ExlService Holdings, Inc. (NASDAQ:EXLS) has received an average recommendation of “Buy” from the seven research firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $54.33.

Several research analysts have recently commented on EXLS shares. Wells Fargo & Company reaffirmed a “market perform” rating and set a $50.00 target price (up from $48.00) on shares of ExlService Holdings in a report on Tuesday, May 23rd. Zacks Investment Research raised shares of ExlService Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $56.00 target price (up from $50.00) on shares of ExlService Holdings in a report on Wednesday, May 3rd. 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.

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In other ExlService Holdings news, COO Pavan Bagai sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 12th. The shares were sold at an average price of $46.67, for a total value of $420,030.00. Following the sale, the chief operating officer now owns 106,581 shares in the company, valued at $4,974,135.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Vishal Chhibbar sold 841 shares of the firm’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $49.50, for a total transaction of $41,629.50. Following the completion of the sale, the chief financial officer now owns 14,977 shares in the company, valued at approximately $741,361.50. The disclosure for this sale can be found here. Insiders have sold a total of 252,460 shares of company stock worth $12,129,623 in the last quarter. 5.94% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its stake in shares of ExlService Holdings by 17.1% in the first quarter. Goldman Sachs Group Inc. now owns 90,897 shares of the business services provider’s stock worth $4,305,000 after buying an additional 13,282 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of ExlService Holdings by 15.5% in the first quarter. Macquarie Group Ltd. now owns 644,836 shares of the business services provider’s stock worth $30,539,000 after buying an additional 86,655 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of ExlService Holdings during the first quarter worth $275,000. State Street Corp raised its stake in shares of ExlService Holdings by 7.2% in the first quarter. State Street Corp now owns 770,416 shares of the business services provider’s stock worth $36,486,000 after buying an additional 51,543 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of ExlService Holdings during the first quarter worth $1,087,000. Hedge funds and other institutional investors own 95.03% of the company’s stock.

ExlService Holdings (EXLS) traded up 0.08% on Tuesday, reaching $52.60. The company’s stock had a trading volume of 279,713 shares. The firm has a market capitalization of $1.77 billion, a PE ratio of 28.13 and a beta of 1.36. The stock’s 50 day moving average is $51.16 and its 200-day moving average is $48.37. ExlService Holdings has a 52 week low of $42.00 and a 52 week high of $54.78.

ExlService Holdings (NASDAQ:EXLS) last released its quarterly earnings results on Tuesday, May 2nd. The business services provider reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.14. The firm had revenue of $183.03 million for the quarter, compared to analysts’ expectations of $176.96 million. ExlService Holdings had a net margin of 9.22% and a return on equity of 13.59%. The business’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 EPS. Analysts predict that ExlService Holdings will post $2.57 EPS for the current year.

About ExlService Holdings

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.

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