Citigroup Lowers ExlService (NASDAQ:EXLS) Price Target to $37.00

ExlService (NASDAQ:EXLS) had its price objective decreased by stock analysts at Citigroup from $38.00 to $37.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. Citigroup’s price objective would suggest a potential upside of 24.92% from the stock’s current price.

Other research analysts have also issued research reports about the company. TD Cowen boosted their target price on ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of ExlService in a research report on Friday, March 1st. Finally, StockNews.com downgraded ExlService from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.14.

ExlService Price Performance

EXLS stock opened at $29.62 on Monday. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 1.53 and a beta of 0.97. ExlService has a fifty-two week low of $25.17 and a fifty-two week high of $35.94. The business has a 50 day moving average price of $30.72 and a 200 day moving average price of $29.82. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.15.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Thursday, February 29th. The business services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). The firm had revenue of $414.06 million for the quarter, compared to analyst estimates of $408.56 million. ExlService had a return on equity of 22.83% and a net margin of 11.32%. Equities research analysts anticipate that ExlService will post 1.3 earnings per share for the current fiscal year.

Insider Activity at ExlService

In related news, EVP Ajay Ayyappan sold 9,259 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total value of $292,491.81. Following the completion of the transaction, the executive vice president now directly owns 50,693 shares in the company, valued at $1,601,391.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Ajay Ayyappan sold 9,259 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total value of $292,491.81. Following the completion of the sale, the executive vice president now owns 50,693 shares in the company, valued at $1,601,391.87. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Vikas Bhalla sold 23,760 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $31.51, for a total value of $748,677.60. Following the completion of the sale, the executive vice president now owns 127,046 shares of the company’s stock, valued at approximately $4,003,219.46. The disclosure for this sale can be found here. Insiders own 3.75% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vontobel Holding Ltd. lifted its holdings in ExlService by 266.8% during the 3rd quarter. Vontobel Holding Ltd. now owns 14,560 shares of the business services provider’s stock worth $408,000 after buying an additional 10,590 shares during the last quarter. CWM LLC boosted its stake in shares of ExlService by 376.9% during the 3rd quarter. CWM LLC now owns 39,800 shares of the business services provider’s stock worth $1,116,000 after acquiring an additional 31,455 shares in the last quarter. AE Wealth Management LLC boosted its stake in shares of ExlService by 293.6% during the 3rd quarter. AE Wealth Management LLC now owns 18,911 shares of the business services provider’s stock worth $530,000 after acquiring an additional 14,106 shares in the last quarter. Ritholtz Wealth Management boosted its position in shares of ExlService by 251.8% in the third quarter. Ritholtz Wealth Management now owns 9,484 shares of the business services provider’s stock worth $266,000 after buying an additional 6,788 shares during the period. Finally, Global Retirement Partners LLC boosted its position in ExlService by 707.1% during the 3rd quarter. Global Retirement Partners LLC now owns 3,317 shares of the business services provider’s stock worth $92,000 after acquiring an additional 2,906 shares during the period. Hedge funds and other 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.