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

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $45.00.

A number of research firms have commented on EXLS. Jefferies Financial Group lifted their target price on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Robert W. Baird lifted their target price on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research report on Sunday. Citigroup lifted their target price on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Finally, Needham & Company LLC lifted their target price on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st.

ExlService Price Performance

Shares of EXLS opened at $50.66 on Friday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService has a twelve month low of $28.16 and a twelve month high of $51.25. The company has a market capitalization of $8.15 billion, a P/E ratio of 44.44, a price-to-earnings-growth ratio of 2.10 and a beta of 1.03. The firm has a 50 day moving average of $46.57 and a 200 day moving average of $41.28.

Insider Activity

In related news, Director Jaynie M. Studenmund sold 3,645 shares of ExlService stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total transaction of $160,562.25. Following the transaction, the director now owns 14,580 shares in the company, valued at approximately $642,249. The trade was a 20.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rohit Kapoor sold 100,000 shares of ExlService stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total transaction of $4,687,000.00. Following the transaction, the chief executive officer now owns 689,645 shares in the company, valued at approximately $32,323,661.15. This trade represents a 12.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 217,398 shares of company stock valued at $10,089,385 in the last 90 days. Company insiders own 4.16% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EXLS. Mather Group LLC. purchased a new position in shares of ExlService during the 4th quarter valued at $25,000. Kestra Investment Management LLC purchased a new stake in ExlService in the 4th quarter worth $26,000. Ashton Thomas Securities LLC purchased a new stake in ExlService in the 3rd quarter worth $27,000. Huntington National Bank lifted its stake in ExlService by 2,827.5% in the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after purchasing an additional 1,131 shares in the last quarter. Finally, USA Financial Formulas purchased a new stake in ExlService in the 4th quarter worth $58,000. Hedge funds and other institutional investors own 92.92% of the company’s stock.

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.