ExlService Holdings, Inc. (NASDAQ:EXLS) Receives Average Recommendation of “Moderate Buy” from Analysts

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

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

ExlService Trading Down 1.3 %

NASDAQ:EXLS opened at $47.83 on Tuesday. The business’s 50-day moving average is $48.13 and its two-hundred day moving average is $43.31. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. ExlService has a 12 month low of $28.16 and a 12 month high of $52.43. The firm has a market capitalization of $7.76 billion, a PE ratio of 41.96, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (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 analysts’ expectations of $475.68 million. Research analysts predict that ExlService will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ExlService news, CFO Maurizio Nicolelli sold 13,753 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.14, for a total transaction 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 $9,554,781.60. This represents a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ajay Ayyappan sold 1,865 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $48.32, for a total transaction of $90,116.80. Following the transaction, the executive vice president now directly owns 40,986 shares of the company’s stock, valued at $1,980,443.52. This represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,793 shares of company stock valued at $1,852,461 over the last quarter. Corporate insiders own 4.16% of the company’s stock.

Institutional Investors Weigh In On ExlService

A number of hedge funds have recently added to or reduced their stakes in the stock. Mather Group LLC. acquired a new position in ExlService during the 4th quarter valued at about $25,000. Kestra Investment Management LLC acquired a new stake in ExlService during the 4th quarter worth approximately $26,000. Ashton Thomas Securities LLC acquired a new stake in ExlService during the 3rd quarter worth approximately $27,000. Huntington National Bank raised its holdings in ExlService by 2,827.5% during the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after buying an additional 1,131 shares during the period. Finally, Morse Asset Management Inc bought a new position in shares of ExlService during the 4th quarter worth approximately $49,000. 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.