ExlService Holdings, Inc. (NASDAQ:EXLS) Receives $47.38 Consensus Target Price from Brokerages

ExlService Holdings, Inc. (NASDAQ:EXLS) has been assigned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $47.38.

A number of research firms recently weighed in on EXLS. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. Jefferies Financial Group lifted their price objective on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Stifel Nicolaus increased their price objective on shares of ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Needham & Company LLC lifted their target price on ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 27th.

Insider Activity at ExlService

In related news, EVP Anita Mahon sold 10,558 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total value of $484,823.36. Following the completion of the sale, the executive vice president now owns 94,443 shares of the company’s stock, valued at approximately $4,336,822.56. This represents a 10.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Maurizio Nicolelli sold 13,753 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $49.14, for a total value of $675,822.42. Following the sale, the chief financial officer now directly owns 194,440 shares of the company’s stock, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,351 shares of company stock valued at $2,337,284. 4.16% of the stock is owned by company insiders.

Institutional Investors Weigh In On ExlService

A number of institutional investors and hedge funds have recently made changes to their positions in EXLS. Wealth Enhancement Advisory Services LLC lifted its holdings in ExlService by 11.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,826 shares of the business services provider’s stock worth $658,000 after buying an additional 1,481 shares in the last quarter. GTS Securities LLC purchased a new stake in ExlService in the 4th quarter valued at approximately $223,000. PharVision Advisers LLC purchased a new position in shares of ExlService in the 4th quarter valued at about $937,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of ExlService by 12.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 477,705 shares of the business services provider’s stock valued at $21,201,000 after purchasing an additional 51,113 shares during the period. Finally, iSAM Funds UK Ltd purchased a new stake in ExlService during the fourth quarter worth about $221,000. 92.92% of the stock is owned by hedge funds and other institutional investors.

ExlService Price Performance

NASDAQ:EXLS opened at $46.48 on Friday. ExlService has a 52 week low of $28.16 and a 52 week high of $52.43. The business’s 50-day simple moving average is $48.70 and its two-hundred day simple moving average is $44.52. 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 stock has a market cap of $7.54 billion, a PE ratio of 40.77, a P/E/G ratio of 2.11 and a beta of 1.10.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.08). ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $481.43 million for the quarter, compared to analysts’ expectations of $475.68 million. As a group, analysts forecast that ExlService will post 1.27 EPS for the current fiscal 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.