Brokerages Set ExlService Holdings, Inc. (NASDAQ:EXLS) Price Target at $42.86

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have received a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $42.86.

A number of research firms recently issued reports on EXLS. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Needham & Company LLC boosted their price target on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Citigroup upped their price objective on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and raised their target price for the company from $35.00 to $42.00 in a research note on Monday, September 9th. Finally, JPMorgan Chase & Co. upped their price target on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th.

Insider Activity at ExlService

In other news, Director Jaynie M. Studenmund sold 3,645 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total transaction of $160,562.25. Following the completion of the sale, the director now owns 14,580 shares in the company, valued at $642,249. The trade was a 20.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Vikas Bhalla sold 22,813 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $41.86, for a total value of $954,952.18. Following the completion of the transaction, the insider now directly 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. In the last quarter, insiders have sold 426,458 shares of company stock worth $18,720,514. Company insiders own 4.16% of the company’s stock.

Institutional Trading of ExlService

Several institutional investors have recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in ExlService during the 3rd quarter worth $27,000. Whittier Trust Co. of Nevada Inc. raised its stake 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 purchasing an additional 574 shares in the last quarter. Huntington National Bank boosted its holdings in ExlService by 2,827.5% in 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 period. UMB Bank n.a. grew its position in shares of ExlService by 29.7% during 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. Finally, GAMMA Investing LLC increased its holdings in shares of ExlService by 32.8% during the third quarter. GAMMA Investing LLC now owns 2,331 shares of the business services provider’s stock worth $89,000 after purchasing an additional 576 shares during the period. 92.92% of the stock is currently owned by institutional investors.

ExlService Price Performance

Shares of EXLS opened at $45.93 on Thursday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService has a twelve month low of $28.16 and a twelve month high of $47.37. The stock has a market capitalization of $7.39 billion, a P/E ratio of 40.29, a P/E/G ratio of 2.26 and a beta of 1.01. The company has a 50 day moving average of $43.33 and a 200-day moving average of $37.11.

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