ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Vikas Bhalla sold 6,122 shares of the company’s stock in a transaction dated Monday, July 9th. The stock was sold at an average price of $60.00, for a total transaction of $367,320.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of ExlService traded up $1.11, hitting $60.92, on Wednesday, according to MarketBeat Ratings. The company’s stock had a trading volume of 162,227 shares, compared to its average volume of 141,393. ExlService Holdings, Inc. has a 12-month low of $52.50 and a 12-month high of $64.34. The company has a market capitalization of $2.06 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 2.04 and a beta of 1.17. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.15 and a quick ratio of 4.15.
ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, May 1st. The business services provider reported $0.64 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.64. ExlService had a net margin of 7.03% and a return on equity of 15.05%. The company had revenue of $206.97 million for the quarter, compared to the consensus estimate of $203.78 million. During the same quarter in the prior year, the firm earned $0.60 earnings per share. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. analysts forecast that ExlService Holdings, Inc. will post 2.26 EPS for the current fiscal year.
Several research analysts have weighed in on the stock. BidaskClub upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Investment Research lowered shares of ExlService from a “hold” rating to a “sell” rating in a research report on Tuesday, June 12th. Barrington Research set a $70.00 target price on shares of ExlService and gave the stock a “buy” rating in a research report on Tuesday, May 1st. ValuEngine lowered shares of ExlService from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, SunTrust Banks upgraded shares of ExlService from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Friday, June 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $62.64.
Hedge funds and other institutional investors have recently made changes to their positions in the business. We Are One Seven LLC purchased a new stake in shares of ExlService in the fourth quarter valued at about $191,000. Allianz Asset Management GmbH purchased a new stake in shares of ExlService in the fourth quarter valued at about $204,000. Virtu Financial LLC purchased a new stake in shares of ExlService in the fourth quarter valued at about $323,000. Advisor Group Inc. lifted its holdings in shares of ExlService by 363.7% in the fourth quarter. Advisor Group Inc. now owns 6,330 shares of the business services provider’s stock valued at $382,000 after purchasing an additional 4,965 shares in the last quarter. Finally, Xact Kapitalforvaltning AB purchased a new stake in shares of ExlService in the fourth quarter valued at about $408,000. 90.79% of the stock is currently owned by institutional investors.
ExlService Company Profile
ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.
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