Analysts Set ExlService Holdings, Inc. (NASDAQ:EXLS) Price Target at $45.00

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One research 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 analysts that have covered the stock in the last year is $45.00.

A number of analysts have recently weighed in on EXLS shares. Citigroup upped their price objective on ExlService from $38.00 to $46.00 and gave the stock a "buy" rating in a research report on Monday, October 14th. Needham & Company LLC upped their price objective on ExlService from $40.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. StockNews.com raised ExlService from a "hold" rating to a "buy" rating in a research report on Sunday. Robert W. Baird increased their target price on ExlService from $40.00 to $44.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group increased their target price on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, January 21st.

Insiders Place Their Bets

In other ExlService news, Director Jaynie M. Studenmund sold 3,645 shares of the firm's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total transaction of $160,562.25. Following the transaction, the director now owns 14,580 shares of the company's stock, valued at approximately $642,249. This trade represents a 20.00 % decrease in their ownership of the stock. The sale 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 firm's stock in a transaction dated Tuesday, November 12th. The stock was 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 in the company, valued at approximately $32,323,661.15. The trade was a 12.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 217,398 shares of company stock valued at $10,089,385. 4.16% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ExlService

Several hedge funds have recently made changes to their positions in the business. VisionPoint Advisory Group LLC acquired a new stake in shares of ExlService during the fourth quarter worth about $58,000. Arcadia Investment Management Corp MI acquired a new stake in shares of ExlService during the fourth quarter worth about $123,000. Concurrent Investment Advisors LLC acquired a new stake in shares of ExlService during the fourth quarter worth about $222,000. Handelsbanken Fonder AB boosted its stake in shares of ExlService by 313.9% during the fourth quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider's stock worth $97,400,000 after buying an additional 1,664,400 shares during the period. Finally, Alberta Investment Management Corp boosted its stake in shares of ExlService by 286.6% during the fourth quarter. Alberta Investment Management Corp now owns 113,440 shares of the business services provider's stock worth $5,034,000 after buying an additional 84,095 shares during the period. Institutional investors and hedge funds own 92.92% of the company's stock.

ExlService Stock Up 1.4 %

Shares of ExlService stock traded up $0.69 during trading hours on Friday, reaching $50.95. 846,470 shares of the company were exchanged, compared to its average volume of 961,734. ExlService has a 1 year low of $28.16 and a 1 year high of $51.10. The stock's fifty day moving average is $46.41 and its 200 day moving average is $41.05. 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 $8.20 billion, a PE ratio of 44.69, a PEG ratio of 2.10 and a beta of 1.03.

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.