ExlService Holdings, Inc. (NASDAQ:EXLS) Receives $40.86 Consensus PT from Brokerages

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $40.86.

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

ExlService Trading Down 1.2 %

Shares of EXLS stock opened at $38.60 on Wednesday. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.30. The firm has a market cap of $6.23 billion, a P/E ratio of 36.08, a PEG ratio of 2.07 and a beta of 1.00. The company has a 50 day moving average of $37.45 and a 200-day moving average of $33.49. ExlService has a 12-month low of $25.34 and a 12-month high of $40.77.

ExlService (NASDAQ:EXLS) last released its earnings results on Thursday, August 1st. The business services provider reported $0.40 earnings per share (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 business had revenue of $448.40 million during the quarter, compared to the consensus estimate of $444.61 million. During the same period last year, the business posted $0.31 earnings per share. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. Sell-side analysts anticipate that ExlService will post 1.28 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Rohit Kapoor sold 35,000 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $36.18, for a total value of $1,266,300.00. Following the transaction, the chief executive officer now owns 1,424,588 shares of the company’s stock, valued at approximately $51,541,593.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Ajay Ayyappan sold 21,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $34.38, for a total value of $721,980.00. Following the sale, the executive vice president now directly owns 29,909 shares of the company’s stock, valued at $1,028,271.42. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Rohit Kapoor sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the completion of the transaction, the chief executive officer now directly owns 1,424,588 shares of the company’s stock, valued at approximately $51,541,593.84. 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 in the last three months. 4.16% of the stock is currently owned by corporate insiders.

Institutional Trading of ExlService

Hedge funds have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. increased its stake 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 valued at $29,000 after acquiring an additional 574 shares during the last quarter. New Covenant Trust Company N.A. bought a new position in shares of ExlService during the 1st quarter valued at about $30,000. Fidelis Capital Partners LLC bought a new position in shares of ExlService during the 1st quarter valued at about $43,000. Headlands Technologies LLC raised its holdings in shares of ExlService by 269.0% during the 1st quarter. Headlands Technologies LLC now owns 1,594 shares of the business services provider’s stock valued at $51,000 after buying an additional 1,162 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in ExlService by 28.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock worth $55,000 after buying an additional 391 shares during the last quarter. 92.92% of the stock is owned by institutional investors.

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.