ExlService Holdings, Inc. (NASDAQ:EXLS) Given Average Recommendation of “Moderate Buy” by Brokerages

ExlService Holdings, Inc. (NASDAQ:EXLS) has received an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $45.00.

Several equities analysts recently commented on EXLS shares. Robert W. Baird boosted their price target on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Jefferies Financial Group boosted their target price 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. Citigroup lifted their price target on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. StockNews.com lowered shares of ExlService from a “buy” rating to a “hold” rating in a report on Saturday, January 25th. Finally, Needham & Company LLC raised their target price on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, October 31st.

ExlService Price Performance

ExlService stock opened at $50.49 on Friday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $8.12 billion, a P/E ratio of 44.29, a PEG ratio of 2.08 and a beta of 1.02. The firm has a fifty day moving average of $46.33 and a 200-day moving average of $40.84. ExlService has a 52-week low of $28.16 and a 52-week high of $51.07.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company had revenue of $472.07 million for the quarter, compared to analyst estimates of $460.73 million. During the same period last year, the company posted $0.30 earnings per share. The firm’s revenue was up 14.9% compared to the same quarter last year. As a group, analysts predict that ExlService will post 1.27 EPS for the current year.

Insider Transactions at ExlService

In other 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 value of $675,822.42. Following the completion of the sale, the chief financial officer now directly owns 194,440 shares in the company, valued at approximately $9,554,781.60. The trade was a 6.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jaynie M. Studenmund sold 3,645 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total value of $160,562.25. Following the sale, the director now directly owns 14,580 shares in the company, valued at approximately $642,249. This represents a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 340,211 shares of company stock valued at $15,251,337. Insiders own 4.16% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of EXLS. Chartwell Investment Partners LLC lifted its holdings in ExlService by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider’s stock worth $1,196,000 after acquiring an additional 254 shares during the last quarter. Azzad Asset Management Inc. ADV grew its holdings in shares of ExlService by 1.1% during the third quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider’s stock valued at $944,000 after purchasing an additional 261 shares during the last quarter. UMB Bank n.a. raised its position in shares of ExlService by 17.6% during the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock worth $85,000 after purchasing an additional 288 shares during the period. Dakota Wealth Management lifted its holdings in shares of ExlService by 5.0% in the 4th quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider’s stock worth $288,000 after purchasing an additional 311 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its position in ExlService by 5.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 7,482 shares of the business services provider’s stock valued at $285,000 after purchasing an additional 359 shares during the period. 92.92% of the stock is owned by institutional investors and hedge funds.

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.