of the business services provider’s stock worth $472,045,000 after purchasing an additional 13,487,495 shares in the last quarter. FMR LLC increased its holdings in ExlService by 407.4% during the 3rd quarter. FMR LLC now owns 9,605,650 shares of the business services provider’s stock worth $269,342,000 after purchasing an additional 7,712,359 shares in the last quarter. Wellington Management Group LLP increased its holdings in ExlService by 367.2% during the 3rd quarter. Wellington Management Group LLP now owns 8,639,488 shares of the business services provider’s stock worth $242,251,000 after purchasing an additional 6,790,373 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in ExlService by 400.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,391,792 shares of the business services provider’s stock worth $123,146,000 after purchasing an additional 3,513,403 shares in the last quarter. Finally, Norges Bank bought a new position in ExlService during the 4th quarter worth about $79,930,000. Institutional investors own 92.92% of the company’s stock.

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.