ExlService Holdings, Inc. (NASDAQ:EXLS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

ExlService Holdings, Inc. (NASDAQ:EXLS) has earned a consensus rating of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $53.00.

Several brokerages have recently commented on EXLS. Wall Street Zen raised shares of ExlService from a “hold” rating to a “buy” rating in a research report on Saturday. TD Cowen cut their price objective on ExlService from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, January 9th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ExlService in a report on Thursday, January 22nd.

Insider Activity at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 8,114 shares of the stock in a transaction on 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vikas Bhalla sold 11,774 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $39.99, for a total transaction of $470,842.26. Following the completion of the transaction, the insider owned 115,272 shares in the company, valued at approximately $4,609,727.28. The trade was a 9.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 4.04% of the company’s stock.

Institutional Investors Weigh In On ExlService

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in ExlService by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 5,412,882 shares of the business services provider’s stock valued at $238,331,000 after acquiring an additional 68,398 shares during the period. Geneva Capital Management LLC lifted its holdings in shares of ExlService by 7.7% in the 2nd quarter. Geneva Capital Management LLC now owns 5,013,398 shares of the business services provider’s stock worth $219,537,000 after purchasing an additional 357,833 shares during the last quarter. Invesco Ltd. boosted its position in ExlService by 193.6% during the 2nd quarter. Invesco Ltd. now owns 4,645,745 shares of the business services provider’s stock valued at $203,437,000 after purchasing an additional 3,063,510 shares during the period. Handelsbanken Fonder AB boosted its position in ExlService by 10.7% during the 4th quarter. Handelsbanken Fonder AB now owns 3,781,036 shares of the business services provider’s stock valued at $160,467,000 after purchasing an additional 364,146 shares during the period. Finally, Fenimore Asset Management Inc grew its stake in ExlService by 0.7% during the 3rd quarter. Fenimore Asset Management Inc now owns 2,789,992 shares of the business services provider’s stock worth $122,843,000 after buying an additional 18,747 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Trading Down 1.9%

EXLS opened at $31.10 on Tuesday. ExlService has a 12-month low of $29.97 and a 12-month high of $52.07. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.91 and a quick ratio of 2.91. The stock has a market capitalization of $4.94 billion, a PE ratio of 21.16, a P/E/G ratio of 1.28 and a beta of 0.89. The firm’s fifty day moving average price is $40.83 and its 200 day moving average price is $41.50.

ExlService Company Profile

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.