ExlService Holdings, Inc. (EXLS) Given Consensus Rating of “Buy” by Brokerages
Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have been assigned an average recommendation of “Buy” from the twelve research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $60.60.
EXLS has been the subject of several research analyst reports. Wells Fargo & Company restated a “market perform” rating and issued a $50.00 price objective (up from $48.00) on shares of ExlService Holdings in a research note on Tuesday, May 23rd. Cantor Fitzgerald restated a “buy” rating and issued a $59.00 price objective on shares of ExlService Holdings in a research note on Tuesday, June 20th. Needham & Company LLC raised their target price on ExlService Holdings from $56.00 to $59.00 and gave the stock 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 target price on the stock in a report on Tuesday, July 4th. Finally, BidaskClub lowered ExlService Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 6th.
In other ExlService Holdings news, EVP Villa Rembert De sold 900 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $56.01, for a total value of $50,409.00. Following the sale, the executive vice president now directly owns 10,697 shares of the company’s stock, valued at $599,138.97. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Rohit Kapoor sold 6,663 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $54.90, for a total value of $365,798.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,134 shares of company stock worth $2,869,900. 5.80% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of ExlService Holdings by 145,337.4% in the first quarter. BlackRock Inc. now owns 3,986,440 shares of the business services provider’s stock worth $188,797,000 after acquiring an additional 3,983,699 shares during the last quarter. FMR LLC boosted its stake in shares of ExlService Holdings by 16.8% in the second quarter. FMR LLC now owns 3,887,355 shares of the business services provider’s stock worth $216,060,000 after acquiring an additional 557,892 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of ExlService Holdings by 2.1% in the second quarter. Vanguard Group Inc. now owns 2,949,034 shares of the business services provider’s stock worth $163,908,000 after acquiring an additional 61,535 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its stake in shares of ExlService Holdings by 0.4% in the second quarter. Aberdeen Asset Management PLC UK now owns 1,173,749 shares of the business services provider’s stock worth $65,237,000 after acquiring an additional 5,158 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of ExlService Holdings by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,173,323 shares of the business services provider’s stock worth $65,214,000 after acquiring an additional 13,095 shares during the last quarter. 94.89% of the stock is currently owned by hedge funds and other institutional investors.
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ExlService Holdings (EXLS) traded up 0.05% during midday trading on Friday, hitting $55.98. The company’s stock had a trading volume of 360,189 shares. ExlService Holdings has a one year low of $42.00 and a one year high of $59.84. The company’s 50-day moving average is $56.16 and its 200 day moving average is $51.72. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 28.40 and a beta of 1.30.
ExlService Holdings (NASDAQ:EXLS) last announced its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.24. ExlService Holdings had a return on equity of 14.34% and a net margin of 9.53%. The firm had revenue of $189.10 million during the quarter, compared to analysts’ expectations of $185.65 million. During the same period last year, the business posted $0.55 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, analysts predict that ExlService Holdings will post $2.61 EPS for the current 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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