ExlService Holdings, Inc. (NASDAQ:EXLS)‘s stock had its “buy” rating restated by analysts at Stifel Nicolaus in a report issued on Thursday, October 26th. They presently have a $67.00 price target on the business services provider’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 9.30% from the company’s previous close.
Several other equities analysts have also issued reports on EXLS. Wedbush reiterated a “neutral” rating and issued a $63.00 price objective on shares of ExlService Holdings in a research report on Wednesday, August 9th. BidaskClub cut ExlService Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Cowen and Company restated a “buy” rating and issued a $54.00 target price on shares of ExlService Holdings in a research note on Friday, July 28th. Needham & Company LLC restated a “buy” rating and issued a $60.00 target price (up previously from $59.00) on shares of ExlService Holdings in a research note on Sunday, July 30th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $64.00 target price on shares of ExlService Holdings in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $62.33.
ExlService Holdings (NASDAQ EXLS) traded down $0.33 during trading on Thursday, hitting $61.30. The stock had a trading volume of 93,400 shares, compared to its average volume of 127,072. 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 52 week low of $42.96 and a 52 week high of $62.92. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.81 and a quick ratio of 3.81.
ExlService Holdings (NASDAQ:EXLS) last posted its earnings results on Thursday, October 26th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.03. The company had revenue of $192.30 million during the quarter, compared to analyst estimates of $191.20 million. ExlService Holdings had a return on equity of 14.81% and a net margin of 9.94%. 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 company earned $0.61 EPS. equities research analysts expect that ExlService Holdings will post 2.12 EPS for the current fiscal year.
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In related news, Director Clyde W. Ostler sold 6,916 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $62.10, for a total transaction of $429,483.60. Following the completion of the sale, the director now directly owns 6,916 shares in the company, valued at approximately $429,483.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Rohit Kapoor sold 35,780 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $55.79, for a total value of $1,996,166.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 383,158 shares of company stock worth $22,369,537. Insiders own 5.80% of the company’s stock.
A number of institutional investors have recently bought and sold shares of EXLS. BlackRock Inc. raised its position in 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 purchasing an additional 3,983,699 shares during the last quarter. FMR LLC raised its position in 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 purchasing an additional 557,892 shares during the last quarter. Neumeier Poma Investment Counsel LLC bought a new position in ExlService Holdings in the second quarter valued at about $11,108,000. Macquarie Group Ltd. raised its position in ExlService Holdings by 30.5% in the second quarter. Macquarie Group Ltd. now owns 841,679 shares of the business services provider’s stock valued at $46,781,000 after purchasing an additional 196,843 shares during the last quarter. Finally, Vanguard Group Inc. raised its position 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 valued at $136,752,000 after purchasing an additional 135,087 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.
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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