ExlService Holdings, Inc. (NASDAQ:EXLS) Receives $42.86 Consensus Target Price from Analysts

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

Several research analysts recently weighed in on EXLS shares. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. upped their price target on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Citigroup raised their price target on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a report on Monday, October 14th. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $35.00 to $42.00 in a report on Monday, September 9th. Finally, Robert W. Baird raised their target price 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.

ExlService Price Performance

ExlService stock opened at $45.93 on Thursday. ExlService has a 52 week low of $28.16 and a 52 week high of $47.37. The firm has a market cap of $7.39 billion, a P/E ratio of 40.29, a P/E/G ratio of 2.26 and a beta of 1.01. 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 business’s fifty day moving average is $43.33 and its two-hundred day moving average is $37.11.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $472.07 million for the quarter, compared to the consensus estimate of $460.73 million. During the same quarter in the prior year, the company earned $0.30 EPS. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. Equities research analysts forecast that ExlService will post 1.27 earnings per share for the current fiscal year.

Insider Transactions at ExlService

In other news, CEO Rohit Kapoor sold 100,000 shares of ExlService stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total transaction of $4,687,000.00. Following the transaction, the chief executive officer now directly owns 689,645 shares of the company’s stock, valued at $32,323,661.15. This trade represents a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jaynie M. Studenmund sold 3,645 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total transaction of $160,562.25. Following the completion of the sale, the director now owns 14,580 shares of the company’s stock, valued at approximately $642,249. This represents a 20.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 426,458 shares of company stock worth $18,720,514. 4.16% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ExlService

A number of hedge funds have recently modified their holdings of EXLS. Chartwell Investment Partners LLC increased its stake in ExlService by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider’s stock worth $1,196,000 after purchasing an additional 254 shares in the last quarter. Azzad Asset Management Inc. ADV increased its position in shares of ExlService by 1.1% during the third quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider’s stock worth $944,000 after acquiring an additional 261 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of ExlService by 3.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider’s stock worth $279,000 after acquiring an additional 291 shares during the period. V Square Quantitative Management LLC lifted its position in ExlService by 5.2% in the 2nd quarter. V Square Quantitative Management LLC now owns 7,123 shares of the business services provider’s stock valued at $223,000 after acquiring an additional 349 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in ExlService by 2.3% in the 3rd quarter. Quantinno Capital Management LP now owns 15,658 shares of the business services provider’s stock worth $597,000 after purchasing an additional 359 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

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.