ExlService (NASDAQ:EXLS) has been given a $70.00 target price by equities researchers at Barrington Research in a research report issued on Friday. The brokerage presently has a “buy” rating on the business services provider’s stock. Barrington Research’s price target indicates a potential upside of 13.95% from the company’s previous close.
A number of other equities research analysts have also issued reports on the stock. BidaskClub raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Zacks Investment Research raised shares of ExlService from a “sell” rating to a “hold” rating in a research note on Monday, October 15th. ValuEngine raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, September 1st. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $71.00 target price on shares of ExlService in a research note on Thursday, August 2nd. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. ExlService presently has a consensus rating of “Buy” and a consensus price target of $65.20.
ExlService stock traded down $0.57 during midday trading on Friday, reaching $61.43. The stock had a trading volume of 37,636 shares, compared to its average volume of 151,133. ExlService has a twelve month low of $52.52 and a twelve month high of $67.06. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.57 and a current ratio of 3.57. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 2.17 and a beta of 1.28.
ExlService (NASDAQ:EXLS) last issued its earnings results on Thursday, November 1st. The business services provider reported $0.71 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.71. The company had revenue of $231.12 million during the quarter, compared to analyst estimates of $231.49 million. ExlService had a net margin of 6.11% and a return on equity of 14.25%. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. Equities analysts forecast that ExlService will post 2.22 earnings per share for the current fiscal year.
In other news, CEO Rohit Kapoor sold 6,761 shares of the firm’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $62.54, for a total transaction of $422,832.94. Following the transaction, the chief executive officer now owns 351,559 shares in the company, valued at approximately $21,986,499.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vishal Chhibbar sold 2,761 shares of the firm’s stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $63.00, for a total transaction of $173,943.00. Following the transaction, the chief financial officer now owns 8,600 shares in the company, valued at approximately $541,800. The disclosure for this sale can be found here. Insiders have sold a total of 104,233 shares of company stock valued at $6,727,414 in the last three months. Company insiders own 4.40% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in EXLS. Fenimore Asset Management Inc. bought a new position in shares of ExlService during the 2nd quarter valued at $10,477,000. Atria Investments LLC bought a new position in shares of ExlService during the 2nd quarter valued at $322,000. Bank of Montreal Can bought a new position in shares of ExlService during the 2nd quarter valued at $286,000. Acadian Asset Management LLC bought a new position in shares of ExlService during the 2nd quarter valued at $472,000. Finally, Tributary Capital Management LLC raised its holdings in shares of ExlService by 9.5% during the 2nd quarter. Tributary Capital Management LLC now owns 350,982 shares of the business services provider’s stock valued at $19,869,000 after purchasing an additional 30,329 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.
ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.
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