ExlService Holdings, Inc. (NASDAQ:EXLS – Get Free Report) has been given a consensus rating of “Moderate Buy” by the six research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $51.50.
A number of research analysts recently issued reports on EXLS shares. Wall Street Zen upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Stifel Nicolaus raised their price target on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Needham & Company LLC restated a “buy” rating and set a $55.00 price target on shares of ExlService in a research note on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. raised their price target on ExlService from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st.
Read Our Latest Stock Analysis on ExlService
ExlService Trading Up 2.0%
ExlService (NASDAQ:EXLS – Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business had revenue of $501.02 million for the quarter, compared to the consensus estimate of $489.66 million. During the same quarter in the prior year, the business posted $0.38 EPS. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. As a group, equities research analysts expect that ExlService will post 1.27 EPS for the current fiscal year.
Insiders Place Their Bets
In other ExlService news, insider Vikas Bhalla sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $46.11, for a total transaction of $1,152,750.00. Following the completion of the sale, the insider now directly owns 135,046 shares of the company’s stock, valued at approximately $6,226,971.06. This trade represents a 15.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anita Mahon sold 10,558 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total value of $484,823.36. Following the sale, the executive vice president now directly owns 94,443 shares of the company’s stock, valued at $4,336,822.56. The trade was a 10.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,138 shares of company stock valued at $2,330,561. 4.04% of the stock is owned by company insiders.
Institutional Trading of ExlService
Several hedge funds have recently modified their holdings of EXLS. Mather Group LLC. acquired a new stake in shares of ExlService in the 4th quarter valued at approximately $25,000. Kestra Investment Management LLC acquired a new stake in shares of ExlService in the 4th quarter valued at approximately $26,000. Whittier Trust Co. acquired a new stake in shares of ExlService in the 1st quarter valued at approximately $45,000. Morse Asset Management Inc acquired a new stake in shares of ExlService in the 4th quarter valued at approximately $49,000. Finally, VisionPoint Advisory Group LLC acquired a new stake in shares of ExlService in the 4th quarter valued at approximately $58,000. 92.92% of the stock is owned by institutional investors and hedge funds.
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.
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