Analysts Set ExlService Holdings, Inc. (NASDAQ:EXLS) PT at $51.50

Key Points

• ExlService Holdings, Inc. has received an average recommendation of "Moderate Buy" from six brokerages, with five analysts issuing buy recommendations and one holding the stock.
• Vikas Bhalla, an insider at ExlService, sold 25,000 shares at an average price of $46.11, reducing their position by 15.62%.
• Institutional investors own 92.92% of ExlService's stock, with significant increases in holdings reported by Vanguard Group and JPMorgan Chase & Co. in recent quarters.

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) have received an average rating of "Moderate Buy" from the six ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $51.50.

Several equities analysts have recently commented on EXLS shares. JPMorgan Chase & Co. upped their price target on shares of ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Needham & Company LLC restated a "buy" rating and set a $55.00 price target on shares of ExlService in a research report on Tuesday, June 3rd. Finally, Wall Street Zen upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th.

Insider Transactions at ExlService

In related news, insider Vikas Bhalla sold 25,000 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $46.11, for a total value of $1,152,750.00. Following the completion of the transaction, the insider owned 135,046 shares in the company, valued at $6,226,971.06. This represents a 15.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jaynie M. Studenmund sold 14,580 shares of the stock in a transaction dated Friday, May 2nd. The shares were 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. Corporate insiders own 4.04% of the company's stock.

Hedge Funds Weigh In On ExlService

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Boston Trust Walden Corp boosted its position in shares of ExlService by 1.7% during the 2nd quarter. Boston Trust Walden Corp now owns 2,746,208 shares of the business services provider's stock valued at $120,256,000 after purchasing an additional 47,162 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of ExlService by 30.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 191,716 shares of the business services provider's stock valued at $8,551,000 after purchasing an additional 44,635 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of ExlService by 66.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 22,954 shares of the business services provider's stock valued at $1,005,000 after purchasing an additional 9,183 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of ExlService by 6.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 8,962 shares of the business services provider's stock valued at $392,000 after purchasing an additional 507 shares in the last quarter. Finally, Inspire Investing LLC boosted its position in shares of ExlService by 281.4% during the 2nd quarter. Inspire Investing LLC now owns 27,780 shares of the business services provider's stock valued at $1,216,000 after purchasing an additional 20,497 shares in the last quarter. Institutional investors own 92.92% of the company's stock.

ExlService Stock Performance

EXLS stock traded down $0.24 during trading on Friday, hitting $42.62. 213,959 shares of the company's stock traded hands, compared to its average volume of 1,609,987. 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 has a 52 week low of $31.87 and a 52 week high of $52.43. The stock has a fifty day moving average price of $45.10 and a two-hundred day moving average price of $46.48. The stock has a market capitalization of $6.93 billion, a price-to-earnings ratio of 32.27, a price-to-earnings-growth ratio of 1.96 and a beta of 0.80.

ExlService (NASDAQ:EXLS - Get Free Report) last released its 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. The firm had revenue of $501.02 million during the quarter, compared to analyst estimates of $489.66 million. ExlService had a net margin of 11.36% and a return on equity of 25.11%. The firm's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 earnings per share. As a group, equities analysts anticipate that ExlService will post 1.27 EPS for the current fiscal 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.