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

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $36.14.

A number of research firms have commented on EXLS. Citigroup decreased their price target on ExlService from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of ExlService in a research note on Friday, March 1st. TD Cowen upped their price target on ExlService from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. Finally, StockNews.com lowered ExlService from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th.

ExlService Trading Down 1.6 %

EXLS opened at $29.00 on Wednesday. ExlService has a one year low of $25.17 and a one year high of $35.94. The stock has a market capitalization of $4.81 billion, a PE ratio of 26.51, a P/E/G ratio of 1.53 and a beta of 0.97. The business’s 50 day moving average price is $30.59 and its 200 day moving average price is $29.83. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.08 and a current ratio of 2.08.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Thursday, February 29th. The business services provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). ExlService had a net margin of 11.32% and a return on equity of 22.83%. The business had revenue of $414.06 million during the quarter, compared to analyst estimates of $408.56 million. As a group, equities research analysts expect that ExlService will post 1.3 EPS for the current year.

Insider Transactions at ExlService

In other news, EVP Vikas Bhalla sold 23,760 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total transaction of $748,677.60. Following the sale, the executive vice president now owns 127,046 shares of the company’s stock, valued at $4,003,219.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Vikas Bhalla sold 23,760 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total value of $748,677.60. Following the transaction, the executive vice president now owns 127,046 shares of the company’s stock, valued at $4,003,219.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ajay Ayyappan sold 9,259 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total value of $292,491.81. Following the completion of the transaction, the executive vice president now directly owns 50,693 shares in the company, valued at approximately $1,601,391.87. The disclosure for this sale can be found here. Corporate insiders own 3.75% of the company’s stock.

Institutional Investors Weigh In On ExlService

Several hedge funds have recently made changes to their positions in EXLS. Vanguard Group Inc. boosted its stake in shares of ExlService by 402.9% during the third quarter. Vanguard Group Inc. now owns 16,834,702 shares of the business services provider’s stock worth $472,045,000 after buying an additional 13,487,495 shares during the period. FMR LLC lifted its position in ExlService by 407.4% in the third quarter. FMR LLC now owns 9,605,650 shares of the business services provider’s stock valued at $269,342,000 after purchasing an additional 7,712,359 shares during the period. Wellington Management Group LLP lifted its position in ExlService by 367.2% in the third quarter. Wellington Management Group LLP now owns 8,639,488 shares of the business services provider’s stock valued at $242,251,000 after purchasing an additional 6,790,373 shares during the period. Mackenzie Financial Corp lifted its position in ExlService by 523.2% in the third quarter. Mackenzie Financial Corp now owns 6,521,863 shares of the business services provider’s stock valued at $179,416,000 after purchasing an additional 5,475,428 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in ExlService by 400.0% in the third quarter. JPMorgan Chase & Co. now owns 4,391,792 shares of the business services provider’s stock valued at $123,146,000 after purchasing an additional 3,513,403 shares during the period. Institutional investors and hedge funds 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.