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

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

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

ExlService Stock Down 0.2 %

Shares of NASDAQ EXLS opened at $29.57 on Monday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.15. ExlService has a 12 month low of $25.17 and a 12 month high of $35.94. The firm has a market capitalization of $4.90 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 1.54 and a beta of 0.97. The firm has a fifty day simple moving average of $30.72 and a two-hundred day simple moving average of $29.83.

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

Insider Activity at ExlService

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

Institutional Investors Weigh In On ExlService

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EXLS. FinTrust Capital Advisors LLC purchased a new stake in ExlService during the 3rd quarter valued at approximately $29,000. Public Employees Retirement System of Ohio grew its holdings in shares of ExlService by 439.5% in the third quarter. Public Employees Retirement System of Ohio now owns 1,052 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 857 shares in the last quarter. Principal Securities Inc. purchased a new position in shares of ExlService in the fourth quarter valued at $34,000. Parallel Advisors LLC grew its holdings in shares of ExlService by 44.6% in the fourth quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 366 shares in the last quarter. Finally, RiverPark Advisors LLC boosted its stake in ExlService by 65.2% during the fourth quarter. RiverPark Advisors LLC now owns 1,274 shares of the business services provider’s stock worth $39,000 after buying an additional 503 shares during the period. Institutional investors 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.