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

ExlService Holdings, Inc. (NASDAQ:EXLS) has received an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $42.86.

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Robert W. Baird upped their price target on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. Citigroup increased their target price on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Finally, Needham & Company LLC lifted their price target on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 31st.

Insiders Place Their Bets

In other news, CEO Rohit Kapoor sold 35,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were 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 2.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jaynie M. Studenmund sold 3,645 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total value of $160,562.25. Following the transaction, the director now owns 14,580 shares in the company, valued at approximately $642,249. This represents a 20.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 461,458 shares of company stock valued at $19,986,814. 4.16% of the stock is currently owned by corporate insiders.

Institutional Trading of ExlService

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in shares of 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 valued at $165,083,000 after purchasing an additional 149,856 shares in the last quarter. M&T Bank Corp bought a new stake in ExlService during the 3rd quarter valued at approximately $204,000. Barclays PLC grew its holdings in shares of ExlService by 62.6% during the 3rd quarter. Barclays PLC now owns 446,605 shares of the business services provider’s stock worth $17,040,000 after acquiring an additional 171,912 shares during the period. MML Investors Services LLC raised its position in shares of ExlService by 23.2% in the 3rd quarter. MML Investors Services LLC now owns 10,415 shares of the business services provider’s stock worth $397,000 after acquiring an additional 1,959 shares in the last quarter. Finally, Kensington Investment Counsel LLC lifted its stake in shares of ExlService by 2.2% in the 3rd quarter. Kensington Investment Counsel LLC now owns 38,925 shares of the business services provider’s stock valued at $1,485,000 after purchasing an additional 841 shares during the period. Hedge funds and other institutional investors own 92.92% of the company’s stock.

ExlService Stock Up 2.9 %

ExlService stock opened at $45.67 on Friday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $7.35 billion, a P/E ratio of 40.06, a P/E/G ratio of 2.15 and a beta of 0.99. The firm has a 50 day moving average price of $40.25 and a 200-day moving average price of $35.25. ExlService has a twelve month low of $27.95 and a twelve month high of $47.32.

ExlService (NASDAQ:EXLS) last released its earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period last year, the business posted $0.30 earnings per share. As a group, equities analysts predict that ExlService will post 1.27 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.