Analysts Set ExlService Holdings, Inc. (NASDAQ:EXLS) Price Target at $43.50

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have earned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $43.50.

A number of equities research analysts recently issued reports on the company. Robert W. Baird set a $45.00 price target on ExlService and gave the stock an “outperform” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. upped their target price on 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 target price on ExlService in a report on Thursday, July 30th. Weiss Ratings cut ExlService from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 30th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $39.00 price target (down from $45.00) on shares of ExlService in a research note on Thursday, July 9th.

ExlService Stock Up 2.9%

Shares of ExlService stock opened at $34.66 on Tuesday. ExlService has a twelve month low of $24.85 and a twelve month high of $45.08. The company has a 50-day simple moving average of $28.73 and a two-hundred day simple moving average of $30.68. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 1.35 and a beta of 0.80.

Insider Transactions at ExlService

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

Institutional Investors Weigh In On ExlService

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Trust Co. NA boosted its stake in ExlService by 56.2% in the fourth quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock worth $30,000 after buying an additional 258 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of ExlService by 15.0% in the 4th quarter. Fifth Third Bancorp now owns 1,982 shares of the business services provider’s stock worth $84,000 after acquiring an additional 259 shares during the last quarter. Composition Wealth LLC boosted its stake in shares of ExlService by 1.6% in the 4th quarter. Composition Wealth LLC now owns 20,230 shares of the business services provider’s stock valued at $859,000 after purchasing an additional 314 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of ExlService by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 54,274 shares of the business services provider’s stock valued at $2,390,000 after purchasing an additional 318 shares during the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of ExlService by 6.3% during the 3rd quarter. Private Advisor Group LLC now owns 6,038 shares of the business services provider’s stock valued at $266,000 after purchasing an additional 358 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors.

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.