ExlService Holdings’ (EXLS) Buy Rating Reaffirmed at Cowen and Company
ExlService Holdings, Inc. (NASDAQ:EXLS)‘s stock had its “buy” rating reaffirmed by equities researchers at Cowen and Company in a note issued to investors on Thursday. They currently have a $54.00 price target on the business services provider’s stock. Cowen and Company’s target price would suggest a potential downside of 10.61% from the stock’s previous close.
Other analysts also recently issued reports about the company. BidaskClub upgraded ExlService Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Needham & Company LLC upped their price objective on ExlService Holdings from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, June 21st. Cantor Fitzgerald restated a “buy” rating and set a $59.00 price objective on shares of ExlService Holdings in a research report on Tuesday, June 20th. Stifel Nicolaus restated a “buy” rating and set a $67.00 price objective (up from $60.00) on shares of ExlService Holdings in a research report on Sunday, July 30th. Finally, Robert W. Baird restated a “buy” rating and set a $62.00 price objective on shares of ExlService Holdings in a research report on Friday, September 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. ExlService Holdings presently has a consensus rating of “Hold” and an average price target of $60.33.
Shares of ExlService Holdings (EXLS) traded up 0.62% during mid-day trading on Thursday, hitting $60.41. The stock had a trading volume of 133,842 shares. The stock’s 50-day moving average price is $57.20 and its 200 day moving average price is $53.41. ExlService Holdings has a 1-year low of $42.00 and a 1-year high of $60.60. The company has a market capitalization of $2.04 billion, a P/E ratio of 30.65 and a beta of 1.27.
ExlService Holdings (NASDAQ:EXLS) last released its earnings results on Thursday, July 27th. The business services provider reported $0.70 earnings per share 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 firm had revenue of $189.10 million during the quarter, compared to the consensus estimate of $185.65 million. During the same period in the prior year, the company posted $0.55 EPS. The company’s revenue 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 fiscal year.
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In other ExlService Holdings news, CFO Vishal Chhibbar sold 7,119 shares of the company’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $59.41, for a total value of $422,939.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rohit Kapoor sold 14,220 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $55.63, for a total value of $791,058.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 286,796 shares of company stock valued at $16,493,582. Insiders own 5.80% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Dubuque Bank & Trust Co. increased its holdings in ExlService Holdings by 2.6% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 4,350 shares of the business services provider’s stock worth $242,000 after purchasing an additional 110 shares in the last quarter. Aperio Group LLC increased its holdings in ExlService Holdings by 29.1% in the 2nd quarter. Aperio Group LLC now owns 13,493 shares of the business services provider’s stock worth $750,000 after purchasing an additional 3,044 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of 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 valued at $735,000 after buying an additional 4,550 shares during the period. Arizona State Retirement System increased its stake in shares of ExlService Holdings by 0.6% in the second quarter. Arizona State Retirement System now owns 17,592 shares of the business services provider’s stock valued at $978,000 after buying an additional 100 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of 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 valued at $136,752,000 after buying an additional 135,087 shares during the period. 94.68% of the stock is owned by institutional investors and hedge funds.
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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