ExlService (NASDAQ:EXLS) Given New $37.00 Price Target at Citigroup

ExlService (NASDAQ:EXLS - Free Report) had its price target cut by Citigroup from $38.00 to $37.00 in a research note published on Monday, Benzinga reports. They currently have a buy rating on the business services provider's stock.

Several other analysts have also recently commented on EXLS. Needham & Company LLC reiterated a buy rating and set a $40.00 price target on shares of ExlService in a research report on Friday, March 1st. StockNews.com downgraded ExlService from a buy rating to a hold rating in a report on Thursday, February 29th. Finally, TD Cowen lifted their price objective on shares of ExlService from $36.00 to $37.00 and gave the stock an outperform rating in a research report on Tuesday, April 2nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, ExlService has a consensus rating of Moderate Buy and a consensus price target of $36.14.

ExlService Stock Up 0.9 %

Shares of ExlService stock traded up $0.27 during trading on Monday, hitting $29.59. 701,961 shares of the stock traded hands, compared to its average volume of 974,558. The stock's fifty day simple moving average is $30.72 and its 200 day simple moving average is $29.82. ExlService has a 52-week low of $25.17 and a 52-week high of $35.94. The firm has a market cap of $4.91 billion, a P/E ratio of 27.05, a price-to-earnings-growth ratio of 1.53 and a beta of 0.97. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.15.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its earnings results on Thursday, February 29th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $408.56 million. On average, equities analysts predict that ExlService will post 1.3 earnings per share for the current fiscal year.

Insider Activity at ExlService

In related 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 value of $292,491.81. Following the sale, the executive vice president now directly owns 50,693 shares of the company's stock, valued at approximately $1,601,391.87. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Vikas Bhalla sold 23,760 shares of ExlService stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total transaction of $748,677.60. Following the completion of the sale, the executive vice president now owns 127,046 shares in the company, valued at approximately $4,003,219.46. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ajay Ayyappan sold 9,259 shares of the firm's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total transaction of $292,491.81. Following the sale, the executive vice president now directly owns 50,693 shares in the company, valued at $1,601,391.87. The disclosure for this sale can be found here. 3.75% of the stock is currently owned by company insiders.

Institutional Trading of ExlService

Several hedge funds and other institutional investors have recently bought and sold shares of EXLS. FinTrust Capital Advisors LLC purchased a new stake in ExlService in the third quarter valued at approximately $29,000. Public Employees Retirement System of Ohio raised its position in shares of ExlService by 439.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,052 shares of the business services provider's stock worth $29,000 after buying an additional 857 shares during the period. Principal Securities Inc. acquired a new stake in ExlService during the fourth quarter worth about $34,000. Parallel Advisors LLC lifted its stake in shares of ExlService by 44.6% in the 4th quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider's stock valued at $37,000 after purchasing an additional 366 shares in the last quarter. Finally, RiverPark Advisors LLC increased its position in ExlService by 65.2% during the 4th quarter. RiverPark Advisors LLC now owns 1,274 shares of the business services provider's stock worth $39,000 after purchasing an additional 503 shares in the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

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.