Brokerages Set ExlService Holdings, Inc. (NASDAQ:EXLS) Price Target at $36.14

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have been given an average rating of “Moderate Buy” by the six analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $36.14.

Several equities research analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of ExlService in a research note on Friday. Citigroup lowered their price objective on shares of ExlService from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Wedbush reaffirmed a “neutral” rating and issued a $34.00 price objective on shares of ExlService in a research report on Wednesday. StockNews.com lowered shares of ExlService from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Finally, TD Cowen raised their price objective on shares of ExlService from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd.

Insider Transactions at ExlService

In other news, EVP Ajay Ayyappan sold 9,259 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total transaction of $292,491.81. Following the transaction, the executive vice president now directly owns 50,693 shares of the company’s stock, valued at $1,601,391.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Ajay Ayyappan sold 9,259 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total value of $292,491.81. Following the transaction, the executive vice president now owns 50,693 shares in the company, valued at approximately $1,601,391.87. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Vikas Bhalla sold 23,760 shares of the business’s 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 sale, the executive vice president now directly 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. Corporate insiders own 3.75% of the company’s stock.

Hedge Funds Weigh In On ExlService

Institutional investors and hedge funds have recently made changes to their positions in the business. FinTrust Capital Advisors LLC bought a new position in shares of ExlService during the 3rd quarter worth approximately $29,000. Public Employees Retirement System of Ohio raised its holdings in shares of ExlService by 439.5% in the third quarter. Public Employees Retirement System of Ohio now owns 1,052 shares of the business services provider’s stock worth $29,000 after buying an additional 857 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of ExlService during the fourth quarter worth $34,000. Parallel Advisors LLC increased its position in shares of ExlService by 44.6% in the 4th quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 366 shares during the period. Finally, Operose Advisors LLC purchased a new position in ExlService in the 3rd quarter worth $38,000. 92.92% of the stock is owned by hedge funds and other institutional investors.

ExlService Stock Performance

NASDAQ:EXLS opened at $29.65 on Wednesday. ExlService has a 1 year low of $25.17 and a 1 year high of $34.41. The firm has a market capitalization of $4.82 billion, a PE ratio of 27.10, a PEG ratio of 1.52 and a beta of 1.00. The firm’s fifty day simple moving average is $30.54 and its 200 day simple moving average is $29.83. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.15.

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

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.