Brokerages Set ExlService Holdings, Inc. (NASDAQ:EXLS) PT at $43.60

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $43.60.

EXLS has been the subject of several recent research reports. TD Cowen reduced their price target on ExlService from $51.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Needham & Company LLC reissued a “buy” rating and set a $40.00 price target (down from $55.00) on shares of ExlService in a research report on Wednesday, February 25th. Wall Street Zen raised shares of ExlService from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Robert W. Baird set a $35.00 target price on shares of ExlService in a research note on Wednesday, February 25th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ExlService in a research report on Thursday, January 22nd.

Insider Buying and Selling

In other ExlService news, EVP Ajay Ayyappan sold 1,197 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $29.79, for a total value of $35,658.63. Following the completion of the sale, the executive vice president owned 53,901 shares of the company’s stock, valued at approximately $1,605,710.79. This trade represents a 2.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 11,586 shares of company stock valued at $449,725 in the last three months. Company insiders own 4.04% of the company’s stock.

Institutional Trading of ExlService

A number of institutional investors have recently bought and sold shares of the stock. Mather Group LLC. acquired a new stake in shares of ExlService during the third quarter worth $25,000. CENTRAL TRUST Co lifted its position in ExlService by 2,428.0% during the 3rd quarter. CENTRAL TRUST Co now owns 632 shares of the business services provider’s stock worth $28,000 after acquiring an additional 607 shares during the period. Transamerica Financial Advisors LLC grew its stake in ExlService by 285.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 678 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 502 shares during the last quarter. True Wealth Design LLC increased its holdings in shares of ExlService by 57.2% in the fourth quarter. True Wealth Design LLC now owns 706 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 257 shares during the period. Finally, Private Trust Co. NA raised its stake in shares of ExlService by 56.2% in the fourth quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock worth $30,000 after purchasing an additional 258 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

ExlService Price Performance

NASDAQ EXLS opened at $30.56 on Friday. The company has a market cap of $4.78 billion, a PE ratio of 19.84, a P/E/G ratio of 1.38 and a beta of 0.91. The firm’s 50 day moving average price is $35.89 and its 200-day moving average price is $39.65. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.56 and a current ratio of 2.56. ExlService has a 52-week low of $26.94 and a 52-week high of $48.79.

About ExlService

ExlService Holdings, Inc (NASDAQ: EXLS) is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.