ExlService (NASDAQ:EXLS) Earns Neutral Rating from Wedbush

Wedbush reiterated their neutral rating on shares of ExlService (NASDAQ:EXLS) in a report issued on Wednesday morning, Benzinga reports. Wedbush currently has a $34.00 target price on the business services provider’s stock.

EXLS has been the subject of several other reports. Citigroup lowered 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. StockNews.com cut ExlService from a buy rating to a hold rating in a research note on Thursday, February 29th. Needham & Company LLC reissued a buy rating and issued a $40.00 target price on shares of ExlService in a research note on Friday, March 1st. Finally, TD Cowen lifted their target price on ExlService from $36.00 to $37.00 and gave the company an outperform rating in a research note on Tuesday, April 2nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $36.14.

ExlService Trading Down 1.3 %

EXLS stock opened at $29.65 on Wednesday. The business has a fifty day moving average price of $30.54 and a 200 day moving average price of $29.83. ExlService has a fifty-two week low of $25.17 and a fifty-two week high of $34.41. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 27.40, a P/E/G ratio of 1.57 and a beta of 1.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 2.08.

ExlService (NASDAQ:EXLS) last released 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). The business had revenue of $414.06 million for the quarter, compared to analyst estimates of $408.56 million. ExlService had a net margin of 10.92% and a return on equity of 23.13%. Analysts expect that ExlService will post 1.3 EPS for the current fiscal year.

Insider Transactions at ExlService

In other news, EVP Ajay Ayyappan sold 9,259 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total value of $292,491.81. Following the transaction, the executive vice president now directly 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 the SEC website. In other ExlService news, EVP Vikas Bhalla sold 23,760 shares of ExlService 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 $4,003,219.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Ajay Ayyappan sold 9,259 shares of ExlService stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total value of $292,491.81. Following the transaction, the executive vice president now owns 50,693 shares in the company, valued at $1,601,391.87. The disclosure for this sale can be found here. 3.75% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in ExlService by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 17,015,630 shares of the business services provider’s stock worth $524,932,000 after acquiring an additional 180,928 shares in the last quarter. FMR LLC lifted its holdings in shares of ExlService by 407.4% in the third quarter. FMR LLC now owns 9,605,650 shares of the business services provider’s stock valued at $269,342,000 after purchasing an additional 7,712,359 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of ExlService by 367.2% in the third quarter. Wellington Management Group LLP now owns 8,639,488 shares of the business services provider’s stock valued at $242,251,000 after purchasing an additional 6,790,373 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of ExlService by 4.5% in the fourth quarter. Mackenzie Financial Corp now owns 6,813,597 shares of the business services provider’s stock valued at $210,199,000 after purchasing an additional 291,734 shares in the last quarter. Finally, Geneva Capital Management LLC lifted its holdings in shares of ExlService by 8.7% in the first quarter. Geneva Capital Management LLC now owns 4,585,428 shares of the business services provider’s stock valued at $145,817,000 after purchasing an additional 365,776 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

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.