Analysts Set ExlService Holdings, Inc. (NASDAQ:EXLS) PT at $43.50

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have earned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $43.50.

A number of research firms have recently commented on EXLS. Needham & Company LLC increased their target price on ExlService from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Robert W. Baird set a $45.00 price target on shares of ExlService and gave the stock an “outperform” rating in a research report on Thursday, July 30th. TD Cowen restated a “buy” rating and issued a $39.00 price target (down from $45.00) on shares of ExlService in a research report on Thursday, July 9th. JPMorgan Chase & Co. upped their price target on shares of ExlService from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings lowered shares of ExlService from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 30th.

ExlService Trading Up 0.5%

NASDAQ:EXLS opened at $35.07 on Tuesday. The business’s 50-day moving average is $28.94 and its 200 day moving average is $30.57. ExlService has a 12 month low of $24.85 and a 12 month high of $45.08. The company has a market capitalization of $5.32 billion, a P/E ratio of 22.06, a P/E/G ratio of 1.40 and a beta of 0.80.

Insider Activity

In related news, insider Vikas Bhalla sold 11,000 shares of ExlService stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $34.99, for a total value of $384,890.00. Following the completion of the transaction, the insider owned 130,295 shares in the company, valued at approximately $4,559,022.05. This trade represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ajay Ayyappan sold 5,093 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $29.11, for a total value of $148,257.23. Following the sale, the executive vice president directly owned 48,994 shares in the company, valued at $1,426,215.34. The trade was a 9.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 28,093 shares of company stock worth $895,787 over the last 90 days. Corporate insiders own 3.66% of the company’s stock.

Hedge Funds Weigh In On ExlService

Large investors have recently modified their holdings of the stock. one8zero8 LLC purchased a new position in ExlService during the second quarter worth $2,589,000. Danske Bank A S bought a new position in ExlService during the second quarter valued at $96,000. Diversify Advisory Services LLC purchased a new stake in shares of ExlService in the second quarter valued at $1,211,000. Summit Creek Advisors LLC purchased a new stake in shares of ExlService in the second quarter valued at $4,728,000. Finally, First National Bank of Omaha bought a new stake in shares of ExlService in the 2nd quarter worth about $1,789,000. Institutional investors own 92.92% of the company’s stock.

About ExlService

ExlService Holdings, Inc (NASDAQ: EXLS) is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.