ExlService Holdings, Inc. (EXLS) Receives $63.50 Consensus Target Price from Analysts

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Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have been assigned an average rating of “Buy” from the fourteen research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $63.90.

EXLS has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of ExlService from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a report on Wednesday. Barrington Research set a $70.00 price objective on shares of ExlService and gave the stock a “buy” rating in a report on Friday, July 13th. ValuEngine upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Wednesday, July 11th. BidaskClub upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Saturday, July 7th. Finally, SunTrust Banks upgraded shares of ExlService from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Friday, June 1st.

In other ExlService news, EVP Nancy Saltzman sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $57.13, for a total transaction of $114,260.00. Following the sale, the executive vice president now directly owns 10,585 shares in the company, valued at approximately $604,721.05. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Rohit Kapoor sold 3,265 shares of the stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $59.95, for a total transaction of $195,736.75. Following the sale, the chief executive officer now owns 443,447 shares in the company, valued at $26,584,647.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,770 shares of company stock worth $3,362,757. Company insiders own 4.40% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in EXLS. California Public Employees Retirement System lifted its holdings in ExlService by 4.3% during the 4th quarter. California Public Employees Retirement System now owns 58,139 shares of the business services provider’s stock worth $3,509,000 after buying an additional 2,421 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of ExlService by 25.7% in the 4th quarter. Wells Fargo & Company MN now owns 188,017 shares of the business services provider’s stock valued at $11,346,000 after purchasing an additional 38,415 shares during the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of ExlService in the 4th quarter valued at approximately $204,000. Renaissance Technologies LLC increased its position in shares of ExlService by 1.2% in the 4th quarter. Renaissance Technologies LLC now owns 697,000 shares of the business services provider’s stock valued at $42,064,000 after purchasing an additional 8,565 shares during the last quarter. Finally, Advisor Group Inc. increased its position in shares of ExlService by 363.7% in the 4th quarter. Advisor Group Inc. now owns 6,330 shares of the business services provider’s stock valued at $382,000 after purchasing an additional 4,965 shares during the last quarter. Institutional investors own 90.67% of the company’s stock.

Shares of ExlService traded down $0.07, hitting $62.37, during mid-day trading on Friday, Marketbeat Ratings reports. The stock had a trading volume of 89,981 shares, compared to its average volume of 107,892. ExlService has a 12-month low of $52.52 and a 12-month high of $64.34. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.15 and a quick ratio of 4.15. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 2.13 and a beta of 1.17.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, May 1st. The business services provider reported $0.64 earnings per share for the quarter, meeting the consensus estimate of $0.64. ExlService had a net margin of 7.03% and a return on equity of 15.05%. The business had revenue of $206.97 million during the quarter, compared to analysts’ expectations of $203.78 million. During the same quarter in the prior year, the company posted $0.60 EPS. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. equities analysts expect that ExlService will post 2.26 earnings per share for the current fiscal year.

ExlService Company Profile

ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.

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Analyst Recommendations for ExlService (NASDAQ:EXLS)

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