Brokerages Set ExlService Holdings, Inc. (NASDAQ:EXLS) Target Price at $37.00

ExlService Holdings, Inc. (NASDAQ:EXLSGet Free Report) has earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $37.00.

Several research firms have commented on EXLS. Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of ExlService in a report on Friday, May 3rd. Wedbush upgraded ExlService from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $34.00 to $40.00 in a report on Wednesday, May 8th. 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. StockNews.com lowered shares of ExlService from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Finally, TD Cowen upped 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.

Check Out Our Latest Stock Analysis on EXLS

Insider Buying and Selling

In related news, insider Vivek Jetley sold 4,000 shares of ExlService stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $30.28, for a total transaction of $121,120.00. Following the completion of the sale, the insider now owns 333,847 shares of the company’s stock, valued at $10,108,887.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other ExlService news, insider Vikas Bhalla sold 14,990 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $30.84, for a total value of $462,291.60. Following the sale, the insider now directly owns 112,056 shares of the company’s stock, valued at $3,455,807.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Vivek Jetley sold 4,000 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $30.28, for a total value of $121,120.00. Following the sale, the insider now directly owns 333,847 shares in the company, valued at $10,108,887.16. The disclosure for this sale can be found here. Insiders sold 112,837 shares of company stock worth $3,469,418 in the last 90 days. Insiders own 3.75% of the company’s stock.

Institutional Trading of ExlService

A number of hedge funds have recently modified their holdings of EXLS. Public Employees Retirement System of Ohio boosted its holdings in ExlService by 439.5% during the third quarter. Public Employees Retirement System of Ohio now owns 1,052 shares of the business services provider’s stock worth $29,000 after buying an additional 857 shares in the last quarter. New Covenant Trust Company N.A. acquired a new position in shares of ExlService in the first quarter worth about $30,000. Principal Securities Inc. acquired a new position in shares of ExlService in the fourth quarter worth about $34,000. Parallel Advisors LLC boosted its stake in shares of ExlService by 44.6% during the 4th quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock worth $37,000 after acquiring an additional 366 shares in the last quarter. Finally, Operose Advisors LLC acquired a new stake in shares of ExlService during the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 92.92% of the company’s stock.

ExlService Stock Up 1.5 %

Shares of EXLS opened at $30.53 on Thursday. The firm has a market capitalization of $5.11 billion, a P/E ratio of 28.22, a P/E/G ratio of 1.55 and a beta of 1.02. ExlService has a 12-month low of $25.17 and a 12-month high of $33.40. The firm has a fifty day moving average price of $29.87 and a 200-day moving average price of $30.53. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.35.

ExlService (NASDAQ:EXLSGet Free Report) last issued its earnings results on Thursday, May 2nd. The business services provider reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. ExlService had a net margin of 10.92% and a return on equity of 23.13%. The business had revenue of $436.51 million for the quarter, compared to the consensus estimate of $424.81 million. Equities research analysts expect that ExlService will post 1.28 earnings per share for the current year.

ExlService Company Profile

(Get Free Report

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.

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Analyst Recommendations for ExlService (NASDAQ:EXLS)

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