ExlService Holdings, Inc. (EXLS) Given Average Rating of “Buy” by Analysts
ExlService Holdings, Inc. (NASDAQ:EXLS) has earned an average rating of “Buy” from the seven research firms that are currently covering the company. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $55.20.
Several analysts have recently commented on the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $56.00 price objective (up from $50.00) on shares of ExlService Holdings in a research note on Wednesday, May 3rd. Cowen and Company reissued an “outperform” rating and issued a $54.00 price objective on shares of ExlService Holdings in a research note on Tuesday, April 11th. Finally, Zacks Investment Research raised ExlService Holdings from a “sell” rating to a “hold” rating in a research note on Friday, March 31st.
In other news, CFO Vishal Chhibbar sold 841 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $49.50, for a total value of $41,629.50. Following the completion of the sale, the chief financial officer now directly owns 14,977 shares of the company’s stock, valued at $741,361.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Nancy Saltzman sold 1,615 shares of the stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $45.08, for a total value of $72,804.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 224,067 shares of company stock valued at $10,618,107. Company insiders own 5.94% of the company’s stock.
Several hedge funds have recently modified their holdings of EXLS. Capital Fund Management S.A. acquired a new stake in shares of ExlService Holdings during the third quarter worth approximately $912,000. UBS Asset Management Americas Inc. increased its stake in shares of ExlService Holdings by 9.5% in the third quarter. UBS Asset Management Americas Inc. now owns 19,757 shares of the business services provider’s stock worth $985,000 after buying an additional 1,709 shares during the last quarter. BlackRock Advisors LLC increased its stake in shares of ExlService Holdings by 9.3% in the third quarter. BlackRock Advisors LLC now owns 17,075 shares of the business services provider’s stock worth $851,000 after buying an additional 1,449 shares during the last quarter. Rhumbline Advisers increased its stake in shares of ExlService Holdings by 5.8% in the third quarter. Rhumbline Advisers now owns 53,279 shares of the business services provider’s stock worth $2,655,000 after buying an additional 2,907 shares during the last quarter. Finally, BlackRock Group LTD increased its stake in shares of ExlService Holdings by 4.1% in the third quarter. BlackRock Group LTD now owns 51,653 shares of the business services provider’s stock worth $2,575,000 after buying an additional 2,046 shares during the last quarter. 97.73% of the stock is owned by institutional investors.
Shares of ExlService Holdings (NASDAQ:EXLS) traded up 0.08% during midday trading on Friday, reaching $49.98. The company had a trading volume of 48,431 shares. The stock’s 50 day moving average is $47.24 and its 200-day moving average is $47.19. The stock has a market capitalization of $1.68 billion, a PE ratio of 26.73 and a beta of 1.62. ExlService Holdings has a 12-month low of $42.00 and a 12-month high of $54.78.
ExlService Holdings (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, May 2nd. The business services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.46 by $0.14. The firm had revenue of $183.03 million during the quarter, compared to the consensus estimate of $176.96 million. ExlService Holdings had a return on equity of 13.57% and a net margin of 9.04%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.56 earnings per share. On average, equities research analysts predict that ExlService Holdings will post $2.57 earnings per share for the current fiscal year.
About ExlService Holdings
ExlService Holdings, Inc is an operations management and analytics company. The Company segments include Insurance; Healthcare; Travel, Transportation and Logistics; Finance and Accounting (F&A); Analytics, and All Other. The Insurance operating segment serves property and casualty insurance, life insurance, disability insurance, annuity and retirement services companies.
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