ExlService Holdings, Inc. (NASDAQ:EXLS) Receives $109.33 Consensus Target Price from Analysts

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have received a consensus rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $109.33.

A number of research firms have commented on EXLS. JPMorgan Chase & Co. boosted their price target on shares of ExlService from $116.00 to $134.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 17th. Zacks Investment Research downgraded shares of ExlService from a “buy” rating to a “hold” rating in a research report on Tuesday, November 9th. Finally, Wedbush reaffirmed a “neutral” rating on shares of ExlService in a research note on Thursday, July 29th.

Shares of NASDAQ EXLS traded down $0.11 during midday trading on Friday, hitting $133.78. The company’s stock had a trading volume of 91,430 shares, compared to its average volume of 157,437. ExlService has a 1-year low of $76.39 and a 1-year high of $138.98. The firm’s fifty day moving average price is $127.62 and its 200-day moving average price is $116.26. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.45 and a current ratio of 2.45. The firm has a market cap of $4.46 billion, a P/E ratio of 38.78, a P/E/G ratio of 2.40 and a beta of 0.88.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, November 2nd. The business services provider reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.24. The business had revenue of $290.30 million during the quarter, compared to analyst estimates of $276.55 million. ExlService had a net margin of 11.03% and a return on equity of 19.06%. The company’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 EPS. As a group, research analysts predict that ExlService will post 3.9 earnings per share for the current fiscal year.

In related news, EVP Vikas Bhalla sold 2,661 shares of the business’s stock in a transaction that occurred on Friday, October 1st. The shares were sold at an average price of $123.11, for a total transaction of $327,595.71. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Rohit Kapoor sold 26,840 shares of ExlService stock in a transaction that occurred on Thursday, November 4th. The shares were sold at an average price of $133.47, for a total transaction of $3,582,334.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,620 shares of company stock worth $8,464,133. 2.81% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of EXLS. Cullen Frost Bankers Inc. acquired a new stake in shares of ExlService in the second quarter worth $36,000. Whittier Trust Co. of Nevada Inc. acquired a new position in ExlService during the 3rd quarter valued at $46,000. Altshuler Shaham Ltd acquired a new position in ExlService during the 3rd quarter valued at $72,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in ExlService during the 2nd quarter valued at $90,000. Finally, Heritage Wealth Management LLC raised its stake in ExlService by 56.3% during the 2nd quarter. Heritage Wealth Management LLC now owns 1,052 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 379 shares during the last quarter. Institutional investors and hedge funds own 96.00% of the company’s stock.

About ExlService

ExlService Holdings, Inc is an operations management and analytics company, which engages in providing business process management. It operates through the following segments: Insurance, Healthcare, Travel, Transportation, and Logistics, Finance and Accounting, Analytic, and All Other. The Insurance segment serves property and casualty insurance, life insurance, disability insurance, annuity, and retirement services companies.

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Analyst Recommendations for ExlService (NASDAQ:EXLS)

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