Brokerages Set ExlService Holdings, Inc. (NASDAQ:EXLS) Target Price at $48.86

ExlService Holdings, Inc. (NASDAQ:EXLS) has earned a consensus rating of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $48.86.

EXLS has been the subject of a number of analyst reports. Needham & Company LLC raised their price objective on shares of ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Stifel Nicolaus raised their price target on shares of ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, February 27th. StockNews.com lowered shares of ExlService from a “buy” rating to a “hold” rating in a research report on Monday, April 14th. Finally, Jefferies Financial Group lifted their price objective on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st.

Insider Buying and Selling

In related news, CFO Maurizio Nicolelli sold 13,753 shares of the firm’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 transaction, the chief financial officer now directly owns 194,440 shares of the company’s stock, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Anita Mahon sold 10,558 shares of the company’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 value of $484,823.36. Following the completion of the sale, the executive vice president now directly owns 94,443 shares of the company’s stock, valued at approximately $4,336,822.56. This represents a 10.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,351 shares of company stock worth $2,337,284. Corporate insiders own 4.16% of the company’s stock.

Institutional Investors Weigh In On ExlService

A number of hedge funds have recently made changes to their positions in EXLS. Vanguard Group Inc. lifted its stake in ExlService by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider’s stock worth $699,925,000 after purchasing an additional 215,485 shares during the last quarter. FMR LLC increased its holdings in shares of ExlService by 39.4% in the fourth quarter. FMR LLC now owns 9,364,312 shares of the business services provider’s stock worth $415,588,000 after buying an additional 2,647,937 shares during the period. Handelsbanken Fonder AB lifted its stake in shares of ExlService by 25.2% in the 1st quarter. Handelsbanken Fonder AB now owns 2,746,690 shares of the business services provider’s stock valued at $129,671,000 after acquiring an additional 552,000 shares during the last quarter. Norges Bank bought a new stake in shares of ExlService in the 4th quarter valued at about $106,452,000. Finally, Northern Trust Corp boosted its holdings in ExlService by 13.1% during the 4th quarter. Northern Trust Corp now owns 2,178,673 shares of the business services provider’s stock valued at $96,690,000 after acquiring an additional 252,669 shares during the period. 92.92% of the stock is currently owned by institutional investors.

ExlService Stock Down 1.3 %

EXLS opened at $44.89 on Wednesday. The company has a 50 day moving average of $46.92 and a 200 day moving average of $45.70. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService has a 12 month low of $28.59 and a 12 month high of $52.43. The company has a market cap of $7.29 billion, a PE ratio of 39.38, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $475.68 million. On average, sell-side analysts expect 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.