ExlService Holdings, Inc. (NASDAQ:EXLS) Receives $37.00 Consensus Target Price from Analysts

ExlService Holdings, Inc. (NASDAQ:EXLS) has earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $37.00.

EXLS has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of ExlService in a research note on Friday, May 3rd. StockNews.com lowered shares of ExlService from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Citigroup dropped their price target on shares of ExlService from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. TD Cowen boosted their price target on shares of ExlService from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. Finally, Wedbush upgraded shares of ExlService from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $34.00 to $40.00 in a research note on Wednesday, May 8th.

ExlService Price Performance

Shares of NASDAQ:EXLS opened at $30.54 on Thursday. The company has a 50-day simple moving average of $29.91 and a 200-day simple moving average of $30.54. ExlService has a one year low of $25.17 and a one year high of $33.40. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.54 and a current ratio of 2.54. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 1.60 and a beta of 1.02.

ExlService (NASDAQ:EXLS) last announced its earnings results on Thursday, May 2nd. The business services provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. ExlService had a net margin of 10.92% and a return on equity of 23.13%. The business had revenue of $436.51 million during the quarter, compared to analysts’ expectations of $424.81 million. On average, analysts predict that ExlService will post 1.28 EPS for the current year.

Insiders Place Their Bets

In other ExlService news, insider Vivek Jetley sold 4,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $30.28, for a total transaction of $121,120.00. Following the transaction, the insider now directly owns 333,847 shares in the company, valued at $10,108,887.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other ExlService news, insider Vivek Jetley sold 4,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $30.28, for a total transaction of $121,120.00. Following the transaction, the insider now directly owns 333,847 shares in the company, valued at $10,108,887.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rohit Kapoor sold 15,000 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $30.61, for a total transaction of $459,150.00. Following the completion of the sale, the chief executive officer now owns 1,616,435 shares in the company, valued at $49,479,075.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 112,837 shares of company stock worth $3,469,418. 3.75% of the stock is owned by company insiders.

Institutional Trading of ExlService

Several large investors have recently modified their holdings of the business. New Covenant Trust Company N.A. acquired a new stake in shares of ExlService in the first quarter valued at approximately $30,000. Silvercrest Asset Management Group LLC purchased a new position in shares of ExlService during the first quarter valued at approximately $19,417,000. Sheaff Brock Investment Advisors LLC lifted its stake in shares of ExlService by 16.2% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 47,424 shares of the business services provider’s stock valued at $1,508,000 after buying an additional 6,618 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its stake in ExlService by 156.5% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 418,100 shares of the business services provider’s stock worth $13,296,000 after purchasing an additional 255,100 shares during the period. Finally, Bessemer Group Inc. raised its stake in ExlService by 7.8% during the first quarter. Bessemer Group Inc. now owns 629,845 shares of the business services provider’s stock worth $20,030,000 after purchasing an additional 45,336 shares during the period. 92.92% of the stock is currently owned by institutional investors and hedge funds.

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.