ExlService Holdings, Inc. (NASDAQ:EXLS) Receives $45.00 Average Price Target from Analysts

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $45.00.

Several analysts have weighed in on the company. Robert W. Baird boosted their price target on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Citigroup upped their target price on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Needham & Company LLC raised their price target on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group boosted their target price on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Finally, StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd.

Insiders Place Their Bets

In related news, CFO Maurizio Nicolelli sold 13,753 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $49.14, for a total value of $675,822.42. Following the completion of the sale, the chief financial officer now owns 194,440 shares of the company’s stock, valued at approximately $9,554,781.60. The trade was a 6.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total transaction of $4,687,000.00. Following the transaction, the chief executive officer now directly owns 689,645 shares in the company, valued at approximately $32,323,661.15. The trade was a 12.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 117,398 shares of company stock worth $5,523,385. Company insiders own 4.16% of the company’s stock.

Institutional Trading of ExlService

Institutional investors and hedge funds have recently modified their holdings of the stock. Mather Group LLC. purchased a new position in ExlService in the 4th quarter valued at $25,000. Kestra Investment Management LLC purchased a new position in shares of ExlService in the fourth quarter worth about $26,000. Ashton Thomas Securities LLC acquired a new position in shares of ExlService during the 3rd quarter worth approximately $27,000. Huntington National Bank grew its holdings in ExlService by 2,827.5% in the 3rd 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 in the last quarter. Finally, USA Financial Formulas purchased a new stake in shares of ExlService in the fourth quarter valued at about $58,000. Hedge funds and other institutional investors own 92.92% of the company’s stock.

ExlService Trading Up 0.2 %

NASDAQ EXLS opened at $51.80 on Friday. ExlService has a 12-month low of $28.16 and a 12-month high of $52.30. The company has a fifty day simple moving average of $46.78 and a two-hundred day simple moving average of $41.43. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a market cap of $8.33 billion, a P/E ratio of 45.44, a P/E/G ratio of 2.10 and a beta of 1.03.

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.