Brokerages Set ExlService Holdings, Inc. (NASDAQ:EXLS) Target Price at $52.33

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $52.33.

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group boosted their target price on shares of ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Stifel Nicolaus boosted 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. Needham & Company LLC raised their target price on shares of ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. boosted their price target on ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, StockNews.com raised ExlService from a "hold" rating to a "buy" rating in a research report on Friday.

ExlService Trading Up 2.9%

ExlService stock traded up $1.32 during midday trading on Friday, hitting $46.85. 1,449,178 shares of the stock were exchanged, compared to its average volume of 1,028,923. ExlService has a 52 week low of $28.59 and a 52 week high of $52.43. The stock has a market capitalization of $7.62 billion, a PE ratio of 41.10, a P/E/G 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 company has a fifty day simple moving average of $45.68 and a two-hundred day simple moving average of $46.39.

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 analysts' consensus estimates of $0.45 by $0.03. The firm had revenue of $501.02 million for 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 business's revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 earnings per share. Equities research analysts anticipate that ExlService will post 1.27 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Ajay Ayyappan sold 1,865 shares of ExlService stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $48.32, for a total transaction of $90,116.80. Following the completion of the sale, the executive vice president now directly owns 40,986 shares of the company's stock, valued at approximately $1,980,443.52. This trade represents a 4.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Anita Mahon sold 10,558 shares of the company'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 transaction, the executive vice president now directly owns 94,443 shares in the company, valued at approximately $4,336,822.56. This represents a 10.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,992 shares of company stock worth $2,673,620 over the last three months. Insiders own 4.16% of the company's stock.

Institutional Trading of ExlService

Several hedge funds and other institutional investors have recently bought and sold shares of EXLS. Mather Group LLC. bought a new position in shares of ExlService during the fourth quarter worth approximately $25,000. Kestra Investment Management LLC bought a new position in ExlService during the 4th quarter worth $26,000. Whittier Trust Co. acquired a new position in ExlService in the 1st quarter valued at $45,000. Morse Asset Management Inc bought a new stake in shares of ExlService during the 4th quarter valued at $49,000. Finally, VisionPoint Advisory Group LLC bought a new stake in shares of ExlService during the 4th quarter valued at $58,000. Institutional investors and hedge funds 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.