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

ExlService Holdings, Inc. (NASDAQ:EXLS) has been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $42.86.

A number of equities analysts have recently weighed in on EXLS shares. Citigroup upped their target price on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Tuesday, December 31st. Robert W. Baird lifted their price target on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC raised their target price on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, October 31st.

Insider Activity at ExlService

In related news, Director Jaynie M. Studenmund sold 3,645 shares of ExlService stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total value of $160,562.25. Following the sale, the director now owns 14,580 shares of the company’s stock, valued at approximately $642,249. The trade was a 20.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total value of $4,687,000.00. Following the transaction, the chief executive officer now directly owns 689,645 shares of the company’s stock, valued at approximately $32,323,661.15. This trade represents a 12.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 426,458 shares of company stock valued at $18,720,514. 4.16% of the stock is owned by insiders.

Hedge Funds Weigh In On ExlService

Several large investors have recently modified their holdings of EXLS. Mackenzie Financial Corp boosted its holdings in ExlService by 3.2% in the 2nd quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock worth $238,869,000 after buying an additional 233,108 shares during the period. State Street Corp increased its position in shares of ExlService by 1.0% during the third quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock valued at $222,693,000 after buying an additional 59,196 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of ExlService by 46.5% in the second quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider’s stock worth $159,871,000 after buying an additional 1,618,003 shares in the last quarter. Geneva Capital Management LLC boosted its position in shares of ExlService by 1.9% in the third quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock valued at $179,092,000 after acquiring an additional 87,592 shares during the period. Finally, Geode Capital Management LLC increased its holdings in ExlService by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock worth $165,083,000 after acquiring an additional 149,856 shares during the period. Hedge funds and other institutional investors own 92.92% of the company’s stock.

ExlService Trading Up 2.6 %

NASDAQ:EXLS opened at $45.28 on Monday. ExlService has a 12 month low of $28.16 and a 12 month high of $47.37. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of 39.72, a PEG ratio of 2.23 and a beta of 1.01. The firm has a fifty day simple moving average of $45.17 and a two-hundred day simple moving average of $39.01.

ExlService (NASDAQ:EXLS) last issued its earnings results 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. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. During the same period last year, the business posted $0.30 EPS. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. Analysts expect 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.