ExlService (NASDAQ:EXLS) Shares Down 4.8% - What's Next?

ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report)'s stock price dropped 4.8% during trading on Wednesday . The stock traded as low as $46.39 and last traded at $45.75. Approximately 265,153 shares traded hands during trading, a decline of 75% from the average daily volume of 1,062,847 shares. The stock had previously closed at $48.06.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus upped their price objective on shares of ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. upped their price target on 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 ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $55.00 target price on shares of ExlService in a research note on Tuesday, June 3rd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $51.50.

ExlService Trading Down 3.0%

The stock has a market cap of $7.13 billion, a PE ratio of 33.22, a PEG ratio of 2.01 and a beta of 0.83. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.30. The stock's fifty day moving average price is $46.07 and its 200 day moving average price is $46.74.

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. The business 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 quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 EPS. On average, sell-side analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Activity

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

Institutional Trading of ExlService

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its stake in shares of ExlService by 39.4% during the 4th quarter. FMR LLC now owns 9,364,312 shares of the business services provider's stock worth $415,588,000 after acquiring an additional 2,647,937 shares during the last quarter. Norges Bank bought a new position in ExlService in the 4th quarter worth $106,452,000. JPMorgan Chase & Co. lifted its position in ExlService by 40.8% during the first quarter. JPMorgan Chase & Co. now owns 6,704,937 shares of the business services provider's stock valued at $316,540,000 after purchasing an additional 1,943,471 shares in the last quarter. Nuveen LLC purchased a new position in ExlService during the first quarter valued at $91,114,000. Finally, Driehaus Capital Management LLC bought a new stake in ExlService during the first quarter valued at about $57,681,000. 92.92% of the stock is owned by hedge funds and other institutional investors.

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.