ExlService Holdings, Inc. (EXLS) Earns Buy Rating from Robert W. Baird
ExlService Holdings, Inc. (NASDAQ:EXLS)‘s stock had its “buy” rating reissued by Robert W. Baird in a report issued on Friday. They currently have a $62.00 target price on the business services provider’s stock. Robert W. Baird’s price target would suggest a potential upside of 11.53% from the stock’s previous close.
A number of other equities analysts have also recently commented on EXLS. Wells Fargo & Company reissued a “market perform” rating and set a $50.00 target price (up previously from $48.00) on shares of ExlService Holdings in a report on Tuesday, May 23rd. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $59.00 price target on shares of ExlService Holdings in a report on Tuesday, June 20th. Needham & Company LLC increased their price target on ExlService Holdings from $56.00 to $59.00 and gave the company a “buy” rating in a report on Wednesday, June 21st. Zacks Investment Research raised ExlService Holdings from a “hold” rating to a “strong-buy” rating and set a $64.00 price target for the company in a report on Tuesday, July 4th. Finally, BidaskClub cut ExlService Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $60.00.
ExlService Holdings (NASDAQ EXLS) traded down 0.32% during trading on Friday, reaching $55.59. The company’s stock had a trading volume of 155,043 shares. The stock has a 50-day moving average of $56.05 and a 200 day moving average of $51.41. ExlService Holdings has a one year low of $42.00 and a one year high of $59.84. The firm has a market capitalization of $1.88 billion, a P/E ratio of 28.20 and a beta of 1.30.
ExlService Holdings (NASDAQ:EXLS) last announced its earnings results on Thursday, July 27th. The business services provider reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.24. ExlService Holdings had a return on equity of 14.34% and a net margin of 9.53%. The business had revenue of $189.10 million during the quarter, compared to analysts’ expectations of $185.65 million. During the same quarter in the prior year, the firm earned $0.55 earnings per share. The business’s revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts predict that ExlService Holdings will post $2.61 EPS for the current fiscal year.
In related news, CFO Vishal Chhibbar sold 1,234 shares of the stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $55.80, for a total value of $68,857.20. Following the completion of the transaction, the chief financial officer now directly owns 7,119 shares in the company, valued at $397,240.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rohit Kapoor sold 43,337 shares of the stock in a transaction that occurred 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 52,134 shares of company stock valued at $2,869,900 over the last quarter. 5.80% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Dubuque Bank & Trust Co. grew its position in ExlService Holdings by 2.6% in the second quarter. Dubuque Bank & Trust Co. now owns 4,350 shares of the business services provider’s stock worth $242,000 after acquiring an additional 110 shares during the period. UBS Asset Management Americas Inc. grew its position in ExlService Holdings by 41.5% in the first quarter. UBS Asset Management Americas Inc. now owns 15,517 shares of the business services provider’s stock worth $735,000 after acquiring an additional 4,550 shares during the period. Aperio Group LLC grew its position in ExlService Holdings by 29.1% in the second quarter. Aperio Group LLC now owns 13,493 shares of the business services provider’s stock worth $750,000 after acquiring an additional 3,044 shares during the period. Vanguard Group Inc. grew its position in ExlService Holdings by 4.9% in the first quarter. Vanguard Group Inc. now owns 2,887,499 shares of the business services provider’s stock worth $136,752,000 after acquiring an additional 135,087 shares during the period. Finally, US Bancorp DE grew its position in ExlService Holdings by 43.4% in the first quarter. US Bancorp DE now owns 13,776 shares of the business services provider’s stock worth $652,000 after acquiring an additional 4,169 shares during the period. Institutional investors own 94.89% 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.
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