ExlService Holdings, Inc. (NASDAQ:EXLS) Director Garen K. Staglin sold 5,631 shares of ExlService stock in a transaction that occurred on Wednesday, October 10th. The stock was sold at an average price of $63.50, for a total transaction of $357,568.50. Following the completion of the sale, the director now directly owns 24,477 shares in the company, valued at approximately $1,554,289.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
EXLS stock traded down $0.94 during midday trading on Friday, reaching $59.80. 206,000 shares of the company’s stock traded hands, compared to its average volume of 132,309. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.57 and a quick ratio of 3.57. ExlService Holdings, Inc. has a 52 week low of $52.52 and a 52 week high of $67.06. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 2.29 and a beta of 1.28.
ExlService (NASDAQ:EXLS) last issued its earnings results on Thursday, August 2nd. The business services provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.14. ExlService had a net margin of 6.11% and a return on equity of 14.25%. The business had revenue of $210.11 million for the quarter, compared to analysts’ expectations of $209.30 million. During the same quarter in the previous year, the firm posted $0.70 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. Equities research analysts anticipate that ExlService Holdings, Inc. will post 2.22 EPS for the current year.
Hedge funds have recently modified their holdings of the business. Bank of Montreal Can bought a new stake in ExlService during the 2nd quarter valued at $286,000. Measured Wealth Private Client Group LLC bought a new stake in ExlService during the 2nd quarter valued at $301,000. Atria Investments LLC bought a new stake in ExlService during the 2nd quarter valued at $322,000. We Are One Seven LLC bought a new stake in ExlService during the 3rd quarter valued at $351,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in ExlService during the 2nd quarter valued at $412,000. 91.44% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on the stock. BidaskClub cut shares of ExlService from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 4th. Barrington Research reaffirmed a “buy” rating and issued a $70.00 price target on shares of ExlService in a report on Tuesday, September 25th. ValuEngine raised shares of ExlService from a “hold” rating to a “buy” rating in a report on Saturday, September 1st. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $71.00 price target on shares of ExlService in a report on Thursday, August 2nd. Finally, Zacks Investment Research cut shares of ExlService from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. ExlService has a consensus rating of “Buy” and a consensus price target of $64.00.
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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