Brokerages Set ExlService Holdings, Inc. (NASDAQ:EXLS) PT at $42.86

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have earned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $42.86.

A number of brokerages recently weighed in on EXLS. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and boosted their price target for the company from $35.00 to $42.00 in a report on Monday, September 9th. Robert W. Baird raised their price objective on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Citigroup lifted their price objective on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Finally, JPMorgan Chase & Co. increased their target price on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, September 6th.

ExlService Stock Down 3.2 %

EXLS stock opened at $44.13 on Thursday. The firm has a market cap of $7.10 billion, a PE ratio of 38.71, a P/E/G ratio of 2.26 and a beta of 1.01. ExlService has a 12 month low of $28.16 and a 12 month high of $47.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The firm has a 50 day simple moving average of $43.62 and a 200 day simple moving average of $37.38.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 EPS. Equities research analysts forecast that ExlService will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling at ExlService

In other news, CEO Rohit Kapoor sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $41.45, for a total transaction of $4,145,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,290,240 shares of the company’s stock, valued at $53,480,448. This trade represents a 7.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Vikas Bhalla sold 22,813 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $41.86, for a total value of $954,952.18. Following the completion of the sale, the insider now directly owns 102,825 shares of the company’s stock, valued at approximately $4,304,254.50. The trade was a 18.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 426,458 shares of company stock valued at $18,720,514 in the last quarter. Company insiders own 4.16% of the company’s stock.

Hedge Funds Weigh In On ExlService

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC bought a new stake in shares of ExlService in the third quarter valued at approximately $27,000. Whittier Trust Co. of Nevada Inc. grew its position in ExlService by 164.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock worth $29,000 after purchasing an additional 574 shares during the last quarter. Huntington National Bank raised its position in shares of ExlService by 2,827.5% during the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after buying an additional 1,131 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of ExlService by 29.7% in the third quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock valued at $62,000 after buying an additional 375 shares during the period. Finally, GAMMA Investing LLC increased its stake in ExlService by 32.8% during the third quarter. GAMMA Investing LLC now owns 2,331 shares of the business services provider’s stock valued at $89,000 after acquiring an additional 576 shares during the period. Institutional investors and hedge funds 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.