ExlService Holdings, Inc. (NASDAQ:EXLS) Receives $43.50 Consensus Target Price from Analysts

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $43.50.

A number of research firms have commented on EXLS. Robert W. Baird set a $45.00 target price on shares of ExlService and gave the company an “outperform” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. increased their price target on shares of ExlService from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Barrington Research set a $43.00 price target on shares of ExlService in a report on Thursday, July 30th. TD Cowen reaffirmed a “buy” rating and issued a $39.00 price objective (down from $45.00) on shares of ExlService in a research report on Thursday, July 9th. Finally, Needham & Company LLC increased their price objective on ExlService from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, July 29th.

ExlService Stock Up 0.7%

EXLS opened at $34.89 on Tuesday. The company has a market capitalization of $5.29 billion, a P/E ratio of 21.94, a PEG ratio of 1.40 and a beta of 0.80. ExlService has a 52 week low of $24.85 and a 52 week high of $45.08. The stock’s fifty day moving average is $28.85 and its two-hundred day moving average is $30.71.

Insider Activity at ExlService

In other news, insider Vikas Bhalla sold 11,000 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $34.99, for a total transaction of $384,890.00. Following the sale, the insider directly owned 130,295 shares of the company’s stock, valued at $4,559,022.05. The trade was a 7.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ajay Ayyappan sold 5,093 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $29.11, for a total value of $148,257.23. Following the completion of the transaction, the executive vice president owned 48,994 shares of the company’s stock, valued at approximately $1,426,215.34. The trade was a 9.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 28,093 shares of company stock worth $895,787. 3.66% of the stock is owned by insiders.

Institutional Trading of ExlService

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Summit Creek Advisors LLC purchased a new stake in ExlService in the 2nd quarter worth approximately $4,728,000. First National Bank of Omaha acquired a new stake in shares of ExlService in the second quarter valued at about $1,789,000. Citizens Financial Group Inc. RI purchased a new stake in ExlService during the 2nd quarter worth approximately $230,000. UNIVEST FINANCIAL Corp purchased a new stake in shares of ExlService during the second quarter worth approximately $4,333,000. Finally, BlackRock Inc. purchased a new stake in shares of ExlService during the second quarter worth $488,370,000. 92.92% of the stock is owned by institutional investors and hedge funds.

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.