ExlService Holdings, Inc. (NASDAQ:EXLS) Receives $42.86 Consensus Price Target from Brokerages

ExlService Holdings, Inc. (NASDAQ:EXLS) has earned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $42.86.

Several research firms have weighed in on EXLS. Citigroup increased their price objective on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Needham & Company LLC raised their price target on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Robert W. Baird boosted their price objective on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, StockNews.com cut shares of ExlService from a “buy” rating to a “hold” rating in a research report on Thursday.

Insider Activity

In other news, CEO Rohit Kapoor sold 100,000 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $42.07, for a total value of $4,207,000.00. Following the transaction, the chief executive officer now owns 1,190,240 shares of the company’s stock, valued at approximately $50,073,396.80. The trade was a 7.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Vikas Bhalla sold 22,813 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $41.86, for a total transaction of $954,952.18. Following the transaction, the insider now directly owns 102,825 shares of the company’s stock, valued at $4,304,254.50. The trade was a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 426,458 shares of company stock worth $18,720,514 over the last ninety days. Corporate insiders own 4.16% of the company’s stock.

Institutional Investors Weigh In On ExlService

Hedge funds have recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in ExlService during the third quarter valued at $27,000. Huntington National Bank raised its position in shares of 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 buying an additional 1,131 shares in the last quarter. UMB Bank n.a. lifted 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 valued at $62,000 after acquiring an additional 375 shares during the last quarter. GAMMA Investing LLC grew its position in ExlService by 32.8% in the third quarter. GAMMA Investing LLC now owns 2,331 shares of the business services provider’s stock worth $89,000 after acquiring an additional 576 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its stake in ExlService by 25.5% during the third quarter. First Horizon Advisors Inc. now owns 2,576 shares of the business services provider’s stock worth $98,000 after acquiring an additional 524 shares during the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

ExlService Stock Down 0.4 %

Shares of NASDAQ EXLS opened at $45.11 on Monday. The firm’s fifty day moving average is $45.31 and its 200 day moving average is $39.09. ExlService has a 52 week low of $28.16 and a 52 week high of $47.37. 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 market cap of $7.26 billion, a price-to-earnings ratio of 39.57, a PEG ratio of 2.23 and a beta of 1.01.

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