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

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

Several equities research analysts have weighed in on EXLS shares. Robert W. Baird increased their price objective on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and lifted their price target for the company from $35.00 to $42.00 in a report on Monday, September 9th. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. Needham & Company LLC lifted their target price on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Citigroup increased their price target on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, October 14th.

Insider Buying and Selling

In other news, CEO Rohit Kapoor sold 100,000 shares of ExlService stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $41.45, for a total transaction of $4,145,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,290,240 shares in the company, valued at approximately $53,480,448. This trade represents a 7.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vikas Bhalla sold 22,813 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $41.86, for a total value of $954,952.18. Following the completion of the sale, the insider now owns 102,825 shares in the company, valued at $4,304,254.50. The trade was a 18.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 461,458 shares of company stock valued at $19,986,814 over the last quarter. Corporate insiders own 4.16% of the company’s stock.

Hedge Funds Weigh In On ExlService

A number of hedge funds have recently bought and sold shares of EXLS. Ashton Thomas Securities LLC purchased a new position in ExlService in the third quarter worth about $27,000. Whittier Trust Co. of Nevada Inc. raised its holdings in ExlService by 164.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock worth $29,000 after acquiring an additional 574 shares during the last quarter. New Covenant Trust Company N.A. bought a new position in ExlService in the 1st quarter valued at approximately $30,000. Huntington National Bank boosted its stake in ExlService by 2,827.5% during the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 1,131 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of ExlService by 29.7% in the 3rd quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock worth $62,000 after purchasing an additional 375 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

ExlService Trading Up 1.2 %

NASDAQ:EXLS opened at $46.21 on Friday. The firm has a market capitalization of $7.43 billion, a P/E ratio of 40.54, a P/E/G ratio of 2.22 and a beta of 0.99. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average of $40.64 and a 200 day moving average of $35.44. ExlService has a 52 week low of $27.95 and a 52 week high of $47.32.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 earnings per share. On average, research analysts predict that ExlService will post 1.27 earnings per share for the current 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.