ExlService Holdings, Inc. (NASDAQ:EXLS) Receives Average Recommendation of “Moderate Buy” from Brokerages

ExlService Holdings, Inc. (NASDAQ:EXLS) has been given an average recommendation of “Moderate Buy” by the eight analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $47.38.

Several research analysts recently issued reports on the company. Needham & Company LLC upped their target price on ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Stifel Nicolaus boosted their price target on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Jefferies Financial Group increased their price objective on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Finally, StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd.

ExlService Trading Down 0.2 %

Shares of NASDAQ EXLS opened at $46.34 on Friday. ExlService has a twelve month low of $28.16 and a twelve month high of $52.43. 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 business has a fifty day simple moving average of $48.69 and a two-hundred day simple moving average of $44.32. The firm has a market cap of $7.52 billion, a PE ratio of 40.65, a price-to-earnings-growth ratio of 2.11 and a beta of 1.10.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.08). ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company had revenue of $481.43 million during the quarter, compared to analysts’ expectations of $475.68 million. Analysts expect that ExlService will post 1.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Maurizio Nicolelli sold 13,753 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the completion of the transaction, the chief financial officer now directly owns 194,440 shares of the company’s stock, valued at approximately $9,554,781.60. The trade was a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Anita Mahon sold 10,558 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total transaction of $484,823.36. Following the transaction, the executive vice president now owns 94,443 shares of the company’s stock, valued at $4,336,822.56. This trade represents a 10.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,351 shares of company stock valued at $2,337,284 over the last quarter. 4.16% of the stock is owned by insiders.

Institutional Trading of ExlService

Several institutional investors have recently modified their holdings of EXLS. FMR LLC lifted its position in ExlService by 39.4% in the fourth quarter. FMR LLC now owns 9,364,312 shares of the business services provider’s stock valued at $415,588,000 after acquiring an additional 2,647,937 shares during the last quarter. Norges Bank purchased a new stake in shares of ExlService in the 4th quarter valued at about $106,452,000. Handelsbanken Fonder AB boosted its position in shares of ExlService by 313.9% in the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider’s stock valued at $97,400,000 after purchasing an additional 1,664,400 shares during the period. Raymond James Financial Inc. purchased a new position in ExlService during the 4th quarter worth approximately $52,852,000. Finally, Axiom Investors LLC DE acquired a new position in ExlService during the fourth quarter worth approximately $20,419,000. Hedge funds and other 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.