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

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have earned a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $43.60.

Several equities research analysts recently weighed in on EXLS shares. Robert W. Baird set a $35.00 price target on ExlService in a report on Wednesday, February 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of ExlService in a research note on Thursday, January 22nd. Stifel Nicolaus reduced their target price on shares of ExlService from $54.00 to $46.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. TD Cowen lowered their target price on shares of ExlService from $51.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Finally, Wall Street Zen upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th.

Insider Transactions at ExlService

In other news, EVP Ajay Ayyappan sold 8,114 shares of the stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $42.53, for a total transaction of $345,088.42. Following the completion of the transaction, the executive vice president directly owned 53,515 shares of the company’s stock, valued at approximately $2,275,992.95. This represents a 13.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 11,586 shares of company stock worth $449,725. Insiders own 4.04% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Aristides Capital LLC acquired a new position in shares of ExlService during the 4th quarter worth $209,000. Pacer Advisors Inc. increased its holdings in shares of ExlService by 118.7% in the 4th quarter. Pacer Advisors Inc. now owns 46,844 shares of the business services provider’s stock valued at $1,988,000 after purchasing an additional 25,420 shares in the last quarter. Invesco Ltd. lifted its stake in shares of ExlService by 4.2% in the fourth quarter. Invesco Ltd. now owns 1,344,565 shares of the business services provider’s stock valued at $57,063,000 after purchasing an additional 53,659 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in ExlService by 5.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 380,657 shares of the business services provider’s stock worth $16,155,000 after buying an additional 20,268 shares in the last quarter. Finally, Vident Advisory LLC grew its position in ExlService by 5.3% during the fourth quarter. Vident Advisory LLC now owns 64,269 shares of the business services provider’s stock worth $2,728,000 after buying an additional 3,256 shares during the period. Hedge funds and other institutional investors own 92.92% of the company’s stock.

ExlService Trading Down 0.1%

Shares of EXLS stock opened at $32.51 on Friday. The company has a market capitalization of $5.08 billion, a P/E ratio of 21.11, a price-to-earnings-growth ratio of 1.40 and a beta of 0.91. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $36.59 and its two-hundred day moving average is $39.94. ExlService has a twelve month low of $26.94 and a twelve month high of $48.79.

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.