ExlService Holdings, Inc. (NASDAQ:EXLS) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have been assigned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $53.00.

EXLS has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reiterated a “hold (c+)” rating on shares of ExlService in a research report on Thursday, January 22nd. Finally, TD Cowen decreased their price objective on ExlService from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, January 9th.

Insider Buying and Selling at ExlService

In other news, insider Vikas Bhalla sold 11,774 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $39.99, for a total transaction of $470,842.26. Following the transaction, the insider directly owned 115,272 shares of the company’s stock, valued at approximately $4,609,727.28. This trade represents a 9.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ajay Ayyappan sold 8,114 shares of ExlService stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $42.53, for a total transaction of $345,088.42. Following the sale, the executive vice president owned 53,515 shares in the company, valued at approximately $2,275,992.95. This represents a 13.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 4.04% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EXLS. Invesco Ltd. raised its holdings in ExlService by 193.6% during the second quarter. Invesco Ltd. now owns 4,645,745 shares of the business services provider’s stock worth $203,437,000 after purchasing an additional 3,063,510 shares in the last quarter. AQR Capital Management LLC increased its position in shares of ExlService by 540.4% during the 3rd quarter. AQR Capital Management LLC now owns 1,963,973 shares of the business services provider’s stock valued at $86,474,000 after purchasing an additional 1,657,317 shares during the period. Amundi bought a new stake in shares of ExlService in the 3rd quarter worth $67,862,000. Schroder Investment Management Group acquired a new stake in shares of ExlService in the second quarter valued at $60,415,000. Finally, Jane Street Group LLC boosted its stake in ExlService by 534.2% during the second quarter. Jane Street Group LLC now owns 1,354,599 shares of the business services provider’s stock valued at $59,318,000 after buying an additional 1,141,008 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

ExlService Stock Down 1.9%

ExlService stock opened at $31.10 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.91 and a current ratio of 2.91. ExlService has a one year low of $29.97 and a one year high of $52.07. The company has a 50-day simple moving average of $40.83 and a 200-day simple moving average of $41.50. The firm has a market capitalization of $4.94 billion, a P/E ratio of 21.16, a P/E/G ratio of 1.28 and a beta of 0.89.

About ExlService

ExlService Holdings, Inc (NASDAQ: EXLS) is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.