ExlService Holdings, Inc. (NASDAQ:EXLS) Receives $43.60 Average Target Price from Analysts

ExlService Holdings, Inc. (NASDAQ:EXLS) has been given an average recommendation of “Moderate Buy” by the five analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $43.60.

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Robert W. Baird set a $35.00 price target on ExlService in a research report on Wednesday, February 25th. TD Cowen dropped their price target on ExlService from $51.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of ExlService in a research report on Thursday, January 22nd. Finally, Stifel Nicolaus reduced their price objective on ExlService from $54.00 to $46.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th.

ExlService Price Performance

NASDAQ:EXLS opened at $29.64 on Friday. The firm has a market cap of $4.64 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 1.33 and a beta of 0.91. ExlService has a 12 month low of $26.94 and a 12 month high of $48.79. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $35.40 and its two-hundred day moving average price is $39.48.

Insider Activity

In related news, EVP Ajay Ayyappan sold 8,114 shares of the company’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $42.53, for a total transaction of $345,088.42. Following the transaction, the executive vice president owned 53,515 shares in the company, valued at $2,275,992.95. This represents a 13.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 11,586 shares of company stock valued at $449,725 over the last three months. Insiders own 4.04% of the company’s stock.

Institutional Investors Weigh In On ExlService

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its position in shares of ExlService by 193.6% during the second quarter. Invesco Ltd. now owns 4,645,745 shares of the business services provider’s stock worth $203,437,000 after purchasing an additional 3,063,510 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of ExlService by 109.7% in the fourth quarter. AQR Capital Management LLC now owns 4,118,625 shares of the business services provider’s stock valued at $174,794,000 after purchasing an additional 2,154,652 shares in the last quarter. Amundi bought a new position in ExlService in the 3rd quarter worth approximately $67,862,000. Schroder Investment Management Group bought a new position in ExlService in the 2nd quarter worth approximately $60,415,000. Finally, Jane Street Group LLC lifted its holdings in ExlService by 534.2% during the 2nd quarter. Jane Street Group LLC now owns 1,354,599 shares of the business services provider’s stock worth $59,318,000 after buying an additional 1,141,008 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

About ExlService

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.