Citigroup Lowers ExlService (NASDAQ:EXLS) Price Target to $37.00

ExlService (NASDAQ:EXLS) had its price target decreased by Citigroup from $38.00 to $37.00 in a research note issued to investors on Monday morning, Benzinga reports. Citigroup currently has a buy rating on the business services provider’s stock.

EXLS has been the topic of a number of other reports. Needham & Company LLC reiterated a buy rating and set a $40.00 price target on shares of ExlService in a report on Friday, March 1st. TD Cowen lifted their price target on ExlService from $36.00 to $37.00 and gave the stock an outperform rating in a report on Tuesday, April 2nd. Finally, StockNews.com lowered ExlService from a buy rating to a hold rating in a report on Thursday, February 29th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $36.14.

ExlService Stock Down 0.9 %

EXLS stock opened at $29.31 on Monday. ExlService has a twelve month low of $25.17 and a twelve month high of $35.94. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.15. The stock’s 50 day moving average is $30.70 and its 200-day moving average is $29.83. The firm has a market capitalization of $4.86 billion, a PE ratio of 26.79, a P/E/G ratio of 1.55 and a beta of 0.97.

ExlService (NASDAQ:EXLS) last posted its earnings results on Thursday, February 29th. The business services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The company had revenue of $414.06 million during the quarter, compared to the consensus estimate of $408.56 million. ExlService had a net margin of 11.32% and a return on equity of 22.83%. Sell-side analysts expect that ExlService will post 1.3 EPS for the current fiscal year.

Insider Buying and Selling at ExlService

In related news, EVP Vikas Bhalla sold 23,760 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total transaction of $748,677.60. Following the completion of the transaction, the executive vice president now directly owns 127,046 shares in the company, valued at $4,003,219.46. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other ExlService news, EVP Ajay Ayyappan sold 9,259 shares of ExlService stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total transaction of $292,491.81. Following the completion of the sale, the executive vice president now owns 50,693 shares of the company’s stock, valued at $1,601,391.87. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Vikas Bhalla sold 23,760 shares of ExlService stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total value of $748,677.60. Following the sale, the executive vice president now directly owns 127,046 shares of the company’s stock, valued at approximately $4,003,219.46. The disclosure for this sale can be found here. Corporate insiders own 3.75% of the company’s stock.

Institutional Investors Weigh In On ExlService

Hedge funds have recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. lifted its stake in ExlService by 1,301.4% during the fourth quarter. GHP Investment Advisors Inc. now owns 85,723 shares of the business services provider’s stock worth $2,645,000 after purchasing an additional 79,606 shares during the last quarter. Boston Trust Walden Corp lifted its stake in shares of ExlService by 19.4% in the 4th quarter. Boston Trust Walden Corp now owns 3,725,199 shares of the business services provider’s stock valued at $114,922,000 after acquiring an additional 606,215 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of ExlService by 398.8% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 386,000 shares of the business services provider’s stock valued at $10,823,000 after acquiring an additional 308,618 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of ExlService by 402.9% in the 3rd quarter. Vanguard Group Inc. now owns 16,834,702 shares of the business services provider’s stock valued at $472,045,000 after acquiring an additional 13,487,495 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of ExlService by 422.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 57,775 shares of the business services provider’s stock valued at $1,627,000 after acquiring an additional 46,717 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.

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.