Analysts Set ExlService Holdings, Inc. (NASDAQ:EXLS) PT at $40.86

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) have been given an average recommendation of "Moderate Buy" by the seven ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $40.86.

A number of analysts recently issued reports on the company. Needham & Company LLC restated a "buy" rating and issued a $40.00 price target on shares of ExlService in a research report on Friday, August 2nd. Citigroup increased their target price on shares of ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a research note on Monday, October 14th. JPMorgan Chase & Co. lifted their price target on shares of ExlService from $38.00 to $41.00 and gave the stock an "overweight" rating in a research note on Friday, September 6th. Robert W. Baird increased their price objective on shares of ExlService from $35.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group raised shares of ExlService from a "hold" rating to a "buy" rating and raised their price objective for the stock from $35.00 to $42.00 in a research note on Monday, September 9th.

ExlService Price Performance

Shares of NASDAQ:EXLS traded down $0.17 during mid-day trading on Wednesday, reaching $39.28. The stock had a trading volume of 495,875 shares, compared to its average volume of 944,715. The business's 50 day moving average price is $37.32 and its 200 day moving average price is $33.35. ExlService has a 1 year low of $25.17 and a 1 year high of $40.77. The company has a market cap of $6.58 billion, a P/E ratio of 36.37, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.30.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its earnings results on Thursday, August 1st. The business services provider reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.01. The firm had revenue of $448.40 million during the quarter, compared to the consensus estimate of $444.61 million. ExlService had a return on equity of 22.92% and a net margin of 10.45%. The company's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 EPS. Research analysts expect that ExlService will post 1.28 EPS for the current fiscal year.

Insider Transactions at ExlService

In other ExlService news, CEO Rohit Kapoor sold 40,000 shares of the company's stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $34.05, for a total value of $1,362,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,509,588 shares in the company, valued at approximately $51,401,471.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other ExlService news, EVP Anita Mahon sold 25,670 shares of the firm's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $35.50, for a total transaction of $911,285.00. Following the transaction, the executive vice president now owns 68,857 shares of the company's stock, valued at approximately $2,444,423.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Rohit Kapoor sold 40,000 shares of the business's stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $34.05, for a total transaction of $1,362,000.00. Following the completion of the sale, the chief executive officer now owns 1,509,588 shares of the company's stock, valued at approximately $51,401,471.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 134,875 shares of company stock valued at $4,716,859. 3.75% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ExlService

Several institutional investors have recently bought and sold shares of EXLS. Whittier Trust Co. of Nevada Inc. grew its stake in ExlService by 164.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider's stock valued at $29,000 after purchasing an additional 574 shares during the last quarter. New Covenant Trust Company N.A. bought a new position in shares of ExlService during the 1st quarter worth approximately $30,000. Fidelis Capital Partners LLC purchased a new stake in ExlService during the first quarter valued at approximately $43,000. Headlands Technologies LLC boosted its stake in ExlService by 269.0% in the first quarter. Headlands Technologies LLC now owns 1,594 shares of the business services provider's stock valued at $51,000 after acquiring an additional 1,162 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in ExlService by 28.7% in the second quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider's stock worth $55,000 after purchasing an additional 391 shares during the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

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.