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

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $42.86.

EXLS has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on ExlService from $38.00 to $41.00 and gave the stock an "overweight" rating in a research note on Friday, September 6th. Needham & Company LLC boosted their price target on ExlService from $40.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Jefferies Financial Group raised shares of ExlService from a "hold" rating to a "buy" rating and upped their price target for the company from $35.00 to $42.00 in a research report on Monday, September 9th. StockNews.com raised shares of ExlService from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, 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.

ExlService Price Performance

Shares of EXLS opened at $44.69 on Friday. ExlService has a twelve month low of $27.27 and a twelve month high of $47.32. The company has a market capitalization of $7.19 billion, a P/E ratio of 39.20, a price-to-earnings-growth ratio of 2.17 and a beta of 0.99. The firm has a 50 day moving average of $39.75 and a 200 day moving average of $34.94. 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 (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, topping 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 firm had revenue of $472.07 million during the quarter, compared to analyst estimates of $460.73 million. During the same period in the previous year, the business posted $0.30 earnings per share. The business's revenue for the quarter was up 14.9% on a year-over-year basis. As a group, equities research analysts anticipate that ExlService will post 1.27 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Vikas Bhalla sold 22,813 shares of ExlService stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $41.86, for a total transaction of $954,952.18. Following the sale, the insider now owns 102,825 shares of the company's stock, valued at approximately $4,304,254.50. This trade represents a 18.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Anita Mahon sold 25,670 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $35.50, for a total value of $911,285.00. Following the completion of the transaction, the executive vice president now owns 68,857 shares of the company's stock, valued at $2,444,423.50. The trade was a 27.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 483,483 shares of company stock worth $20,737,537 in the last three months. Company insiders own 4.16% of the company's stock.

Institutional Trading of ExlService

Hedge funds have recently bought and sold shares of the stock. Chartwell Investment Partners LLC lifted its position in shares of ExlService by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider's stock worth $1,196,000 after buying an additional 254 shares in the last quarter. Azzad Asset Management Inc. ADV raised its holdings in shares of ExlService by 1.1% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider's stock worth $944,000 after acquiring an additional 261 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of ExlService by 3.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider's stock valued at $279,000 after acquiring an additional 291 shares during the last quarter. V Square Quantitative Management LLC boosted its position in shares of ExlService by 5.2% during the 2nd quarter. V Square Quantitative Management LLC now owns 7,123 shares of the business services provider's stock valued at $223,000 after acquiring an additional 349 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in ExlService by 2.3% in the third quarter. Quantinno Capital Management LP now owns 15,658 shares of the business services provider's stock worth $597,000 after purchasing an additional 359 shares during the last quarter. Hedge funds and other institutional investors own 92.92% of the company's stock.

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.