Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have been given an average recommendation of “Hold” by the eight research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $68.25.

Several research analysts have recently weighed in on EXLS shares. BidaskClub raised ExlService from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Zacks Investment Research lowered ExlService from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th. Cantor Fitzgerald reissued a “buy” rating and issued a $71.00 price objective on shares of ExlService in a research report on Monday, May 6th. Barrington Research reissued an “outperform” rating and issued a $79.00 price objective (up from $70.00) on shares of ExlService in a research report on Wednesday, July 31st. Finally, ValuEngine lowered ExlService from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th.

In other news, SVP Ajay Ayyappan sold 1,892 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $63.50, for a total value of $120,142.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Vikas Bhalla sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $66.35, for a total value of $663,500.00. Following the completion of the transaction, the executive vice president now owns 920 shares in the company, valued at approximately $61,042. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Icon Wealth Partners LLC purchased a new position in shares of ExlService in the 1st quarter worth approximately $29,000. Zions Bancorporation N.A. purchased a new position in shares of ExlService in the 1st quarter worth approximately $54,000. Strs Ohio purchased a new position in shares of ExlService in the 2nd quarter worth approximately $72,000. Quantamental Technologies LLC purchased a new position in shares of ExlService in the 1st quarter worth approximately $95,000. Finally, CIBC Asset Management Inc purchased a new position in shares of ExlService in the 2nd quarter worth approximately $200,000. Hedge funds and other institutional investors own 92.60% of the company’s stock.

NASDAQ:EXLS traded up $1.15 during trading hours on Friday, hitting $69.27. 745 shares of the company were exchanged, compared to its average volume of 134,650. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 29.92, a price-to-earnings-growth ratio of 2.75 and a beta of 1.07. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.36. ExlService has a one year low of $44.29 and a one year high of $70.03. The company has a fifty day simple moving average of $66.40 and a 200 day simple moving average of $62.47.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, July 30th. The business services provider reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03. The business had revenue of $243.50 million during the quarter, compared to analyst estimates of $241.67 million. ExlService had a return on equity of 13.60% and a net margin of 4.89%. ExlService’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the company earned $0.67 EPS. Equities research analysts predict that ExlService will post 2.31 earnings per share for the current fiscal year.

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.

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Analyst Recommendations for ExlService (NASDAQ:EXLS)

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