ExlService Holdings, Inc. (NASDAQ:EXLS) – Equities research analysts at Wedbush lifted their Q1 2018 earnings estimates for ExlService in a research note issued on Tuesday, according to Zacks Investment Research. Wedbush analyst M. Katri now expects that the business services provider will earn $0.55 per share for the quarter, up from their previous estimate 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 released its earnings results on Thursday, October 26th. The business services provider reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.03. ExlService had a net margin of 9.94% and a return on equity of 14.81%. The business had revenue of $192.30 million for the quarter, compared to analyst estimates of $191.20 million. During the same period last year, the company posted $0.61 EPS. The business’s revenue was up 12.3% on a year-over-year basis.
A number of other research firms have also weighed in on EXLS. Citigroup raised their target price on shares of ExlService from $59.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. BidaskClub lowered shares of ExlService from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Barrington Research raised their target price on shares of ExlService from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $67.00 price target on shares of ExlService in a research report on Thursday, October 26th. Finally, Zacks Investment Research raised shares of ExlService from a “sell” rating to a “buy” rating and set a $69.00 price target on the stock in a research report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $62.42.
ExlService (EXLS) traded down $0.51 on Thursday, reaching $62.97. 108,400 shares of the company’s stock were exchanged, compared to its average volume of 95,042. 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 has a twelve month low of $44.25 and a twelve month high of $63.86. The stock has a market cap of $2,154.70, a price-to-earnings ratio of 29.84, a price-to-earnings-growth ratio of 1.98 and a beta of 1.26.
In related news, Director Clyde W. Ostler sold 6,916 shares of ExlService stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $62.10, for a total value of $429,483.60. Following the completion of the sale, the director now owns 6,916 shares in the company, valued at approximately $429,483.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rohit Kapoor sold 931 shares of ExlService stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $62.50, for a total transaction of $58,187.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,340 shares of company stock worth $3,427,555. Corporate insiders own 5.80% of the company’s stock.
A number of institutional investors have recently bought and sold shares of EXLS. Riverhead Capital Management LLC increased its holdings in ExlService by 61.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,264 shares of the business services provider’s stock valued at $126,000 after purchasing an additional 864 shares during the last quarter. ETRADE Capital Management LLC acquired a new position in shares of ExlService in the third quarter worth $216,000. GSA Capital Partners LLP acquired a new position in shares of ExlService in the second quarter worth $234,000. Pinebridge Investments L.P. grew its stake in shares of ExlService by 1.5% in the second quarter. Pinebridge Investments L.P. now owns 4,437 shares of the business services provider’s stock worth $246,000 after acquiring an additional 67 shares in the last quarter. Finally, Amalgamated Bank grew its stake in shares of ExlService by 5.2% in the second quarter. Amalgamated Bank now owns 4,539 shares of the business services provider’s stock worth $252,000 after acquiring an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.
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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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