Analysts Set ExlService Holdings, Inc. (NASDAQ:EXLS) Price Target at $47.38

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $47.38.

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

ExlService Stock Performance

EXLS traded up $0.72 during trading on Friday, hitting $47.20. 1,040,041 shares of the company traded hands, compared to its average volume of 937,394. The firm has a market cap of $7.66 billion, a P/E ratio of 41.40, a price-to-earnings-growth ratio of 2.11 and a beta of 1.10. 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 has a one year low of $28.16 and a one year high of $52.43. The stock's fifty day moving average is $48.70 and its 200 day moving average is $44.52.

Remove Ads

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.08). The firm had revenue of $481.43 million during the quarter, compared to analysts' expectations of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. As a group, equities analysts predict that ExlService will post 1.27 EPS for the current fiscal year.

Insider Transactions at ExlService

In other news, EVP Ajay Ayyappan sold 16,186 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $51.50, for a total value of $833,579.00. Following the completion of the transaction, the executive vice president now directly owns 40,986 shares in the company, valued at approximately $2,110,779. This represents a 28.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Maurizio Nicolelli sold 13,753 shares of the firm's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.14, for a total value of $675,822.42. Following the transaction, the chief financial officer now directly owns 194,440 shares in the company, valued at approximately $9,554,781.60. This represents a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,351 shares of company stock valued at $2,337,284. 4.16% of the stock is owned by corporate insiders.

Institutional Trading of ExlService

Several hedge funds have recently added to or reduced their stakes in EXLS. FMR LLC raised its holdings in ExlService by 39.4% during the 4th quarter. FMR LLC now owns 9,364,312 shares of the business services provider's stock valued at $415,588,000 after buying an additional 2,647,937 shares during the last quarter. Norges Bank purchased a new position in ExlService during the 4th quarter valued at about $106,452,000. Handelsbanken Fonder AB raised its position in ExlService by 313.9% during the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider's stock valued at $97,400,000 after purchasing an additional 1,664,400 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in ExlService in the 4th quarter worth approximately $52,852,000. Finally, Axiom Investors LLC DE purchased a new position in shares of ExlService during the fourth quarter valued at approximately $20,419,000. 92.92% of the stock is owned by institutional investors.

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.