ExlService Holdings, Inc. (NASDAQ:EXLS) Receives $37.14 Consensus Price Target from Analysts

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $37.33.

Several analysts recently weighed in on EXLS shares. TD Cowen lifted their price objective on shares of ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Wedbush upgraded shares of ExlService from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $34.00 to $40.00 in a research report on Wednesday, May 8th. Citigroup boosted their price target on shares of ExlService from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of ExlService in a research report on Friday, May 3rd.

ExlService Price Performance

Shares of EXLS stock opened at $33.96 on Monday. The firm has a market cap of $5.69 billion, a P/E ratio of 31.39, a P/E/G ratio of 1.83 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 2.54. ExlService has a 1-year low of $25.17 and a 1-year high of $34.81. The firm has a fifty day moving average of $30.80 and a two-hundred day moving average of $30.76.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. ExlService had a net margin of 10.92% and a return on equity of 23.13%. The business had revenue of $436.51 million during the quarter, compared to analyst estimates of $424.81 million. As a group, research analysts anticipate that ExlService will post 1.27 earnings per share for the current fiscal year.

Insider Transactions at ExlService

In other news, EVP Narasimha Kini sold 14,315 shares of ExlService stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $34.50, for a total value of $493,867.50. Following the transaction, the executive vice president now directly owns 164,723 shares of the company’s stock, valued at $5,682,943.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other ExlService news, insider Vivek Jetley sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $30.28, for a total value of $121,120.00. Following the transaction, the insider now owns 333,847 shares in the company, valued at approximately $10,108,887.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Narasimha Kini sold 14,315 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $34.50, for a total transaction of $493,867.50. Following the completion of the transaction, the executive vice president now owns 164,723 shares in the company, valued at approximately $5,682,943.50. The disclosure for this sale can be found here. Insiders have sold a total of 141,587 shares of company stock valued at $4,438,140 over the last ninety days. Corporate insiders own 3.75% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EXLS. Public Employees Retirement System of Ohio grew its position in ExlService by 439.5% in the third quarter. Public Employees Retirement System of Ohio now owns 1,052 shares of the business services provider’s stock worth $29,000 after acquiring an additional 857 shares in the last quarter. New Covenant Trust Company N.A. bought a new stake in shares of ExlService during the 1st quarter worth $30,000. Principal Securities Inc. bought a new stake in shares of ExlService during the 4th quarter worth $34,000. Parallel Advisors LLC boosted its holdings in shares of ExlService by 44.6% during the 4th quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock worth $37,000 after buying an additional 366 shares during the period. Finally, RiverPark Advisors LLC boosted its holdings in shares of ExlService by 65.2% during the 4th quarter. RiverPark Advisors LLC now owns 1,274 shares of the business services provider’s stock worth $39,000 after buying an additional 503 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

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.