Barrington Research Reaffirms “Outperform” Rating for ExlService Holdings Inc. (EXLS)
ExlService Holdings Inc. (NASDAQ:EXLS)‘s stock had its “outperform” rating reissued by analysts at Barrington Research in a research report issued on Friday. They presently have a $55.00 target price on the stock. Barrington Research’s target price would indicate a potential upside of 12.13% from the company’s previous close.
Several other research firms have also recently issued reports on EXLS. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $54.00 price target on shares of ExlService Holdings in a research note on Tuesday, July 19th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $56.00 price target on shares of ExlService Holdings in a research note on Wednesday, September 7th. Zacks Investment Research cut shares of ExlService Holdings from a “hold” rating to a “sell” rating in a research note on Monday, June 20th. Finally, Citigroup Inc. decreased their price target on shares of ExlService Holdings from $58.00 to $57.00 and set a “buy” rating on the stock in a research note on Friday, July 29th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $51.90.
ExlService Holdings (NASDAQ:EXLS) opened at 49.05 on Friday. ExlService Holdings has a one year low of $38.52 and a one year high of $54.78. The firm has a market cap of $1.64 billion, a PE ratio of 27.87 and a beta of 1.61. The company has a 50 day moving average of $50.36 and a 200-day moving average of $50.70.
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ExlService Holdings (NASDAQ:EXLS) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.02. ExlService Holdings had a net margin of 9.02% and a return on equity of 13.86%. The company had revenue of $170.50 million for the quarter, compared to analysts’ expectations of $170.65 million. During the same period last year, the company earned $0.48 EPS. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, equities research analysts predict that ExlService Holdings will post $2.32 earnings per share for the current year.
In other news, CEO Rohit Kapoor sold 50,000 shares of the stock in a transaction on Friday, September 16th. The stock was sold at an average price of $48.91, for a total transaction of $2,445,500.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Vikas Bhalla sold 4,062 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $52.50, for a total value of $213,255.00. Following the sale, the executive vice president now owns 2 shares in the company, valued at approximately $105. The disclosure for this sale can be found here. 5.94% of the stock is owned by company insiders.
Several hedge funds have recently made changes to their positions in EXLS. FMR LLC boosted its stake in shares of ExlService Holdings by 10.8% in the second quarter. FMR LLC now owns 3,943,920 shares of the company’s stock valued at $206,701,000 after buying an additional 385,222 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of ExlService Holdings by 3.5% in the second quarter. Vanguard Group Inc. now owns 2,584,524 shares of the company’s stock valued at $135,454,000 after buying an additional 87,915 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of ExlService Holdings by 2.1% in the second quarter. BlackRock Fund Advisors now owns 2,096,303 shares of the company’s stock valued at $109,867,000 after buying an additional 43,616 shares during the last quarter. TimesSquare Capital Management LLC boosted its stake in shares of ExlService Holdings by 1.9% in the second quarter. TimesSquare Capital Management LLC now owns 1,561,481 shares of the company’s stock valued at $81,837,000 after buying an additional 28,750 shares during the last quarter. Finally, Tiverton Asset Management LLC boosted its stake in shares of ExlService Holdings by 1,318.8% in the second quarter. Tiverton Asset Management LLC now owns 972,446 shares of the company’s stock valued at $73,711,000 after buying an additional 903,905 shares during the last quarter. Institutional investors own 95.92% of the company’s stock.
About ExlService Holdings
ExlService Holdings, Inc is an operations management and analytics company. The Company operates through two segments: Operations Management and Analytics. The Company offers operations management solutions to the insurance, healthcare, banking and financial services, utilities, and travel, transportation and logistics industries.
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