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

ExlService Holdings, Inc. (NASDAQ:EXLS) has been assigned a consensus recommendation of “Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Six analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $39.67.

A number of equities analysts have issued reports on the company. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of ExlService in a research note on Friday, August 2nd. Citigroup lifted their target price on ExlService from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Jefferies Financial Group raised 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 report on Monday, September 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, September 6th.

Insider Buying and Selling

In related news, EVP Narasimha Kini sold 8,435 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 179,038 shares in the company, valued at $5,908,254. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Narasimha Kini sold 8,435 shares of the 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 directly owns 179,038 shares of the company’s stock, valued at approximately $5,908,254. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rohit Kapoor sold 40,000 shares of ExlService stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $34.05, for a total transaction of $1,362,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,509,588 shares in the company, valued at approximately $51,401,471.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 163,625 shares of company stock valued at $5,685,581. 3.75% of the stock is owned by insiders.

Institutional Investors Weigh In On ExlService

Several large investors have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. boosted its position in ExlService by 164.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock worth $29,000 after purchasing an additional 574 shares during the period. New Covenant Trust Company N.A. purchased a new stake in shares of ExlService during the 1st quarter valued at approximately $30,000. Parallel Advisors LLC grew its stake in ExlService by 44.6% in the 4th quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock valued at $37,000 after buying an additional 366 shares in the last quarter. Grayhawk Investment Strategies Inc. purchased a new position in ExlService in the 4th quarter valued at approximately $42,000. Finally, Fidelis Capital Partners LLC bought a new stake in ExlService during the 1st quarter valued at $43,000. Hedge funds and other institutional investors own 92.92% of the company’s stock.

ExlService Trading Up 0.8 %

NASDAQ EXLS opened at $38.42 on Friday. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.30. ExlService has a 52 week low of $25.17 and a 52 week high of $38.72. The business has a 50 day moving average price of $35.70 and a 200-day moving average price of $32.43. The company has a market cap of $6.44 billion, a price-to-earnings ratio of 35.57, a P/E/G ratio of 1.94 and a beta of 1.00.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. The firm had revenue of $448.40 million for the quarter, compared to the consensus estimate of $444.61 million. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 earnings per share. As a group, equities analysts expect that ExlService will post 1.28 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.