Brokerages Set ExlService Holdings, Inc. (NASDAQ:EXLS) Price Target at $36.14

ExlService Holdings, Inc. (NASDAQ:EXLS) has been given an average rating of “Moderate Buy” by the six research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $36.14.

EXLS has been the subject of a number of research reports. Wedbush reaffirmed a “neutral” rating and set a $34.00 price target on shares of ExlService in a research note on Wednesday, May 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of ExlService in a research note on Friday, May 3rd. TD Cowen boosted their price target on shares of ExlService from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. StockNews.com lowered shares of ExlService from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Finally, Citigroup dropped their target price on shares of ExlService from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, April 22nd.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EXLS. FinTrust Capital Advisors LLC bought a new stake in shares of ExlService in the 3rd quarter valued at approximately $29,000. Public Employees Retirement System of Ohio increased its stake in shares of ExlService by 439.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,052 shares of the business services provider’s stock worth $29,000 after purchasing an additional 857 shares during the last quarter. Principal Securities Inc. bought a new position in shares of ExlService during the 4th quarter valued at $34,000. Parallel Advisors LLC lifted its stake in shares of ExlService by 44.6% in the 4th quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 366 shares during the last quarter. Finally, Operose Advisors LLC acquired a new position in ExlService during the third quarter worth $38,000. 92.92% of the stock is owned by institutional investors and hedge funds.

ExlService Stock Performance

Shares of EXLS stock opened at $30.70 on Wednesday. The business has a 50 day simple moving average of $30.54 and a 200 day simple moving average of $29.88. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 2.54. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 28.37, a price-to-earnings-growth ratio of 1.55 and a beta of 1.00. ExlService has a 12-month low of $25.17 and a 12-month high of $33.40.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Thursday, February 29th. The business services provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The company had revenue of $414.06 million for the quarter, compared to the consensus estimate of $408.56 million. ExlService had a return on equity of 23.13% and a net margin of 10.92%. On average, equities research analysts anticipate that ExlService will post 1.3 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.