Citigroup Cuts ExlService (NASDAQ:EXLS) Price Target to $37.00

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

Several other research firms have also recently weighed in on EXLS. TD Cowen upped their target price on ExlService from $36.00 to $37.00 and gave the stock an outperform rating in a research note on Tuesday, April 2nd. StockNews.com lowered ExlService from a buy rating to a hold rating in a research note on Thursday, February 29th. Finally, Needham & Company LLC reiterated a buy rating and issued a $40.00 target price on shares of ExlService in a research report on Friday, March 1st. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, ExlService has a consensus rating of Moderate Buy and a consensus price target of $36.14.

ExlService Stock Up 0.9 %

Shares of NASDAQ EXLS opened at $29.59 on Monday. The stock has a market capitalization of $4.91 billion, a P/E ratio of 27.05, a PEG ratio of 1.53 and a beta of 0.97. The stock’s fifty day moving average is $30.72 and its 200 day moving average is $29.82. ExlService has a 52 week low of $25.17 and a 52 week high of $35.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.08 and a current ratio of 2.08.

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

Insider Transactions at ExlService

In related news, EVP Vikas Bhalla sold 23,760 shares of ExlService 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 sale, the executive vice president now directly owns 127,046 shares in the company, valued at approximately $4,003,219.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Vikas Bhalla sold 23,760 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total value of $748,677.60. Following the completion of the sale, the executive vice president now directly owns 127,046 shares in the company, valued at $4,003,219.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ajay Ayyappan sold 9,259 shares of the firm’s stock in a transaction on 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 directly owns 50,693 shares of the company’s stock, valued at $1,601,391.87. The disclosure for this sale can be found here. Company insiders own 3.75% of the company’s stock.

Institutional Trading of ExlService

Several institutional investors have recently added to or reduced their stakes in the stock. FinTrust Capital Advisors LLC acquired a new position in shares of ExlService in the 3rd quarter worth approximately $29,000. Public Employees Retirement System of Ohio raised its stake in ExlService by 439.5% during the third quarter. Public Employees Retirement System of Ohio now owns 1,052 shares of the business services provider’s stock worth $29,000 after buying an additional 857 shares during the last quarter. Principal Securities Inc. acquired a new position in ExlService in the fourth quarter valued at $34,000. Parallel Advisors LLC boosted its position in ExlService by 44.6% during the fourth quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 366 shares during the last quarter. Finally, Operose Advisors LLC acquired a new stake in ExlService during the 3rd quarter worth about $38,000. 92.92% of the stock is currently owned by institutional investors.

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.