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

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have been given an average recommendation of “Buy” by the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $39.67.

A number of equities analysts have recently weighed in on the company. 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 research note on Friday. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of ExlService in a research report on Friday, August 2nd. Jefferies Financial Group upgraded ExlService from a “hold” rating to a “buy” rating and lifted their price target for the company from $35.00 to $42.00 in a research note on Monday. Finally, 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.

ExlService Price Performance

EXLS stock opened at $36.05 on Tuesday. ExlService has a 1 year low of $25.17 and a 1 year high of $36.88. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.30. The stock has a 50-day moving average price of $34.41 and a two-hundred day moving average price of $31.79. The stock has a market cap of $5.82 billion, a PE ratio of 33.32, a price-to-earnings-growth ratio of 1.86 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 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. ExlService had a return on equity of 22.92% and a net margin of 10.45%. The company had revenue of $448.40 million during the quarter, compared to the consensus estimate of $444.61 million. During the same quarter in the prior year, the firm posted $0.31 EPS. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. Equities analysts forecast that ExlService will post 1.28 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Rohit Kapoor sold 35,000 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $36.18, for a total value of $1,266,300.00. Following the completion of the sale, the chief executive officer now owns 1,424,588 shares in the company, valued at $51,541,593.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Anita Mahon sold 25,670 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $35.50, for a total transaction of $911,285.00. Following the completion of the sale, the executive vice president now directly owns 68,857 shares of the company’s stock, valued at approximately $2,444,423.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Rohit Kapoor sold 35,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the completion of the transaction, 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. Insiders have sold 163,625 shares of company stock worth $5,685,581 in the last quarter. Insiders own 3.75% of the company’s stock.

Hedge Funds Weigh In On ExlService

Several institutional investors and hedge funds have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. increased its stake in shares of ExlService by 164.0% in 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 in the last quarter. New Covenant Trust Company N.A. purchased a new position in ExlService in the 1st quarter valued at approximately $30,000. Principal Securities Inc. bought a new stake in ExlService during the 4th quarter valued at $34,000. Parallel Advisors LLC lifted its position in shares of 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, Fidelis Capital Partners LLC bought a new position in shares of ExlService in the first quarter worth $43,000. 92.92% of the stock is owned by institutional investors.

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.