ExlService Holdings, Inc. (NASDAQ:EXLS)‘s stock had its “buy” rating reissued by equities research analysts at Cowen and Company in a report released on Thursday. They currently have a $54.00 target price on the business services provider’s stock. Cowen and Company’s price objective would suggest a potential downside of 10.06% from the company’s previous close.

Several other brokerages also recently issued reports on EXLS. Robert W. Baird reaffirmed a “buy” rating and issued a $66.00 price objective (up previously from $62.00) on shares of ExlService Holdings in a research report on Thursday. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $60.00 price objective on shares of ExlService Holdings in a research report on Monday. Zacks Investment Research raised shares of ExlService Holdings from a “hold” rating to a “strong-buy” rating and set a $66.00 price objective for the company in a research report on Tuesday, August 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $60.00 price objective (up previously from $59.00) on shares of ExlService Holdings in a research report on Sunday, July 30th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $67.00 price objective (up previously from $60.00) on shares of ExlService Holdings in a research report on Sunday, July 30th. 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 stock. The stock currently has a consensus rating of “Hold” and an average price target of $60.33.

ExlService Holdings (EXLS) traded up 0.67% on Thursday, reaching $60.44. 58,027 shares of the company’s stock traded hands. The firm has a market capitalization of $2.04 billion, a P/E ratio of 30.66 and a beta of 1.27. The stock has a 50-day moving average of $57.04 and a 200 day moving average of $53.36. ExlService Holdings has a 52 week low of $42.00 and a 52 week high of $60.51.

ExlService Holdings (NASDAQ:EXLS) last issued its quarterly earnings data 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. ExlService Holdings had a net margin of 9.53% and a return on equity of 14.34%. The company had revenue of $189.10 million during the quarter, compared to the consensus estimate of $185.65 million. During the same quarter last year, the company earned $0.55 earnings per share. ExlService Holdings’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, equities analysts expect that ExlService Holdings will post $2.61 EPS for the current fiscal year.

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In other news, CEO Rohit Kapoor sold 42,118 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $58.96, for a total transaction of $2,483,277.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vishal Chhibbar sold 7,119 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $59.41, for a total transaction of $422,939.79. The disclosure for this sale can be found here. Insiders have sold 271,438 shares of company stock valued at $15,578,092 in the last three months. Corporate insiders own 5.80% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Dubuque Bank & Trust Co. boosted its holdings in ExlService Holdings by 2.6% in the second 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 during the period. Aperio Group LLC boosted its holdings in ExlService Holdings by 29.1% in the second 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 during the period. UBS Asset Management Americas Inc. boosted its holdings in 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 worth $735,000 after purchasing an additional 4,550 shares during the period. Arizona State Retirement System boosted its holdings in 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 worth $978,000 after purchasing an additional 100 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in 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 worth $136,752,000 after purchasing an additional 135,087 shares during the period. 94.68% of the stock is owned by hedge funds and other 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.

Analyst Recommendations for ExlService Holdings (NASDAQ:EXLS)

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