ExlService Holdings, Inc. (NASDAQ:EXLS) Receives $45.00 Average PT from Brokerages

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $45.00.

Several brokerages have recently issued reports on EXLS. Robert W. Baird upped their target price on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Citigroup upped their target price on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Jefferies Financial Group upped their target price on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Needham & Company LLC upped their target price on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 31st.

ExlService Stock Down 0.6 %

Shares of EXLS stock opened at $50.66 on Friday. The stock has a market cap of $8.15 billion, a P/E ratio of 44.44, a PEG ratio of 2.10 and a beta of 1.03. ExlService has a 52 week low of $28.16 and a 52 week high of $51.25. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The company’s fifty day simple moving average is $46.57 and its two-hundred day simple moving average is $41.28.

Insider Activity at ExlService

In other ExlService news, Director Jaynie M. Studenmund sold 3,645 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total value of $160,562.25. Following the transaction, the director now directly owns 14,580 shares in the company, valued at $642,249. This represents a 20.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rohit Kapoor sold 100,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $45.66, for a total transaction of $4,566,000.00. Following the completion of the transaction, the chief executive officer now owns 789,645 shares in the company, valued at $36,055,190.70. This represents a 11.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 217,398 shares of company stock worth $10,089,385. Insiders own 4.16% of the company’s stock.

Hedge Funds Weigh In On ExlService

A number of hedge funds have recently added to or reduced their stakes in EXLS. Creative Planning grew its stake in ExlService by 26.0% in the 2nd quarter. Creative Planning now owns 21,913 shares of the business services provider’s stock worth $687,000 after acquiring an additional 4,517 shares in the last quarter. Point72 Asset Management L.P. grew its stake in ExlService by 12.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 25,300 shares of the business services provider’s stock worth $793,000 after acquiring an additional 2,800 shares in the last quarter. Truist Financial Corp bought a new position in ExlService in the 2nd quarter worth about $334,000. Sanctuary Advisors LLC bought a new position in ExlService in the 2nd quarter worth about $299,000. Finally, Central Pacific Bank Trust Division grew its stake in ExlService by 9.7% in the 3rd quarter. Central Pacific Bank Trust Division now owns 6,801 shares of the business services provider’s stock worth $259,000 after acquiring an additional 601 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

ExlService Company Profile

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.