ExlService Holdings, Inc. (NASDAQ:EXLS) Given Average Recommendation of "Moderate Buy" by Brokerages

ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) has been given an average rating of "Moderate Buy" by the six ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $51.50.

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Wall Street Zen raised ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Needham & Company LLC reissued a "buy" rating and set a $55.00 price objective on shares of ExlService in a research note on Tuesday. Finally, Stifel Nicolaus boosted their price objective on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th.

ExlService Stock Performance

Shares of NASDAQ:EXLS traded up $0.17 during trading on Thursday, hitting $47.04. The stock had a trading volume of 1,032,570 shares, compared to its average volume of 1,052,162. ExlService has a 12-month low of $28.59 and a 12-month high of $52.43. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 41.26, a price-to-earnings-growth ratio of 2.11 and a beta of 0.86. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a 50-day simple moving average of $45.53 and a two-hundred day simple moving average of $46.64.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company had revenue of $501.02 million during the quarter, compared to analysts' expectations of $489.66 million. During the same period last year, the business earned $0.38 earnings per share. ExlService's quarterly revenue was up 14.8% on a year-over-year basis. On average, equities research analysts expect that ExlService will post 1.27 earnings per share for the current fiscal year.

Insider Activity at ExlService

In related news, insider Vikas Bhalla sold 25,000 shares of the business's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $46.11, for a total value of $1,152,750.00. Following the sale, the insider now owns 135,046 shares in the company, valued at approximately $6,226,971.06. The trade was a 15.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Anita Mahon sold 10,558 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total value of $484,823.36. Following the completion of the sale, the executive vice president now owns 94,443 shares in the company, valued at $4,336,822.56. This represents a 10.06% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,138 shares of company stock worth $2,330,561. 4.04% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ExlService

Several institutional investors and hedge funds have recently modified their holdings of EXLS. Mather Group LLC. purchased a new stake in ExlService during the 4th quarter worth about $25,000. Kestra Investment Management LLC purchased a new stake in ExlService during the 4th quarter worth about $26,000. Whittier Trust Co. purchased a new stake in ExlService during the 1st quarter worth about $45,000. Morse Asset Management Inc purchased a new stake in ExlService during the 4th quarter worth about $49,000. Finally, VisionPoint Advisory Group LLC acquired a new position in shares of ExlService during the 4th quarter worth about $58,000. Hedge funds and other institutional investors own 92.92% of the company's stock.

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.