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

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $47.38.

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

Insider Activity

In other ExlService news, CFO Maurizio Nicolelli sold 13,753 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 194,440 shares in the company, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ajay Ayyappan sold 16,186 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $51.50, for a total value of $833,579.00. Following the transaction, the executive vice president now directly owns 40,986 shares in the company, valued at $2,110,779. This trade represents a 28.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,351 shares of company stock valued at $2,337,284 over the last three months. 4.16% of the stock is owned by insiders.

Institutional Investors Weigh In On ExlService

Several institutional investors have recently modified their holdings of the business. FMR LLC boosted its stake in ExlService by 39.4% in the fourth quarter. FMR LLC now owns 9,364,312 shares of the business services provider’s stock valued at $415,588,000 after acquiring an additional 2,647,937 shares during the last quarter. Norges Bank acquired a new position in shares of ExlService in the 4th quarter valued at $106,452,000. Handelsbanken Fonder AB boosted its position in shares of ExlService by 313.9% in the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider’s stock worth $97,400,000 after purchasing an additional 1,664,400 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of ExlService during the fourth quarter worth $52,852,000. Finally, Axiom Investors LLC DE acquired a new stake in shares of ExlService during the fourth quarter worth $20,419,000. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Trading Down 0.6 %

Shares of EXLS stock opened at $46.80 on Friday. The firm has a fifty day moving average of $48.73 and a 200-day moving average of $44.71. The stock has a market cap of $7.60 billion, a price-to-earnings ratio of 41.05, a P/E/G ratio of 2.11 and a beta of 1.10. ExlService has a 52-week low of $28.16 and a 52-week high of $52.43. 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 posted its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.08). The business had revenue of $481.43 million during the quarter, compared to analyst estimates of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. On average, equities research analysts forecast that ExlService will post 1.27 earnings per share 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.