ExlService Holdings, Inc. (EXLS) Receives Consensus Rating of “Buy” from Brokerages
Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have earned an average recommendation of “Buy” from the eleven brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $59.80.
A number of analysts have recently weighed in on EXLS shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $56.00 target price (up from $50.00) on shares of ExlService Holdings in a research report on Wednesday, May 3rd. Zacks Investment Research upgraded ExlService Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Wells Fargo & Company reiterated a “market perform” rating and set a $50.00 target price (up from $48.00) on shares of ExlService Holdings in a research report on Tuesday, May 23rd. Needham & Company LLC upped their target price on ExlService Holdings from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Wednesday, June 21st. Finally, BidaskClub downgraded ExlService Holdings from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 6th.
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In other ExlService Holdings news, CEO Rohit Kapoor sold 22,140 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $53.06, for a total value of $1,174,748.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Villa Rembert De sold 900 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 10,697 shares of the company’s stock, valued at approximately $599,138.97. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,142 shares of company stock valued at $4,145,520. Insiders own 5.80% of the company’s stock.
A number of institutional investors have recently modified their holdings of EXLS. 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 valued at $188,797,000 after buying 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 valued at $216,060,000 after buying 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 valued at $163,908,000 after buying 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 valued at $65,237,000 after buying 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 valued at $65,214,000 after buying an additional 13,095 shares during the last quarter. 94.41% of the stock is owned by institutional investors and hedge funds.
ExlService Holdings (NASDAQ:EXLS) traded up 0.34% during mid-day trading on Tuesday, reaching $55.41. 108,359 shares of the company’s stock traded hands. The stock has a market capitalization of $1.87 billion, a PE ratio of 28.11 and a beta of 1.30. ExlService Holdings has a 12 month low of $42.00 and a 12 month high of $59.84. The firm’s 50-day moving average price is $55.81 and its 200 day moving average price is $50.80.
ExlService Holdings (NASDAQ:EXLS) last released its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.24. The business had revenue of $189.10 million during the quarter, compared to the consensus estimate of $185.65 million. ExlService Holdings had a return on equity of 14.34% and a net margin of 9.53%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 EPS. Equities research analysts predict that ExlService Holdings will post $2.61 EPS for the current year.
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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