ExlService Holdings, Inc. (NASDAQ:EXLS) Stock Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Analysts give ExlService a “Moderate Buy” consensus: Six of seven covering firms rate the stock a buy, with an average 12-month price target of $48.17.
• Quarterly results topped expectations: ExlService reported EPS of $0.62 versus $0.56 expected and revenue of $633.96 million, up 19.7% year over year.
• Insider Vikas Bhalla sold 11,000 shares under a pre-arranged trading plan; institutional investors own 92.92% of the company’s stock.

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) have been given an average recommendation of "Moderate Buy" by the seven research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $48.17.

A number of equities analysts have commented on EXLS shares. Wall Street Zen upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research report on Saturday, September 26th. TD Cowen raised their price objective on shares of ExlService from $45.00 to $49.00 and gave the stock a "buy" rating in a report on Thursday, October 29th. Stifel Nicolaus lifted their target price on shares of ExlService from $46.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, October 29th. JPMorgan Chase & Co. lifted their target price on shares of ExlService from $48.00 to $49.00 and gave the company an "overweight" rating in a research note on Thursday, October 29th. Finally, Barrington Research boosted their target price on ExlService from $43.00 to $48.00 and gave the stock an "outperform" rating in a report on Thursday, October 29th.

Insiders Place Their Bets

In other ExlService news, insider Vikas Bhalla sold 11,000 shares of ExlService stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $41.22, for a total value of $453,420.00. Following the completion of the transaction, the insider owned 98,295 shares in the company, valued at approximately $4,051,719.90. The trade was a 10.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.66% of the stock is owned by corporate insiders.

Institutional Trading of ExlService

Several large investors have recently made changes to their positions in the business. Private Wealth Asset Management LLC acquired a new position in ExlService during the 3rd quarter worth about $208,000. Composition Wealth LLC increased its position in ExlService by 7.8% in the 3rd quarter. Composition Wealth LLC now owns 21,508 shares of the business services provider's stock valued at $739,000 after acquiring an additional 1,559 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in ExlService in the 3rd quarter valued at about $8,403,000. HighTower Advisors LLC increased its position in ExlService by 6.5% in the 3rd quarter. HighTower Advisors LLC now owns 24,319 shares of the business services provider's stock valued at $836,000 after acquiring an additional 1,484 shares in the last quarter. Finally, Danske Bank A S raised its stake in shares of ExlService by 1,906.6% in the third quarter. Danske Bank A S now owns 243,165 shares of the business services provider's stock worth $8,360,000 after acquiring an additional 231,047 shares during the last quarter. Institutional investors own 92.92% of the company's stock.

ExlService Stock Down 0.9%

Shares of NASDAQ EXLS opened at $43.92 on Thursday. The stock has a market cap of $6.62 billion, a PE ratio of 26.14, a PEG ratio of 1.55 and a beta of 0.83. The business has a fifty day moving average of $38.21 and a two-hundred day moving average of $32.83. ExlService has a 52-week low of $24.85 and a 52-week high of $44.35. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.16 and a current ratio of 2.16.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its earnings results on Tuesday, October 27th. The business services provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.56 by $0.06. ExlService had a net margin of 11.13% and a return on equity of 32.53%. The company had revenue of $633.96 million for the quarter, compared to the consensus estimate of $615.51 million. During the same quarter in the previous year, the company earned $0.48 EPS. The firm's revenue for the quarter was up 19.7% compared to the same quarter last year. As a group, equities research analysts expect that ExlService will post 1.88 earnings per share for the current fiscal year.

ExlService Company Profile

ExlService Holdings, commonly known as EXL, is a global data analytics and digital operations company. Founded in 1999, it helps organizations use data, technology and artificial intelligence to improve business processes and customer experiences. EXL provides services including data and analytics, consulting, automation and business process management. Its work spans industries such as insurance, healthcare, banking and financial services, utilities, retail and travel. The company serves clients in multiple countries through a global network of delivery centers.

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