ExlService Holdings, Inc. (EXLS) Given Average Recommendation of “Hold” by Brokerages

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Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have been assigned an average recommendation of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $63.20.

Several brokerages have commented on EXLS. Zacks Investment Research cut shares of ExlService from a “hold” rating to a “sell” rating in a research report on Tuesday, April 9th. BidaskClub raised shares of ExlService from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 15th. ValuEngine raised shares of ExlService from a “hold” rating to a “buy” rating in a research report on Saturday, February 2nd. Cantor Fitzgerald reissued a “buy” rating and set a $71.00 price target on shares of ExlService in a research report on Sunday, April 28th. Finally, Citigroup boosted their price target on shares of ExlService from $56.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st.

NASDAQ:EXLS traded down $0.20 on Friday, hitting $60.72. 65,171 shares of the company’s stock were exchanged, compared to its average volume of 114,376. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.40 and a quick ratio of 3.40. ExlService has a 52 week low of $44.29 and a 52 week high of $67.06. The stock has a market capitalization of $2.09 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 2.39 and a beta of 1.12.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.54 by $0.17. ExlService had a net margin of 5.27% and a return on equity of 13.63%. The firm had revenue of $239.57 million for the quarter, compared to analysts’ expectations of $238.88 million. During the same period in the previous year, the firm posted $0.65 EPS. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, analysts anticipate that ExlService will post 2.31 earnings per share for the current fiscal year.

In other news, EVP Nalin Kumar Miglani sold 2,030 shares of the company’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $62.29, for a total value of $126,448.70. Following the sale, the executive vice president now directly owns 992 shares of the company’s stock, valued at approximately $61,791.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Vishal Chhibbar sold 25,698 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $60.41, for a total transaction of $1,552,416.18. Following the completion of the sale, the chief financial officer now directly owns 30,747 shares in the company, valued at $1,857,426.27. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,238 shares of company stock worth $2,012,980. 3.60% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of EXLS. Norges Bank bought a new stake in shares of ExlService in the 4th quarter valued at about $20,442,000. Mackenzie Financial Corp raised its holdings in ExlService by 20.0% in the 4th quarter. Mackenzie Financial Corp now owns 1,723,020 shares of the business services provider’s stock valued at $90,665,000 after acquiring an additional 287,215 shares during the period. Macquarie Group Ltd. raised its holdings in ExlService by 10.4% in the 4th quarter. Macquarie Group Ltd. now owns 1,144,485 shares of the business services provider’s stock valued at $60,223,000 after acquiring an additional 107,832 shares during the period. Vanguard Group Inc. raised its holdings in ExlService by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,381,703 shares of the business services provider’s stock valued at $223,869,000 after acquiring an additional 87,854 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in ExlService in the 4th quarter valued at about $3,207,000. 93.59% of the stock is currently owned by institutional investors.

About ExlService

ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.

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Analyst Recommendations for ExlService (NASDAQ:EXLS)

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