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

ExlService Holdings, Inc. (NASDAQ:EXLS) has received an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $52.33.

Several brokerages have issued reports on EXLS. Jefferies Financial Group boosted their target price on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Needham & Company LLC boosted their target price on ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. boosted their price objective on ExlService from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Stifel Nicolaus boosted their price objective on ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Friday, May 9th.

Insider Buying and Selling

In related news, EVP Ajay Ayyappan sold 4,989 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $50.70, for a total transaction of $252,942.30. Following the completion of the transaction, the executive vice president now directly owns 40,986 shares in the company, valued at $2,077,990.20. The trade was a 10.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Anita Mahon sold 10,558 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total value of $484,823.36. Following the transaction, the executive vice president now owns 94,443 shares of the company’s stock, valued at approximately $4,336,822.56. The trade was a 10.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,992 shares of company stock worth $2,673,620 over the last ninety days. 4.16% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ExlService

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXLS. Mather Group LLC. purchased a new position in ExlService during the fourth quarter worth about $25,000. Kestra Investment Management LLC purchased a new position in shares of ExlService in the 4th quarter worth about $26,000. Whittier Trust Co. purchased a new position in shares of ExlService in the 1st quarter worth about $45,000. Morse Asset Management Inc purchased a new position in shares of ExlService in the 4th quarter worth about $49,000. Finally, USA Financial Formulas purchased a new position in shares of ExlService in the 4th quarter worth about $58,000. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

ExlService Stock Performance

Shares of EXLS opened at $46.19 on Friday. The firm has a market cap of $7.51 billion, a PE ratio of 40.52, a PEG ratio of 2.11 and a beta of 0.86. The stock’s fifty day moving average price is $45.65 and its two-hundred day moving average price is $46.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. ExlService has a 1 year low of $28.59 and a 1 year high of $52.43.

ExlService (NASDAQ:EXLS) last issued its earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. The firm had revenue of $501.02 million for the quarter, compared to analyst estimates of $489.66 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business’s revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. On average, equities research analysts forecast that ExlService will post 1.27 EPS for the current 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.