Robert W. Baird Increases ExlService Holdings, Inc. (EXLS) Price Target to $66.00
ExlService Holdings, Inc. (NASDAQ:EXLS) had its price target increased by Robert W. Baird from $62.00 to $66.00 in a research report issued to clients and investors on Thursday. The brokerage currently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s target price would indicate a potential upside of 9.25% from the company’s current price.
Other equities research analysts have also recently issued reports about the company. Cowen and Company reaffirmed a “buy” rating and set a $54.00 price target on shares of ExlService Holdings in a report on Friday, July 28th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $60.00 price target on shares of ExlService Holdings in a report on Monday. BidaskClub raised ExlService Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Wedbush assumed coverage on ExlService Holdings in a report on Thursday, August 3rd. They set a “neutral” rating and a $63.00 price target for the company. Finally, Bank of America Corporation cut ExlService Holdings from a “buy” rating to an “underperform” rating and set a $55.00 price target for the company. in a report on Wednesday, August 9th. One 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’s stock. ExlService Holdings has a consensus rating of “Hold” and a consensus price target of $60.33.
Shares of ExlService Holdings (EXLS) traded up 0.62% on Thursday, reaching $60.41. The company had a trading volume of 133,842 shares. The firm has a market capitalization of $2.04 billion, a PE ratio of 30.65 and a beta of 1.27. The company’s 50-day moving average is $57.04 and its 200 day moving average is $53.36. ExlService Holdings has a 12 month low of $42.00 and a 12 month high of $60.60.
ExlService Holdings (NASDAQ:EXLS) last issued its earnings results on Thursday, July 27th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $189.10 million during the quarter, compared to analysts’ expectations of $185.65 million. During the same period in the prior year, the firm posted $0.55 EPS. ExlService Holdings’s quarterly revenue was up 10.9% compared to the same quarter last year. Equities analysts forecast that ExlService Holdings will post $2.61 earnings per share for the current year.
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In other news, EVP Villa Rembert De sold 900 shares of ExlService Holdings stock in a transaction 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 completion of the sale, the executive vice president now directly owns 10,697 shares of the company’s stock, valued at approximately $599,138.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vishal Chhibbar sold 2,019 shares of ExlService Holdings stock in a transaction on Friday, October 6th. The shares were sold at an average price of $59.40, for a total value of $119,928.60. Following the completion of the sale, the chief financial officer now directly owns 5,100 shares of the company’s stock, valued at $302,940. The disclosure for this sale can be found here. Insiders sold a total of 271,438 shares of company stock valued at $15,578,092 over the last three months. Insiders own 5.80% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXLS. Huntington National Bank increased its stake in shares of ExlService Holdings by 82.8% in the 2nd quarter. Huntington National Bank now owns 2,007 shares of the business services provider’s stock valued at $112,000 after buying an additional 909 shares during the period. Riverhead Capital Management LLC increased its stake in shares of ExlService Holdings by 61.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,264 shares of the business services provider’s stock valued at $126,000 after buying an additional 864 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in shares of ExlService Holdings in the 1st quarter valued at $133,000. Victory Capital Management Inc. increased its stake in shares of ExlService Holdings by 72.6% in the 1st quarter. Victory Capital Management Inc. now owns 3,918 shares of the business services provider’s stock valued at $186,000 after buying an additional 1,648 shares during the period. Finally, Personal Capital Advisors Corp acquired a new stake in shares of ExlService Holdings in the 2nd quarter valued at $212,000. 94.68% of the stock is owned by institutional investors.
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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