Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have been given an average rating of “Hold” by the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $63.20.

Several brokerages have weighed in on EXLS. ValuEngine cut ExlService from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Cantor Fitzgerald reiterated a “buy” rating and issued a $71.00 target price on shares of ExlService in a report on Monday, May 6th. BidaskClub raised ExlService from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. Zacks Investment Research lowered ExlService from a “hold” rating to a “sell” rating in a research report on Tuesday, April 9th. Finally, Citigroup boosted their price target on ExlService from $56.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st.

In other news, VP Nagaraja Srivatsan sold 1,416 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $61.65, for a total value of $87,296.40. Following the completion of the transaction, the vice president now directly owns 542 shares of the company’s stock, valued at approximately $33,414.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Pavan Bagai sold 5,000 shares of the business’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $61.86, for a total value of $309,300.00. Following the completion of the transaction, the chief operating officer now directly owns 45,861 shares of the company’s stock, valued at $2,836,961.46. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,238 shares of company stock valued at $2,322,280. Corporate insiders own 3.60% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Hsbc Holdings PLC increased its holdings in shares of ExlService by 14.8% in the first quarter. Hsbc Holdings PLC now owns 16,349 shares of the business services provider’s stock valued at $982,000 after purchasing an additional 2,113 shares during the last quarter. Pinebridge Investments L.P. increased its holdings in shares of ExlService by 191.0% in the first quarter. Pinebridge Investments L.P. now owns 25,394 shares of the business services provider’s stock valued at $1,524,000 after purchasing an additional 16,669 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of ExlService by 11.4% in the first quarter. Geode Capital Management LLC now owns 423,163 shares of the business services provider’s stock valued at $25,398,000 after purchasing an additional 43,338 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of ExlService by 6.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 250,390 shares of the business services provider’s stock valued at $15,029,000 after purchasing an additional 15,223 shares during the last quarter. Finally, Fort L.P. increased its holdings in shares of ExlService by 9.2% in the first quarter. Fort L.P. now owns 14,853 shares of the business services provider’s stock valued at $891,000 after purchasing an additional 1,255 shares during the last quarter. 93.59% of the stock is currently owned by institutional investors.

Shares of EXLS stock traded up $0.51 during mid-day trading on Friday, hitting $60.17. The stock had a trading volume of 530 shares, compared to its average volume of 110,791. ExlService has a 12-month low of $44.29 and a 12-month high of $67.06. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 26.05, a P/E/G ratio of 2.32 and a beta of 1.12. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.48.

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

ExlService Company Profile

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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