ExlService Holdings, Inc. (NASDAQ:EXLS)‘s stock had its “buy” rating reaffirmed by equities research analysts at Cantor Fitzgerald in a research report issued on Thursday, October 26th. They currently have a $64.00 price target on the business services provider’s stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 4.40% from the company’s current price.
A number of other equities research analysts have also recently issued reports on the stock. Cowen and Company reissued a “buy” rating and issued a $54.00 target price on shares of ExlService Holdings in a research report on Thursday, October 12th. Robert W. Baird upped their price objective on shares of ExlService Holdings from $62.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, October 12th. SunTrust Banks, Inc. reissued a “hold” rating and set a $60.00 target price on shares of ExlService Holdings in a research note on Monday, October 9th. Zacks Investment Research downgraded ExlService Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, Bank of America Corporation downgraded ExlService Holdings from a “buy” rating to an “underperform” rating and set a $55.00 target price for the company. in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $62.33.
ExlService Holdings (NASDAQ:EXLS) opened at $61.30 on Thursday. The firm has a market cap of $2,080.71, a price-to-earnings ratio of 25.54, a P/E/G ratio of 2.12 and a beta of 1.30. ExlService Holdings has a fifty-two week low of $42.96 and a fifty-two week high of $62.92. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.08.
ExlService Holdings (NASDAQ:EXLS) last released its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.03. The firm had revenue of $192.30 million during the quarter, compared to analysts’ expectations of $191.20 million. ExlService Holdings had a net margin of 9.94% and a return on equity of 14.81%. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 earnings per share. analysts anticipate that ExlService Holdings will post 2.12 EPS for the current year.
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In other news, CEO Rohit Kapoor sold 16,206 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $62.56, for a total transaction of $1,013,847.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vishal Chhibbar sold 7,119 shares of ExlService Holdings stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $59.41, for a total value of $422,939.79. The disclosure for this sale can be found here. Insiders sold a total of 383,158 shares of company stock valued at $22,369,537 over the last three months. 5.80% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in EXLS. BlackRock Inc. increased its holdings in ExlService Holdings by 145,337.4% in the 1st quarter. BlackRock Inc. now owns 3,986,440 shares of the business services provider’s stock worth $188,797,000 after acquiring an additional 3,983,699 shares during the last quarter. FMR LLC boosted its stake in ExlService Holdings by 16.8% in the 2nd quarter. FMR LLC now owns 3,887,355 shares of the business services provider’s stock worth $216,060,000 after purchasing an additional 557,892 shares during the period. Neumeier Poma Investment Counsel LLC bought a new position in ExlService Holdings in the 2nd quarter worth about $11,108,000. Macquarie Group Ltd. boosted its stake in ExlService Holdings by 30.5% in the 2nd quarter. Macquarie Group Ltd. now owns 841,679 shares of the business services provider’s stock worth $46,781,000 after purchasing an additional 196,843 shares during the period. Finally, Vanguard Group Inc. boosted its stake in ExlService Holdings by 4.9% in the 1st 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. 94.05% 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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