ExcelService Holdings, Inc. (NASDAQ:EXLS) Given Consensus Recommendation of “Hold” by Brokerages

ExcelService Holdings, Inc. (NASDAQ:EXLS – Get Rating) has received a consensus rating of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $147.00.

EXLS has been the topic of a number of recent research reports. Citigroup increased their price target on shares of ExlService from $127.00 to $149.00 in a report on Wednesday, April 20th. Robert W. Baird increased their price objective on shares of ExlService from $138.00 to $146.00 in a research note on Thursday, April 14th. Cowen decreased their target price on shares of ExlService from $160.00 to $155.00 and set an “outperform” rating for the company in a research report on Friday, June 17th. StockNews.com downgraded ExlService from a “buy” rating to a “hold” rating in a research report on Friday, June 17th. Finally, Cowen decreased their price objective on ExlService from $160.00 to $155.00 in a report on Friday, June 17th.

In other news, Director Garen K. Staglin sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of $148.04, for a total value of $370,100.00. Following the completion of the sale, the director now directly owns 28,174 shares in the company, valued at $4,170,878.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.60% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of ExlService by 1.4% during the 1st quarter. BlackRock Inc. now owns 5,054,281 shares of the business services provider’s stock worth $724,125,000 after purchasing an additional 67,935 shares during the last quarter. Vanguard Group Inc. boosted its holdings in ExlService by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 3,611,608 shares of the business services provider’s stock worth $517,436,000 after buying an additional 45,534 shares during the last quarter. State Street Corp increased its stake in ExlService by 3.0% during the 1st quarter. State Street Corp now owns 1,086,277 shares of the business services provider’s stock worth $155,631,000 after buying an additional 31,277 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of ExlService by 49.0% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 658,644 shares of the business services provider’s stock valued at $94,364,000 after acquiring an additional 216,548 shares during the last quarter. Finally, Vaughan Nelson Investment Management LP lifted its position in shares of ExlService by 7.2% in the first quarter. Vaughan Nelson Investment Management LP now owns 619,320 shares of the business services provider’s stock valued at $88,730,000 after acquiring an additional 41,805 shares in the last quarter. 94.71% of the stock is owned by institutional investors and hedge funds.

NASDAQ:EXLS opened at $148.29 on Friday. The company has a market capitalization of $4.94 billion, a P/E ratio of 42.61, a PEG ratio of 2.51 and a beta of 0.90. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.37. ExlService has a 12 month low of $105.07 and a 12 month high of $156.15. The firm has a fifty day simple moving average of $139.89 and a 200-day simple moving average of $134.80.

ExlService (NASDAQ:EXLS – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The business services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.19. The company had revenue of $329.20 million during the quarter, compared to analysts’ expectations of $307.04 million. ExlService had a return on equity of 20.12% and a net margin of 10.00%. The firm’s revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.02 EPS. Equities analysts forecast that ExlService will post 4.54 EPS for the current year.

About ExlService (Get Rating)

ExlService Holdings, Inc. operates as a data analytics, and digital operations and solutions company in the United States and internationally. It operates through Insurance, Healthcare, Analytics, and Emerging Business segments. The company provides digital operations and solutions and analytics-driven services across the insurance industry in areas such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit. , surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.

Further reading

Analyst Recommendations for ExlService (NASDAQ:EXLS)

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