ExlService Holdings, Inc. (NASDAQ:EXLS), a data analytics and digital operations company, has garnered a consensus “Buy” rating from six brokerages currently covering the firm, according to Marketbeat.com. The average 12-month price target among analysts who have recently updated their coverage on the stock stands at $39.67. Notably, all six equities research analysts have recommended buying the shares.
In recent research reports, Citigroup raised its target price on ExlService from $37.00 to $38.00 and reiterated a “buy” rating. Similarly, Needham & Company LLC maintained a “buy” rating with a price objective of $40.00. Jefferies Financial Group upgraded the stock from “hold” to “buy” and raised its price target from $35.00 to $42.00. JPMorgan Chase & Co. also increased its target price from $38.00 to $41.00, giving the company an “overweight” rating.
ExlService recently reported its quarterly earnings, beating the consensus estimate with earnings per share (EPS) of $0.40, surpassing the expected $0.39 by $0.01. The company’s revenue for the quarter was $448.40 million, exceeding analyst estimates of $444.61 million. ExlService’s net margin stood at 10.45%, and it achieved a return on equity of 22.92%. The firm’s revenue grew by 10.7% year-over-year.
CEO Rohit Kapoor sold 40,000 shares of ExlService stock on August 8th at an average price of $34.05, totaling $1,362,000. Following this transaction, Kapoor now holds 1,509,588 shares of the company, valued at approximately $51,401,471.40. Insider Vivek Jetley also sold 6,000 shares on July 12th at an average price of $32.75, amounting to $196,500. Jetley now owns 328,657 shares valued at $10,763,516.75. Insiders have sold a total of 163,625 shares, worth $5,685,581, in the past three months. Insiders currently own 3.75% of the company’s stock.
Institutional investors and hedge funds have made adjustments to their positions in ExlService. PNC Financial Services Group Inc. increased its stake by 4.3% in the fourth quarter, now owning 16,867 shares. UBS Group AG raised its stake by 114.7% during the same period, holding 229,480 shares. Wells Fargo & Company MN lifted its position by 7.2% in the fourth quarter, now owning 249,882 shares. Orion Portfolio Solutions LLC increased its position by 7.8% in the same period, holding 16,649 shares. Parallel Advisors LLC also raised its holdings by 44.6% in the fourth quarter, now owning 1,186 shares.
ExlService Holdings operates as a data analytics, digital operations, and solutions company, with segments including Insurance, Healthcare, Analytics, and Emerging Business. The company offers digital operations and solutions, analytics-driven services, and digital customer acquisition services using advanced automation, artificial intelligence, and machine learning technologies.