Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have received an average rating of “Hold” from the nine research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $63.20.

A number of brokerages have recently weighed in on EXLS. BidaskClub upgraded shares of ExlService from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 15th. Robert W. Baird cut shares of ExlService from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $66.00 to $63.00 in a research note on Friday, March 1st. Citigroup boosted their price objective on shares of ExlService from $56.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Zacks Investment Research cut shares of ExlService from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. Finally, ValuEngine upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, February 2nd.

Shares of ExlService stock traded down $0.72 on Monday, reaching $60.28. The stock had a trading volume of 77,844 shares, compared to its average volume of 115,437. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.43. ExlService has a fifty-two week low of $44.29 and a fifty-two week high of $67.06. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 2.37 and a beta of 1.15.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Thursday, February 28th. The business services provider reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.04. ExlService had a net margin of 6.42% and a return on equity of 13.82%. The business had revenue of $234.90 million during the quarter, compared to analysts’ expectations of $233.83 million. During the same period in the previous year, the company earned $0.67 earnings per share. ExlService’s revenue for the quarter was up 18.7% on a year-over-year basis. As a group, research analysts predict that ExlService will post 2.33 earnings per share for the current year.

In related news, COO Pavan Bagai sold 5,000 shares of the company’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $58.18, for a total transaction of $290,900.00. Following the completion of the transaction, the chief operating officer now directly owns 62,861 shares in the company, valued at approximately $3,657,252.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Nalin Kumar Miglani sold 2,030 shares of the company’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $62.29, for a total transaction of $126,448.70. Following the transaction, the executive vice president now owns 992 shares of the company’s stock, valued at $61,791.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,597 shares of company stock valued at $2,863,145. Corporate insiders own 4.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Private Capital Group LLC increased its holdings in ExlService by 36.9% in the 4th quarter. Private Capital Group LLC now owns 917 shares of the business services provider’s stock valued at $48,000 after buying an additional 247 shares during the period. Amundi Pioneer Asset Management Inc. bought a new stake in ExlService in the 4th quarter valued at $179,000. Tandem Investment Advisors Inc. bought a new stake in ExlService in the 4th quarter valued at $229,000. Amalgamated Bank bought a new stake in ExlService in the 4th quarter valued at $277,000. Finally, Advisor Group Inc. increased its holdings in ExlService by 6.5% in the 4th quarter. Advisor Group Inc. now owns 7,504 shares of the business services provider’s stock valued at $394,000 after buying an additional 460 shares during the period. Hedge funds and other institutional investors own 94.13% of the company’s stock.

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.

Read More: What is Net Asset Value (NAV)?

Analyst Recommendations for ExlService (NASDAQ:EXLS)

Receive News & Ratings for ExlService Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExlService and related companies with MarketBeat.com's FREE daily email newsletter.