ExlService Holdings, Inc. (NASDAQ:EXLS) Receives $39.67 Consensus Target Price from Analysts

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have been assigned an average rating of “Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $39.67.

EXLS has been the topic of a number of research analyst reports. Citigroup raised their price target on shares of ExlService from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. boosted their target price on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Jefferies Financial Group upgraded ExlService from a “hold” rating to a “buy” rating and increased their price target for the company from $35.00 to $42.00 in a research note on Monday, September 9th. Finally, Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of ExlService in a report on Friday, August 2nd.

Insider Transactions at ExlService

In other ExlService news, EVP Narasimha Kini sold 8,435 shares of ExlService stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $33.00, for a total transaction of $278,355.00. Following the transaction, the executive vice president now directly owns 179,038 shares of the company’s stock, valued at approximately $5,908,254. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other ExlService news, EVP Narasimha Kini sold 8,435 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $33.00, for a total transaction of $278,355.00. Following the completion of the transaction, the executive vice president now owns 179,038 shares in the company, valued at approximately $5,908,254. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Rohit Kapoor sold 35,000 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the completion of the sale, the chief executive officer now directly owns 1,424,588 shares in the company, valued at $51,541,593.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 163,625 shares of company stock worth $5,685,581. Company insiders own 3.75% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EXLS. Mercer Global Advisors Inc. ADV increased its holdings in ExlService by 3.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider’s stock worth $279,000 after purchasing an additional 291 shares in the last quarter. V Square Quantitative Management LLC increased its stake in shares of ExlService by 5.2% in the 2nd quarter. V Square Quantitative Management LLC now owns 7,123 shares of the business services provider’s stock valued at $223,000 after acquiring an additional 349 shares in the last quarter. Choreo LLC lifted its position in shares of ExlService by 3.2% during the 1st quarter. Choreo LLC now owns 11,456 shares of the business services provider’s stock valued at $364,000 after acquiring an additional 350 shares during the period. Parallel Advisors LLC boosted its stake in ExlService by 44.6% during the fourth quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock worth $37,000 after acquiring an additional 366 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in ExlService by 28.7% in the second quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock worth $55,000 after purchasing an additional 391 shares during the period. 92.92% of the stock is owned by institutional investors and hedge funds.

ExlService Stock Up 0.8 %

Shares of EXLS opened at $38.42 on Friday. The firm has a 50 day simple moving average of $35.70 and a two-hundred day simple moving average of $32.43. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.45 and a quick ratio of 2.45. ExlService has a one year low of $25.17 and a one year high of $38.72. The company has a market cap of $6.44 billion, a P/E ratio of 35.57, a P/E/G ratio of 1.94 and a beta of 1.00.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The company had revenue of $448.40 million during the quarter, compared to analysts’ expectations of $444.61 million. ExlService had a return on equity of 22.92% and a net margin of 10.45%. ExlService’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 EPS. Research analysts forecast that ExlService will post 1.28 EPS for the current fiscal 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.