Analysts Set ExlService Holdings, Inc. (NASDAQ:EXLS) Price Target at $36.14

ExlService Holdings, Inc. (NASDAQ:EXLS) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $36.14.

Several research firms have recently weighed in on EXLS. TD Cowen increased their price objective on ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Citigroup cut their target price on ExlService from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of ExlService in a research note on Friday. StockNews.com lowered shares of ExlService from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Finally, Wedbush reiterated a “neutral” rating and issued a $34.00 price target on shares of ExlService in a research report on Wednesday.

Insider Activity at ExlService

In other news, EVP Vikas Bhalla sold 23,760 shares of ExlService stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $31.51, for a total transaction of $748,677.60. Following the transaction, the executive vice president now owns 127,046 shares in the company, valued at $4,003,219.46. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Ajay Ayyappan sold 9,259 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total transaction of $292,491.81. Following the transaction, the executive vice president now owns 50,693 shares in the company, valued at approximately $1,601,391.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Vikas Bhalla sold 23,760 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total transaction of $748,677.60. Following the transaction, the executive vice president now directly owns 127,046 shares in the company, valued at approximately $4,003,219.46. The disclosure for this sale can be found here. 3.75% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ExlService

Large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue raised its holdings in shares of ExlService by 377.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 19,695 shares of the business services provider’s stock worth $552,000 after purchasing an additional 15,574 shares during the period. Handelsbanken Fonder AB boosted its stake in ExlService by 400.0% during the third quarter. Handelsbanken Fonder AB now owns 21,790 shares of the business services provider’s stock valued at $611,000 after buying an additional 17,432 shares during the period. Xponance Inc. increased its stake in ExlService by 385.8% in the 3rd quarter. Xponance Inc. now owns 26,033 shares of the business services provider’s stock worth $730,000 after acquiring an additional 20,674 shares during the last quarter. FinTrust Capital Advisors LLC bought a new position in shares of ExlService in the third quarter worth approximately $29,000. Finally, Raymond James & Associates increased its holdings in shares of ExlService by 420.3% in the 3rd quarter. Raymond James & Associates now owns 386,235 shares of the business services provider’s stock worth $10,830,000 after buying an additional 312,006 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors.

ExlService Price Performance

EXLS opened at $29.65 on Wednesday. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 1.52 and a beta of 1.00. The company has a fifty day simple moving average of $30.54 and a 200 day simple moving average of $29.83. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.15. ExlService has a twelve month low of $25.17 and a twelve month high of $34.41.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Thursday, February 29th. The business services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). ExlService had a return on equity of 22.83% and a net margin of 11.32%. The company had revenue of $414.06 million during the quarter, compared to analysts’ expectations of $408.56 million. Equities research analysts expect that ExlService will post 1.3 EPS for the current fiscal year.

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.