Other analysts have also issued research reports about the company. Cantor Fitzgerald reaffirmed a buy rating and issued a $71.00 target price on shares of ExlService in a report on Monday, May 6th. ValuEngine lowered ExlService from a buy rating to a hold rating in a report on Tuesday, April 30th. Zacks Investment Research lowered ExlService from a hold rating to a sell rating in a report on Tuesday, April 9th. Citigroup raised their target price on ExlService from $56.00 to $62.00 and gave the company a neutral rating in a report on Friday, March 1st. Finally, Robert W. Baird lowered ExlService from an outperform rating to a neutral rating and lowered their target price for the company from $66.00 to $63.00 in a report on Friday, March 1st. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. ExlService presently has a consensus rating of Hold and an average price target of $64.33.
Shares of NASDAQ EXLS opened at $59.87 on Wednesday. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.48. The stock has a market cap of $2.06 billion, a PE ratio of 25.92, a P/E/G ratio of 2.42 and a beta of 1.12. ExlService has a 52 week low of $44.29 and a 52 week high of $67.06.
In other ExlService news, CFO Vishal Chhibbar sold 25,698 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $60.41, for a total value of $1,552,416.18. Following the sale, the chief financial officer now owns 30,747 shares of the company’s stock, valued at approximately $1,857,426.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Nagaraja Srivatsan sold 1,416 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $61.65, for a total value of $87,296.40. Following the completion of the sale, the vice president now directly owns 542 shares in the company, valued at approximately $33,414.30. The disclosure for this sale can be found here. Insiders sold a total of 33,238 shares of company stock worth $2,012,980 in the last ninety days. Insiders own 3.60% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arizona State Retirement System lifted its position in shares of ExlService by 0.4% in the 1st quarter. Arizona State Retirement System now owns 52,948 shares of the business services provider’s stock worth $3,178,000 after acquiring an additional 193 shares during the period. Comerica Bank lifted its position in shares of ExlService by 0.6% in the 4th quarter. Comerica Bank now owns 33,605 shares of the business services provider’s stock worth $1,881,000 after acquiring an additional 215 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of ExlService by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,268 shares of the business services provider’s stock worth $796,000 after acquiring an additional 240 shares during the period. Private Capital Group LLC lifted its position in shares of ExlService by 36.9% in the 4th quarter. Private Capital Group LLC now owns 917 shares of the business services provider’s stock worth $48,000 after acquiring an additional 247 shares during the period. Finally, Piedmont Investment Advisors Inc. lifted its position in shares of ExlService by 3.2% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 8,137 shares of the business services provider’s stock worth $428,000 after acquiring an additional 253 shares during the period. 92.05% of the stock is currently owned by hedge funds and other institutional investors.
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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