ExlService Holdings, Inc. (NASDAQ:EXLS) Receives $47.38 Consensus Price Target from Brokerages

ExlService Holdings, Inc. (NASDAQ:EXLS) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $47.38.

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

Insider Activity

In related news, CFO Maurizio Nicolelli sold 13,753 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $49.14, for a total value of $675,822.42. Following the completion of the sale, the chief financial officer now owns 194,440 shares of the company’s stock, valued at $9,554,781.60. This trade represents a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ajay Ayyappan sold 16,186 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $51.50, for a total transaction of $833,579.00. Following the transaction, the executive vice president now owns 40,986 shares in the company, valued at $2,110,779. This represents a 28.31 % decrease in their position. 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 currently owned by company insiders.

Hedge Funds Weigh In On ExlService

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Algert Global LLC grew its holdings in ExlService by 18.0% in the third quarter. Algert Global LLC now owns 150,460 shares of the business services provider’s stock worth $5,740,000 after purchasing an additional 22,970 shares during the period. Eagle Asset Management Inc. grew its stake in shares of ExlService by 4.3% in the 3rd quarter. Eagle Asset Management Inc. now owns 711,995 shares of the business services provider’s stock worth $27,163,000 after buying an additional 29,510 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of ExlService in the 3rd quarter worth approximately $1,543,000. PEAK6 Investments LLC bought a new position in ExlService during the 3rd quarter valued at approximately $484,000. Finally, Smith Group Asset Management LLC raised its stake in ExlService by 1.9% during the fourth quarter. Smith Group Asset Management LLC now owns 422,607 shares of the business services provider’s stock valued at $18,755,000 after buying an additional 7,694 shares during the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

ExlService Price Performance

EXLS stock opened at $46.48 on Friday. The firm has a 50 day moving average of $48.70 and a 200-day moving average of $44.52. The firm has a market capitalization of $7.54 billion, a P/E ratio of 40.77, a price-to-earnings-growth ratio of 2.11 and a beta of 1.10. ExlService has a 12 month low of $28.16 and a 12 month high of $52.43. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results 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). ExlService had a net margin of 10.61% and a return on equity of 23.23%. The firm had revenue of $481.43 million during the quarter, compared to the consensus estimate of $475.68 million. As a group, sell-side analysts predict that ExlService will post 1.27 earnings per share for the current fiscal 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.