ExlService (NASDAQ:EXLS) Given New $37.00 Price Target at Citigroup

ExlService (NASDAQ:EXLS) had its price target trimmed by Citigroup from $38.00 to $37.00 in a report released on Monday morning, Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

EXLS has been the topic of several other reports. TD Cowen boosted their target price on ExlService from $36.00 to $37.00 and gave the stock an outperform rating in a report on Tuesday, April 2nd. Needham & Company LLC restated a buy rating and set a $40.00 target price on shares of ExlService in a report on Friday, March 1st. Finally, StockNews.com lowered ExlService from a buy rating to a hold rating in a research note on Thursday, February 29th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, ExlService has a consensus rating of Moderate Buy and a consensus price target of $36.14.

ExlService Price Performance

Shares of EXLS stock opened at $29.59 on Monday. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of 27.05, a P/E/G ratio of 1.53 and a beta of 0.97. The stock’s fifty day simple moving average is $30.72 and its 200 day simple moving average is $29.82. ExlService has a one year low of $25.17 and a one year high of $35.94. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 2.08.

ExlService (NASDAQ:EXLS) last posted its earnings results on Thursday, February 29th. The business services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). ExlService had a return on equity of 22.83% and a net margin of 11.32%. The firm had revenue of $414.06 million during the quarter, compared to the consensus estimate of $408.56 million. On average, analysts expect that ExlService will post 1.3 earnings per share for the current fiscal year.

Insider Transactions at ExlService

In related news, EVP Ajay Ayyappan sold 9,259 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total value of $292,491.81. Following the transaction, the executive vice president now owns 50,693 shares in the company, valued at $1,601,391.87. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Ajay Ayyappan sold 9,259 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total value of $292,491.81. Following the transaction, the executive vice president now directly owns 50,693 shares in the company, valued at $1,601,391.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Vikas Bhalla sold 23,760 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $31.51, for a total transaction of $748,677.60. Following the completion of the transaction, the executive vice president now directly owns 127,046 shares in the company, valued at $4,003,219.46. The disclosure for this sale can be found here. 3.75% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ExlService

Several hedge funds have recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. increased its stake in shares of ExlService by 1,301.4% in the 4th quarter. GHP Investment Advisors Inc. now owns 85,723 shares of the business services provider’s stock valued at $2,645,000 after acquiring an additional 79,606 shares during the last quarter. Boston Trust Walden Corp grew its holdings in ExlService by 19.4% during the fourth quarter. Boston Trust Walden Corp now owns 3,725,199 shares of the business services provider’s stock valued at $114,922,000 after purchasing an additional 606,215 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in ExlService by 398.8% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 386,000 shares of the business services provider’s stock valued at $10,823,000 after purchasing an additional 308,618 shares in the last quarter. Vanguard Group Inc. raised its holdings in ExlService by 402.9% in the third quarter. Vanguard Group Inc. now owns 16,834,702 shares of the business services provider’s stock worth $472,045,000 after purchasing an additional 13,487,495 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of ExlService by 422.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 57,775 shares of the business services provider’s stock worth $1,627,000 after purchasing an additional 46,717 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

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.