ExlService Holdings, Inc. (NASDAQ:EXLS) Receives $53.00 Consensus Target Price from Brokerages

ExlService Holdings, Inc. (NASDAQ:EXLS) has been given a consensus rating of “Moderate Buy” by the five ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $53.00.

A number of research firms have issued reports on EXLS. Wall Street Zen raised shares of ExlService from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. TD Cowen dropped their price target 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 reissued a “hold (c+)” rating on shares of ExlService in a report on Thursday, January 22nd.

Insider Buying and Selling

In related news, EVP Ajay Ayyappan sold 8,114 shares of the firm’s 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 completion of the transaction, the executive vice president owned 53,515 shares of the company’s stock, valued at $2,275,992.95. This trade represents a 13.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Vikas Bhalla sold 11,774 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $39.99, for a total transaction of $470,842.26. Following the completion of the sale, the insider directly 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. The SEC filing for this sale provides additional information. Company insiders own 4.04% of the company’s stock.

Hedge Funds Weigh In On ExlService

Institutional investors and hedge funds have recently modified their holdings of the stock. Empowered Funds LLC grew its holdings in ExlService by 277.7% during the first quarter. Empowered Funds LLC now owns 17,384 shares of the business services provider’s stock worth $821,000 after acquiring an additional 12,781 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in ExlService by 4.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 497,474 shares of the business services provider’s stock worth $23,486,000 after purchasing an additional 19,769 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of ExlService during the 1st quarter worth approximately $10,084,000. Truist Financial Corp increased its holdings in shares of ExlService by 4.0% during the 2nd quarter. Truist Financial Corp now owns 25,268 shares of the business services provider’s stock valued at $1,106,000 after purchasing an additional 982 shares in the last quarter. Finally, KLP Kapitalforvaltning AS lifted its stake in shares of ExlService by 19.9% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 44,600 shares of the business services provider’s stock valued at $1,953,000 after purchasing an additional 7,400 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Stock Performance

Shares of ExlService stock opened at $29.69 on Tuesday. The company has a 50 day moving average price of $40.24 and a 200 day moving average price of $41.26. The firm has a market capitalization of $4.71 billion, a P/E ratio of 20.20, a PEG ratio of 1.22 and a beta of 0.88. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.43. ExlService has a 52 week low of $28.62 and a 52 week high of $52.07.

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.