ExlService Holdings, Inc. (NASDAQ:EXLS) Given Consensus Recommendation of "Moderate Buy" by Brokerages

ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven analysts that are covering the company, 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 12-month target price among brokerages that have covered the stock in the last year is $42.86.

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

Insider Buying and Selling at ExlService

In other ExlService news, insider Vikas Bhalla sold 22,813 shares of the company's 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 completion of the transaction, the insider now owns 102,825 shares of the company's stock, valued at $4,304,254.50. This represents a 18.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rohit Kapoor sold 100,000 shares of ExlService stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $41.45, for a total transaction of $4,145,000.00. Following the completion of the sale, the chief executive officer now owns 1,290,240 shares in the company, valued at $53,480,448. This trade represents a 7.19 % 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 valued at $18,720,514. 4.16% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EXLS. Mackenzie Financial Corp boosted its position in ExlService by 3.2% during the second quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider's stock valued at $238,869,000 after purchasing an additional 233,108 shares during the last quarter. State Street Corp boosted its holdings in shares of ExlService by 1.0% in the 3rd 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 last quarter. William Blair Investment Management LLC grew its stake 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 valued at $159,871,000 after buying an additional 1,618,003 shares in the last quarter. Geneva Capital Management LLC increased its holdings in ExlService by 1.9% during the third quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider's stock worth $179,092,000 after buying an additional 87,592 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in ExlService by 3.6% during the third 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 in the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

ExlService Trading Down 0.3 %

ExlService stock traded down $0.16 during trading hours on Thursday, reaching $46.27. 515,709 shares of the company's stock traded hands, compared to its average volume of 934,960. The firm has a market capitalization of $7.44 billion, a price-to-earnings ratio of 40.59, a PEG ratio of 2.27 and a beta of 1.01. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. ExlService has a fifty-two week low of $28.16 and a fifty-two week high of $47.37. The firm's 50 day moving average is $43.19 and its 200-day moving average is $36.95.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $460.73 million. During the same period in the prior year, the business posted $0.30 earnings per share. ExlService's revenue was up 14.9% compared to the same quarter last year. On average, analysts predict that ExlService will post 1.27 earnings per share for the current 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.