ExlService Holdings, Inc. (NASDAQ:EXLS) – Investment analysts at Wedbush raised their Q1 2018 earnings per share (EPS) estimates for shares of ExlService in a report issued on Tuesday. Wedbush analyst M. Katri now expects that the business services provider will post earnings of $0.55 per share for the quarter, up from their prior forecast of $0.50. Wedbush also issued estimates for ExlService’s Q2 2018 earnings at $0.55 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.62 EPS, FY2018 earnings at $2.35 EPS, Q1 2019 earnings at $0.60 EPS, Q2 2019 earnings at $0.64 EPS, Q3 2019 earnings at $0.66 EPS, Q4 2019 earnings at $0.63 EPS and FY2019 earnings at $2.53 EPS.
ExlService (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 consensus estimate of $0.65 by $0.03. The firm had revenue of $192.30 million for the quarter, compared to the consensus estimate of $191.20 million. ExlService had a return on equity of 14.81% and a net margin of 9.94%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 earnings per share.
EXLS has been the topic of several other research reports. Barrington Research increased their target price on ExlService from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. BidaskClub downgraded ExlService from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. ValuEngine downgraded ExlService from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research downgraded ExlService from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Needham & Company LLC restated a “buy” rating and set a $68.00 target price (up previously from $60.00) on shares of ExlService in a research report on Sunday, October 29th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. ExlService currently has an average rating of “Hold” and an average price target of $62.42.
ExlService (EXLS) traded up $0.72 during trading hours on Thursday, hitting $62.15. The company’s stock had a trading volume of 86,900 shares, compared to its average volume of 89,213. The stock has a market capitalization of $2,110.00, a P/E ratio of 29.45, a P/E/G ratio of 1.93 and a beta of 1.26. ExlService has a 12-month low of $44.25 and a 12-month high of $63.35. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.08.
In related news, CEO Rohit Kapoor sold 931 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $62.50, for a total value of $58,187.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Nalin Kumar Miglani sold 3,526 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $60.37, for a total value of $212,864.62. The disclosure for this sale can be found here. Insiders sold 55,340 shares of company stock worth $3,427,555 in the last quarter. 5.80% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. increased its stake in ExlService by 1.5% in the second quarter. Pinebridge Investments L.P. now owns 4,437 shares of the business services provider’s stock valued at $246,000 after acquiring an additional 67 shares during the last quarter. 1st Global Advisors Inc. increased its stake in ExlService by 1.1% in the second quarter. 1st Global Advisors Inc. now owns 9,138 shares of the business services provider’s stock valued at $508,000 after acquiring an additional 100 shares during the last quarter. Amalgamated Bank increased its stake in ExlService by 5.2% in the second quarter. Amalgamated Bank now owns 4,539 shares of the business services provider’s stock valued at $252,000 after acquiring an additional 225 shares during the last quarter. Victory Capital Management Inc. increased its stake in ExlService by 17.7% in the second quarter. Victory Capital Management Inc. now owns 4,610 shares of the business services provider’s stock valued at $256,000 after acquiring an additional 692 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in ExlService by 6.8% in the third quarter. SG Americas Securities LLC now owns 13,459 shares of the business services provider’s stock valued at $785,000 after acquiring an additional 862 shares during the last quarter. 92.13% of the stock is currently owned by institutional investors and hedge funds.
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ExlService 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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