ExlService Holdings, Inc. (NASDAQ:EXLS)‘s stock had its “market perform” rating reissued by Wells Fargo & Co in a research note issued on Tuesday. They currently have a $50.00 price objective on the business services provider’s stock, up from their prior price objective of $48.00. Wells Fargo & Co’s price objective would indicate a potential downside of 3.38% from the stock’s current price.

EXLS has been the subject of several other research reports. Cantor Fitzgerald reissued a “buy” rating and issued a $50.00 price target on shares of ExlService Holdings in a report on Tuesday, February 28th. Zacks Investment Research raised ExlService Holdings from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Friday, February 17th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $54.00 target price on shares of ExlService Holdings in a report on Tuesday, April 11th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $54.00.

Analyst Recommendations for ExlService Holdings (NASDAQ:EXLS)

ExlService Holdings (NASDAQ:EXLS) opened at 51.75 on Tuesday. The company’s 50-day moving average price is $48.36 and its 200-day moving average price is $47.57. ExlService Holdings has a 1-year low of $42.00 and a 1-year high of $54.78. The stock has a market cap of $1.74 billion, a P/E ratio of 27.67 and a beta of 1.62.

ExlService Holdings (NASDAQ:EXLS) last issued its quarterly earnings results on Tuesday, May 2nd. The business services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.14. The business had revenue of $183.03 million during the quarter, compared to the consensus estimate of $176.96 million. ExlService Holdings had a return on equity of 13.57% and a net margin of 9.04%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the company earned $0.56 earnings per share. Analysts predict that ExlService Holdings will post $2.57 EPS for the current year.

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In other ExlService Holdings news, CEO Rohit Kapoor sold 27,236 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $49.55, for a total value of $1,349,543.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Nancy Saltzman sold 1,615 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $45.08, for a total value of $72,804.20. The disclosure for this sale can be found here. Insiders sold 224,067 shares of company stock valued at $10,618,107 over the last three months. 5.94% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in EXLS. State of Alaska Department of Revenue increased its position in shares of ExlService Holdings by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,700 shares of the business services provider’s stock worth $175,000 after buying an additional 70 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of ExlService Holdings by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 13,600 shares of the business services provider’s stock worth $644,000 after buying an additional 100 shares during the last quarter. Legal & General Group Plc increased its position in shares of ExlService Holdings by 0.3% in the first quarter. Legal & General Group Plc now owns 58,156 shares of the business services provider’s stock worth $2,753,000 after buying an additional 166 shares during the last quarter. Arizona State Retirement System increased its position in shares of ExlService Holdings by 1.2% in the first quarter. Arizona State Retirement System now owns 17,492 shares of the business services provider’s stock worth $828,000 after buying an additional 200 shares during the last quarter. Finally, Tyers Asset Management LLC increased its position in shares of ExlService Holdings by 2.1% in the first quarter. Tyers Asset Management LLC now owns 10,256 shares of the business services provider’s stock worth $486,000 after buying an additional 208 shares during the last quarter. 97.73% of the stock is owned by institutional investors.

ExlService Holdings Company Profile

ExlService Holdings, Inc is an operations management and analytics company. The Company segments include Insurance; Healthcare; Travel, Transportation and Logistics; Finance and Accounting (F&A); Analytics, and All Other. The Insurance operating segment serves property and casualty insurance, life insurance, disability insurance, annuity and retirement services companies.

12 Month Chart for NASDAQ:EXLS

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