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

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $42.86.

EXLS has been the subject of several research reports. Needham & Company LLC upped their target price on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Robert W. Baird increased their price objective on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research report on Wednesday. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and upped their target price for the stock from $35.00 to $42.00 in a research note on Monday, September 9th. Finally, JPMorgan Chase & Co. lifted their price target on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th.

Insiders Place Their Bets

In other news, EVP Anita Mahon sold 25,670 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $35.50, for a total transaction of $911,285.00. Following the completion of the transaction, the executive vice president now directly owns 68,857 shares of the company’s stock, valued at approximately $2,444,423.50. This represents a 27.16 % 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, CEO Rohit Kapoor sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $46.87, for a total value of $4,687,000.00. Following the completion of the sale, the chief executive officer now directly owns 689,645 shares in the company, valued at $32,323,661.15. The trade was a 12.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 483,483 shares of company stock valued at $20,737,537 in the last ninety days. Company insiders own 4.16% of the company’s stock.

Hedge Funds Weigh In On ExlService

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ashton Thomas Securities LLC purchased a new position in ExlService during the 3rd quarter valued at $27,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of ExlService by 164.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock valued at $29,000 after buying an additional 574 shares during the period. New Covenant Trust Company N.A. bought a new position in ExlService in the first quarter worth about $30,000. Huntington National Bank lifted its holdings in ExlService by 2,827.5% in the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after buying an additional 1,131 shares during the period. Finally, GAMMA Investing LLC boosted its position in ExlService by 28.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 391 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

ExlService Stock Performance

Shares of EXLS opened at $44.69 on Friday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a 50-day moving average price of $39.75 and a 200-day moving average price of $34.94. The company has a market cap of $7.19 billion, a PE ratio of 39.20, a price-to-earnings-growth ratio of 2.25 and a beta of 0.99. ExlService has a 12-month low of $27.27 and a 12-month high of $47.32.

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