ExlService Holdings, Inc. (NASDAQ:EXLS) Receives $48.86 Consensus Target Price from Brokerages

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $48.86.

A number of equities analysts have recently issued reports on EXLS shares. Jefferies Financial Group increased their target price on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Stifel Nicolaus boosted their target price on shares of ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Needham & Company LLC increased their target price on shares of 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 lowered shares of ExlService from a “buy” rating to a “hold” rating in a research report on Monday, April 14th.

Insider Activity at ExlService

In related news, CFO Maurizio Nicolelli sold 13,753 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the transaction, the chief financial officer now directly owns 194,440 shares of the company’s stock, valued at approximately $9,554,781.60. The trade was a 6.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anita Mahon sold 10,558 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total transaction of $484,823.36. Following the completion of the transaction, the executive vice president now directly owns 94,443 shares in the company, valued at approximately $4,336,822.56. This represents a 10.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,351 shares of company stock worth $2,337,284 over the last 90 days. Insiders own 4.16% of the company’s stock.

Institutional Investors Weigh In On ExlService

Several institutional investors have recently made changes to their positions in EXLS. Mather Group LLC. bought a new position in ExlService in the fourth quarter valued at about $25,000. Kestra Investment Management LLC acquired a new stake in ExlService during the 4th quarter worth about $26,000. Morse Asset Management Inc bought a new stake in shares of ExlService in the 4th quarter valued at $49,000. VisionPoint Advisory Group LLC acquired a new position in ExlService during the 4th quarter worth approximately $58,000. Finally, USA Financial Formulas acquired a new position in shares of ExlService during the fourth quarter valued at about $58,000. 92.92% of the stock is currently owned by institutional investors.

ExlService Stock Performance

Shares of NASDAQ EXLS opened at $44.89 on Wednesday. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 39.38, a PEG ratio of 2.11 and a beta of 0.91. ExlService has a one year low of $28.59 and a one year high of $52.43. The business has a fifty day simple moving average of $47.04 and a 200 day simple moving average of $45.56. 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 released its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.08). ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business had revenue of $481.43 million for the quarter, compared to the consensus estimate of $475.68 million. Sell-side analysts expect that ExlService will post 1.27 EPS for the current year.

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.