ExlService Holdings, Inc. (NASDAQ:EXLS) Receives $52.33 Average Price Target from Analysts

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $52.33.

EXLS has been the subject of several research reports. Needham & Company LLC raised their price target on ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 27th. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Jefferies Financial Group raised their price objective on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. upped their target price on ExlService from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Finally, Stifel Nicolaus lifted their price target on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, February 27th.

ExlService Stock Performance

Shares of NASDAQ EXLS opened at $46.86 on Friday. The stock has a market capitalization of $7.62 billion, a PE ratio of 41.11, a price-to-earnings-growth ratio of 2.11 and a beta of 0.86. ExlService has a 52 week low of $28.59 and a 52 week high of $52.43. The stock has a 50 day moving average price of $45.68 and a 200 day moving average price of $46.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02.

ExlService (NASDAQ:EXLS) last released its earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $501.02 million during the quarter, compared to analysts’ expectations of $489.66 million. During the same period last year, the business earned $0.38 earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. Analysts predict that ExlService will post 1.27 earnings per share for the current fiscal year.

Insider Transactions at ExlService

In related news, EVP Ajay Ayyappan sold 4,989 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $50.70, for a total transaction of $252,942.30. Following the completion of the sale, the executive vice president now owns 40,986 shares of the company’s stock, valued at $2,077,990.20. This represents a 10.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Anita Mahon sold 10,558 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total transaction of $484,823.36. Following the sale, the executive vice president now owns 94,443 shares in the company, valued at $4,336,822.56. The trade was a 10.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,992 shares of company stock valued at $2,673,620. 4.16% of the stock is currently owned by company insiders.

Institutional Trading of ExlService

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in ExlService during the fourth quarter valued at approximately $8,682,000. Smith Group Asset Management LLC lifted its position in shares of ExlService by 1.9% during the 4th quarter. Smith Group Asset Management LLC now owns 422,607 shares of the business services provider’s stock worth $18,755,000 after buying an additional 7,694 shares during the last quarter. Oak Ridge Investments LLC boosted its stake in ExlService by 3.1% in the fourth quarter. Oak Ridge Investments LLC now owns 331,169 shares of the business services provider’s stock valued at $14,697,000 after buying an additional 9,859 shares in the last quarter. Barclays PLC raised its stake in ExlService by 62.6% during the third quarter. Barclays PLC now owns 446,605 shares of the business services provider’s stock worth $17,040,000 after acquiring an additional 171,912 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of ExlService by 29.8% in the fourth quarter. KBC Group NV now owns 6,583 shares of the business services provider’s stock worth $292,000 after acquiring an additional 1,512 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.

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.