Analysts Set ExlService Holdings, Inc. (NASDAQ:EXLS) PT at $42.86

ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) has received an average recommendation of "Moderate Buy" from the seven brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $42.86.

EXLS has been the topic of a number of research reports. Citigroup boosted their price objective on ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a research note on Monday, October 14th. StockNews.com raised shares of ExlService from a "hold" rating to a "buy" rating in a report on Tuesday, December 31st. Robert W. Baird lifted their price objective on shares of ExlService from $40.00 to $44.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Jefferies Financial Group upgraded ExlService from a "hold" rating to a "buy" rating and increased their target price for the stock from $35.00 to $42.00 in a research report on Monday, September 9th. Finally, Needham & Company LLC lifted their price target on ExlService from $40.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, October 31st.

ExlService Stock Performance

EXLS stock traded down $0.08 during mid-day trading on Monday, hitting $44.65. The company had a trading volume of 579,879 shares, compared to its average volume of 545,026. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The firm has a market cap of $7.18 billion, a PE ratio of 39.17, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02. ExlService has a 12 month low of $28.16 and a 12 month high of $47.37. The stock's fifty day moving average price is $45.07 and its two-hundred day moving average price is $38.91.

ExlService (NASDAQ:EXLS - Get Free Report) last posted 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 company had revenue of $472.07 million for the quarter, compared to analysts' expectations of $460.73 million. During the same quarter in the previous year, the firm posted $0.30 EPS. ExlService's revenue was up 14.9% on a year-over-year basis. On average, analysts forecast that ExlService will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Jaynie M. Studenmund sold 3,645 shares of the company's 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 transaction, the director now directly owns 14,580 shares in the company, valued at approximately $642,249. This represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vikas Bhalla sold 22,813 shares of ExlService stock in a transaction that occurred on Monday, November 4th. The shares were 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. The trade was a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 426,458 shares of company stock worth $18,720,514. Corporate insiders own 4.16% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Algert Global LLC boosted its holdings in shares of ExlService by 18.0% in the 3rd quarter. Algert Global LLC now owns 150,460 shares of the business services provider's stock worth $5,740,000 after purchasing an additional 22,970 shares in the last quarter. Quest Partners LLC lifted its position in ExlService by 196.8% in the 3rd quarter. Quest Partners LLC now owns 70,015 shares of the business services provider's stock worth $2,671,000 after buying an additional 46,422 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in ExlService by 4.3% in the third quarter. Eagle Asset Management Inc. now owns 711,995 shares of the business services provider's stock worth $27,163,000 after buying an additional 29,510 shares in the last quarter. Assetmark Inc. grew its position in ExlService by 107,991.3% during the third quarter. Assetmark Inc. now owns 24,861 shares of the business services provider's stock valued at $948,000 after acquiring an additional 24,838 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of ExlService by 317.0% during the second quarter. Renaissance Technologies LLC now owns 255,200 shares of the business services provider's stock worth $8,003,000 after acquiring an additional 194,000 shares in the last quarter. 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.