ExlService Holdings, Inc. (NASDAQ:EXLS) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $51.50.

A number of equities analysts have recently commented on the stock. Needham & Company LLC reissued a "buy" rating and issued a $55.00 price target on shares of ExlService in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. raised their price objective on shares of 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 upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, Stifel Nicolaus raised their price objective on shares of ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th.

Insiders Place Their Bets

In other ExlService news, insider Vikas Bhalla sold 25,000 shares of ExlService stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $46.11, for a total transaction of $1,152,750.00. Following the sale, the insider now owns 135,046 shares in the company, valued at $6,226,971.06. The trade was a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Anita Mahon sold 10,558 shares of ExlService stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total transaction of $484,823.36. Following 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. Insiders have sold 50,138 shares of company stock worth $2,330,561 over the last 90 days. Corporate insiders own 4.04% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mather Group LLC. bought a new position in shares of ExlService during the fourth quarter valued at $25,000. Kestra Investment Management LLC bought a new position in shares of ExlService in the fourth quarter valued at about $26,000. Whittier Trust Co. bought a new position in shares of ExlService in the first quarter valued at about $45,000. Morse Asset Management Inc bought a new position in shares of ExlService in the fourth quarter valued at about $49,000. Finally, VisionPoint Advisory Group LLC bought a new position in shares of ExlService in the fourth quarter valued at about $58,000. 92.92% of the stock is owned by institutional investors.

ExlService Stock Up 2.0%

Shares of NASDAQ EXLS traded up $0.95 during mid-day trading on Thursday, reaching $47.99. The company had a trading volume of 1,158,661 shares, compared to its average volume of 1,053,876. The stock has a fifty day moving average of $45.53 and a two-hundred day moving average of $46.71. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The company has a market capitalization of $7.81 billion, a price-to-earnings ratio of 42.10, a PEG ratio of 2.11 and a beta of 0.83. ExlService has a 12-month low of $28.59 and a 12-month high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. The business had revenue of $501.02 million during the quarter, compared to analyst estimates of $489.66 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The firm's revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. As a group, equities research analysts expect that ExlService will post 1.27 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.