Needham Reaffirms Their Hold Rating on Exlservice Holdings (EXLS)

Needham analyst Mayank Tandon maintained a Hold rating on Exlservice Holdings (EXLS) on January 20. The company’s shares closed last Thursday at $81.49, close to its 52-week high of $89.29.

According to TipRanks.com, Tandon is a top 100 analyst with an average return of 24.2% and a 70.8% success rate. Tandon covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Bottomline Technologies, and Duck Creek Technologies.

Exlservice Holdings has an analyst consensus of Hold, with a price target consensus of $87.33, a 7.0% upside from current levels. In a report issued on January 13, Citigroup also maintained a Hold rating on the stock with a $90.00 price target.

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Based on Exlservice Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $241 million and net profit of $26.42 million. In comparison, last year the company earned revenue of $251 million and had a net profit of $19.04 million.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EXLS in relation to earlier this year. Most recently, in November 2020, Garen Staglin, a Director at EXLS sold 2,500 shares for a total of $199,320.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

ExlService Holdings, Inc. is an operations management and analytics company, which engages in providing business process management. It operates through the following segments: Insurance; Healthcare; Travel, Transportation, and Logistics; Finance and Accounting; Analytics; and All Other. The Insurance segment serves property and casualty insurance, life insurance, disability insurance, annuity, and retirement services companies. The Healthcare segment offers services related to care management or population health, payment integrity, revenue optimization, and customer engagement. The Travel, Transportation, and Logistics segment includes business processes in corporate and leisure travel such as reservations, customer service, fulfilment, and finance and accounting. The Finance and Accounting segment comprises of procure-to-pay, order-to-cash, hire-to-retire, record-to-report, regulatory reporting, financial planning and analysis, audit and assurance, treasury, and tax processes. The Analytics segment consists of driving improved business outcomes for customers by generating data-driven insights. The All Other segment involves in banking, financial, utilities, and consulting services. The company was founded by Vikram Talwar and Rohit Kapoor in April 1999 and is headquartered in New York, NY.

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