Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have been assigned an average recommendation of “Buy” from the twelve research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $60.60.

EXLS has been the subject of several research analyst reports. Wells Fargo & Company restated a “market perform” rating and issued a $50.00 price objective (up from $48.00) on shares of ExlService Holdings in a research note on Tuesday, May 23rd. Cantor Fitzgerald restated a “buy” rating and issued a $59.00 price objective on shares of ExlService Holdings in a research note on Tuesday, June 20th. Needham & Company LLC raised their target price on ExlService Holdings from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Wednesday, June 21st. Zacks Investment Research raised ExlService Holdings from a “hold” rating to a “strong-buy” rating and set a $64.00 target price on the stock in a report on Tuesday, July 4th. Finally, BidaskClub lowered ExlService Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 6th.

In other ExlService Holdings news, EVP Villa Rembert De sold 900 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $56.01, for a total value of $50,409.00. Following the sale, the executive vice president now directly owns 10,697 shares of the company’s stock, valued at $599,138.97. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Rohit Kapoor sold 6,663 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $54.90, for a total value of $365,798.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,134 shares of company stock worth $2,869,900. 5.80% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of ExlService Holdings by 145,337.4% in the first quarter. BlackRock Inc. now owns 3,986,440 shares of the business services provider’s stock worth $188,797,000 after acquiring an additional 3,983,699 shares during the last quarter. FMR LLC boosted its stake in shares of ExlService Holdings by 16.8% in the second quarter. FMR LLC now owns 3,887,355 shares of the business services provider’s stock worth $216,060,000 after acquiring an additional 557,892 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of ExlService Holdings by 2.1% in the second quarter. Vanguard Group Inc. now owns 2,949,034 shares of the business services provider’s stock worth $163,908,000 after acquiring an additional 61,535 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its stake in shares of ExlService Holdings by 0.4% in the second quarter. Aberdeen Asset Management PLC UK now owns 1,173,749 shares of the business services provider’s stock worth $65,237,000 after acquiring an additional 5,158 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of ExlService Holdings by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,173,323 shares of the business services provider’s stock worth $65,214,000 after acquiring an additional 13,095 shares during the last quarter. 94.89% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/09/16/exlservice-holdings-inc-exls-given-consensus-rating-of-buy-by-brokerages.html.

ExlService Holdings (EXLS) traded up 0.05% during midday trading on Friday, hitting $55.98. The company’s stock had a trading volume of 360,189 shares. ExlService Holdings has a one year low of $42.00 and a one year high of $59.84. The company’s 50-day moving average is $56.16 and its 200 day moving average is $51.72. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 28.40 and a beta of 1.30.

ExlService Holdings (NASDAQ:EXLS) last announced its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.24. ExlService Holdings had a return on equity of 14.34% and a net margin of 9.53%. The firm had revenue of $189.10 million during the quarter, compared to analysts’ expectations of $185.65 million. During the same period last year, the business posted $0.55 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, analysts predict that ExlService Holdings will post $2.61 EPS for the current 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.

Analyst Recommendations for ExlService Holdings (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.