ExlService Holdings, Inc. (NASDAQ:EXLS) announced its quarterly earnings results on Thursday. The business services provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.10, Bloomberg Earnings reports. The business had revenue of $189.10 million for the quarter, compared to analyst estimates of $185.65 million. ExlService Holdings had a return on equity of 13.59% and a net margin of 9.22%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 earnings per share. ExlService Holdings updated its FY17 guidance to $2.54-2.64 EPS.

Shares of ExlService Holdings (NASDAQ EXLS) traded up 1.20% during mid-day trading on Thursday, hitting $56.31. The company had a trading volume of 180,954 shares. The firm has a market capitalization of $1.90 billion, a PE ratio of 30.11 and a beta of 1.30. The firm has a 50-day moving average price of $54.64 and a 200-day moving average price of $49.47. ExlService Holdings has a 52 week low of $42.00 and a 52 week high of $58.52.

Several brokerages have issued reports on EXLS. BidaskClub lowered ExlService Holdings from a “buy” rating to a “hold” rating in a report on Monday. Citigroup Inc. lowered ExlService Holdings from a “buy” rating to a “neutral” rating and increased their price target for the stock from $54.00 to $59.00 in a report on Tuesday, July 18th. Zacks Investment Research lowered ExlService Holdings from a “strong-buy” rating to a “hold” rating in a report on Friday, July 14th. Needham & Company LLC increased their price target on ExlService Holdings from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Wednesday, June 21st. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $59.00 price target on shares of ExlService Holdings in a report on Tuesday, June 20th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $57.14.

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In other news, CFO Vishal Chhibbar sold 841 shares of the company’s stock in a transaction 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 in the company, valued at approximately $741,361.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rohit Kapoor sold 43,337 shares of the company’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $55.03, for a total value of $2,384,835.11. The disclosure for this sale can be found here. Insiders sold a total of 115,319 shares of company stock valued at $6,091,925 over the last 90 days. 5.80% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the company. Glen Harbor Capital Management LLC raised its stake in ExlService Holdings by 2.1% in the first quarter. Glen Harbor Capital Management LLC now owns 21,794 shares of the business services provider’s stock valued at $1,032,000 after buying an additional 442 shares during the period. Independent Portfolio Consultants Inc. raised its stake in ExlService Holdings by 4.8% in the first quarter. Independent Portfolio Consultants Inc. now owns 17,710 shares of the business services provider’s stock valued at $839,000 after buying an additional 810 shares during the period. Nationwide Fund Advisors raised its stake in ExlService Holdings by 4.7% in the first quarter. Nationwide Fund Advisors now owns 221,604 shares of the business services provider’s stock valued at $10,495,000 after buying an additional 10,046 shares during the period. State of Alaska Department of Revenue raised its stake in ExlService Holdings by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,700 shares of the business services provider’s stock valued at $175,000 after buying an additional 70 shares during the period. Finally, Capital Impact Advisors LLC raised its stake in ExlService Holdings by 141.8% in the first quarter. Capital Impact Advisors LLC now owns 38,926 shares of the business services provider’s stock valued at $1,844,000 after buying an additional 22,828 shares during the period. Hedge funds and other institutional investors own 95.23% of the company’s stock.

ExlService Holdings Company Profile

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.

Earnings History for ExlService Holdings (NASDAQ:EXLS)

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