ExlService Holdings, Inc. (NASDAQ:EXLS) Receives $36.00 Average PT from Brokerages

ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $36.00.

A number of equities analysts have recently issued reports on EXLS shares. Needham & Company LLC restated a "buy" rating and issued a $40.00 price objective on shares of ExlService in a research note on Friday, March 1st. StockNews.com lowered shares of ExlService from a "buy" rating to a "hold" rating in a report on Thursday, February 29th. TD Cowen upped their target price on shares of ExlService from $36.00 to $37.00 and gave the stock an "outperform" rating in a report on Tuesday. Citigroup raised shares of ExlService from a "neutral" rating to a "buy" rating and upped their target price for the stock from $29.00 to $36.00 in a report on Wednesday, January 17th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $34.00 target price on shares of ExlService in a report on Thursday, December 14th.

ExlService Price Performance

Shares of EXLS stock traded down $1.02 during mid-day trading on Friday, reaching $29.57. The company's stock had a trading volume of 2,814,092 shares, compared to its average volume of 1,041,688. ExlService has a 1-year low of $25.17 and a 1-year high of $35.94. The company has a market cap of $4.90 billion, a P/E ratio of 27.03, a PEG ratio of 1.60 and a beta of 0.97. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.08 and a current ratio of 2.08. The firm's 50-day moving average is $31.03 and its two-hundred day moving average is $29.68.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.01). ExlService had a net margin of 11.32% and a return on equity of 22.83%. The business had revenue of $414.06 million during the quarter, compared to analyst estimates of $408.56 million. On average, research analysts predict that ExlService will post 1.3 earnings per share for the current year.

Insiders Place Their Bets

In other ExlService news, EVP Ajay Ayyappan sold 9,259 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total transaction of $292,491.81. Following the sale, the executive vice president now owns 50,693 shares of the company's stock, valued at approximately $1,601,391.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Ajay Ayyappan sold 9,259 shares of ExlService stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total transaction of $292,491.81. Following the completion of the sale, the executive vice president now owns 50,693 shares in the company, valued at approximately $1,601,391.87. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Vikas Bhalla sold 23,760 shares of ExlService stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total transaction of $748,677.60. Following the sale, the executive vice president now owns 127,046 shares of the company's stock, valued at approximately $4,003,219.46. The disclosure for this sale can be found here. Insiders own 3.75% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FinTrust Capital Advisors LLC bought a new stake in ExlService in the 3rd quarter valued at $29,000. Public Employees Retirement System of Ohio lifted its holdings in shares of ExlService by 439.5% in the third quarter. Public Employees Retirement System of Ohio now owns 1,052 shares of the business services provider's stock valued at $29,000 after purchasing an additional 857 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of ExlService during the fourth quarter worth about $34,000. Parallel Advisors LLC grew its holdings in shares of ExlService by 44.6% during the fourth quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider's stock worth $37,000 after buying an additional 366 shares in the last quarter. Finally, Operose Advisors LLC acquired a new stake in ExlService in the 3rd quarter valued at approximately $38,000. 92.92% of the stock is currently owned by 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.