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

ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) has received an average rating of "Moderate Buy" from the six research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered 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 report on Tuesday, June 3rd. Wall Street Zen upgraded ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. lifted their price objective on ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a report on Thursday, May 1st.

ExlService Stock Performance

Shares of EXLS stock traded up $0.61 on Monday, reaching $45.26. The stock had a trading volume of 1,793,799 shares, compared to its average volume of 1,222,731. ExlService has a 12 month low of $31.02 and a 12 month high of $52.43. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 34.29, a P/E/G ratio of 2.04 and a beta of 0.80. The firm's 50-day moving average is $45.97 and its two-hundred day moving average is $46.61. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.30.

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

Insider Buying and Selling

In other news, insider Vikas Bhalla sold 25,000 shares of the 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 completion of the sale, the insider directly owned 135,046 shares in the company, valued at $6,226,971.06. This represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jaynie M. Studenmund sold 14,580 shares of ExlService stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $47.53, for a total transaction of $692,987.40. The disclosure for this sale can be found here. 4.04% of the stock is owned by insiders.

Institutional Trading of ExlService

A number of institutional investors have recently bought and sold shares of the company. QRG Capital Management Inc. boosted its position in shares of ExlService by 3.7% during the 1st quarter. QRG Capital Management Inc. now owns 15,713 shares of the business services provider's stock valued at $742,000 after purchasing an additional 559 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of ExlService during the 4th quarter worth approximately $8,682,000. SG Americas Securities LLC acquired a new stake in shares of ExlService during the 1st quarter worth approximately $346,000. Prudential Financial Inc. increased its stake in shares of ExlService by 60.4% in the 4th quarter. Prudential Financial Inc. now owns 123,735 shares of the business services provider's stock valued at $5,491,000 after acquiring an additional 46,593 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of ExlService by 11.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,826 shares of the business services provider's stock valued at $658,000 after purchasing an additional 1,481 shares during the period. Institutional investors own 92.92% of the company's stock.

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.