Analysts Set ExlService Holdings, Inc. (NASDAQ:EXLS) Price Target at $40.86

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have received an average recommendation of “Moderate Buy” from the seven research firms that are covering the stock, 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 1 year price target among brokerages that have updated their coverage on the stock in the last year is $40.86.

EXLS has been the topic of several recent research reports. Citigroup raised their price target on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Robert W. Baird raised their price target on ExlService from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Jefferies Financial Group upgraded ExlService from a “hold” rating to a “buy” rating and raised their price target for the stock from $35.00 to $42.00 in a research report on Monday, September 9th. JPMorgan Chase & Co. raised their price target on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of ExlService in a research report on Friday, August 2nd.

ExlService Stock Performance

Shares of NASDAQ EXLS opened at $38.60 on Wednesday. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 35.74, a P/E/G ratio of 2.05 and a beta of 1.00. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.30. ExlService has a 1-year low of $25.34 and a 1-year high of $40.77. The stock’s 50-day moving average is $37.45 and its 200 day moving average is $33.45.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. ExlService had a return on equity of 22.92% and a net margin of 10.45%. The business had revenue of $448.40 million for the quarter, compared to analyst estimates of $444.61 million. During the same period last year, the company earned $0.31 EPS. ExlService’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, sell-side analysts anticipate that ExlService will post 1.28 EPS for the current fiscal year.

Insider Transactions at ExlService

In other news, insider Vivek Jetley sold 2,015 shares of ExlService stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $35.75, for a total value of $72,036.25. Following the sale, the insider now directly owns 326,642 shares in the company, valued at approximately $11,677,451.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Vivek Jetley sold 2,015 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $35.75, for a total value of $72,036.25. Following the completion of the transaction, the insider now owns 326,642 shares in the company, valued at $11,677,451.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Rohit Kapoor sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $34.05, for a total value of $1,362,000.00. Following the completion of the transaction, the chief executive officer now owns 1,509,588 shares of the company’s stock, valued at approximately $51,401,471.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 134,875 shares of company stock worth $4,716,859. 3.75% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. William Blair Investment Management LLC raised its stake in ExlService by 46.5% during the second quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider’s stock valued at $159,871,000 after buying an additional 1,618,003 shares during the last quarter. Silvercrest Asset Management Group LLC purchased a new position in ExlService during the first quarter valued at $19,417,000. Handelsbanken Fonder AB raised its stake in ExlService by 1,216.2% during the third quarter. Handelsbanken Fonder AB now owns 530,290 shares of the business services provider’s stock valued at $20,231,000 after buying an additional 490,000 shares during the last quarter. Geneva Capital Management LLC raised its stake in ExlService by 8.7% during the first quarter. Geneva Capital Management LLC now owns 4,585,428 shares of the business services provider’s stock valued at $145,817,000 after buying an additional 365,776 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in ExlService by 156.5% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 418,100 shares of the business services provider’s stock valued at $13,296,000 after buying an additional 255,100 shares during the last quarter. Hedge funds and other 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.