ExlService Holdings, Inc. (NASDAQ:EXLS) has earned an average rating of “Buy” from the seven research firms that are currently covering the company. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $55.20.

Several analysts have recently commented on the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $56.00 price objective (up from $50.00) on shares of ExlService Holdings in a research note on Wednesday, May 3rd. Cowen and Company reissued an “outperform” rating and issued a $54.00 price objective on shares of ExlService Holdings in a research note on Tuesday, April 11th. Finally, Zacks Investment Research raised ExlService Holdings from a “sell” rating to a “hold” rating in a research note on Friday, March 31st.

In other news, CFO Vishal Chhibbar sold 841 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $49.50, for a total value of $41,629.50. Following the completion of the sale, the chief financial officer now directly owns 14,977 shares of the company’s stock, valued at $741,361.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Nancy Saltzman sold 1,615 shares of the stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $45.08, for a total value of $72,804.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 224,067 shares of company stock valued at $10,618,107. Company insiders own 5.94% of the company’s stock.

Several hedge funds have recently modified their holdings of EXLS. Capital Fund Management S.A. acquired a new stake in shares of ExlService Holdings during the third quarter worth approximately $912,000. UBS Asset Management Americas Inc. increased its stake in shares of ExlService Holdings by 9.5% in the third quarter. UBS Asset Management Americas Inc. now owns 19,757 shares of the business services provider’s stock worth $985,000 after buying an additional 1,709 shares during the last quarter. BlackRock Advisors LLC increased its stake in shares of ExlService Holdings by 9.3% in the third quarter. BlackRock Advisors LLC now owns 17,075 shares of the business services provider’s stock worth $851,000 after buying an additional 1,449 shares during the last quarter. Rhumbline Advisers increased its stake in shares of ExlService Holdings by 5.8% in the third quarter. Rhumbline Advisers now owns 53,279 shares of the business services provider’s stock worth $2,655,000 after buying an additional 2,907 shares during the last quarter. Finally, BlackRock Group LTD increased its stake in shares of ExlService Holdings by 4.1% in the third quarter. BlackRock Group LTD now owns 51,653 shares of the business services provider’s stock worth $2,575,000 after buying an additional 2,046 shares during the last quarter. 97.73% of the stock is owned by institutional investors.

WARNING: This piece of content was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of international trademark and copyright laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/05/12/exlservice-holdings-inc-exls-given-average-rating-of-buy-by-analysts.html.

Shares of ExlService Holdings (NASDAQ:EXLS) traded up 0.08% during midday trading on Friday, reaching $49.98. The company had a trading volume of 48,431 shares. The stock’s 50 day moving average is $47.24 and its 200-day moving average is $47.19. The stock has a market capitalization of $1.68 billion, a PE ratio of 26.73 and a beta of 1.62. ExlService Holdings has a 12-month low of $42.00 and a 12-month high of $54.78.

ExlService Holdings (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, May 2nd. The business services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.46 by $0.14. The firm had revenue of $183.03 million during the quarter, compared to the consensus estimate of $176.96 million. ExlService Holdings had a return on equity of 13.57% and a net margin of 9.04%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.56 earnings per share. On average, equities research analysts predict that ExlService Holdings will post $2.57 earnings per share for the current fiscal year.

About ExlService Holdings

ExlService Holdings, Inc is an operations management and analytics company. The Company segments include Insurance; Healthcare; Travel, Transportation and Logistics; Finance and Accounting (F&A); Analytics, and All Other. The Insurance operating segment serves property and casualty insurance, life insurance, disability insurance, annuity and retirement services companies.

5 Day Chart for NASDAQ:EXLS

Receive News & Ratings for ExlService Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExlService Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.