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

ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $51.50.

EXLS has been the topic of several research analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $55.00 price objective on shares of ExlService in a research note on Tuesday, June 3rd. Wall Street Zen upgraded ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. raised their price target on ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st.

Insider Activity

In other news, Director Jaynie M. Studenmund sold 14,580 shares of ExlService stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $47.53, for a total value of $692,987.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Vikas Bhalla sold 25,000 shares of ExlService stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $46.11, for a total transaction of $1,152,750.00. Following the completion of the transaction, the insider now owns 135,046 shares of the company's stock, valued at $6,226,971.06. This represents a 15.62% decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.04% of the company's stock.

Hedge Funds Weigh In On ExlService

Several hedge funds have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. raised its stake in ExlService by 1.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,270 shares of the business services provider's stock valued at $633,000 after acquiring an additional 214 shares during the last quarter. Balboa Wealth Partners lifted its holdings in ExlService by 5.0% in the first quarter. Balboa Wealth Partners now owns 5,140 shares of the business services provider's stock valued at $243,000 after acquiring an additional 244 shares during the period. Xponance Inc. boosted its holdings in ExlService by 1.2% during the first quarter. Xponance Inc. now owns 23,630 shares of the business services provider's stock worth $1,116,000 after buying an additional 270 shares in the last quarter. Kensington Investment Counsel LLC grew its holdings in shares of ExlService by 0.7% in the 4th quarter. Kensington Investment Counsel LLC now owns 39,207 shares of the business services provider's stock worth $1,740,000 after acquiring an additional 282 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in ExlService by 1.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,112 shares of the business services provider's stock valued at $713,000 after purchasing an additional 286 shares during the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

ExlService Stock Performance

NASDAQ EXLS opened at $43.82 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.41 and a quick ratio of 3.41. ExlService has a 1-year low of $30.99 and a 1-year high of $52.43. The business has a 50 day simple moving average of $45.92 and a two-hundred day simple moving average of $46.66. The stock has a market capitalization of $7.13 billion, a PE ratio of 33.20, a P/E/G ratio of 2.01 and a beta of 0.83.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $501.02 million for the quarter, compared to analysts' expectations of $489.66 million. ExlService had a return on equity of 25.11% and a net margin of 11.36%. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 earnings per share. On average, research analysts predict that ExlService will post 1.27 EPS for the current fiscal year.

ExlService Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.