ExlService Holdings Inc. (NASDAQ:EXLS) has earned an average rating of “Buy” from the eleven research firms that are currently covering the stock. Five analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $50.88.
Several research analysts recently commented on EXLS shares. Cantor Fitzgerald set a $56.00 target price on ExlService Holdings and gave the stock a “buy” rating in a research note on Thursday, July 28th. JPMorgan Chase & Co. reissued a “hold” rating and set a $54.00 target price on shares of ExlService Holdings in a research note on Tuesday, July 19th. Zacks Investment Research raised ExlService Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, June 29th. Finally, Citigroup Inc. lowered their price objective on ExlService Holdings from $58.00 to $57.00 and set a “buy” rating for the company in a research report on Friday, July 29th.
Shares of ExlService Holdings (NASDAQ:EXLS) opened at 49.41 on Wednesday. ExlService Holdings has a 12-month low of $38.52 and a 12-month high of $54.78. The company’s 50-day moving average price is $50.36 and its 200 day moving average price is $50.71. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 28.07 and a beta of 1.61.
ExlService Holdings (NASDAQ:EXLS) last released its earnings results on Thursday, July 28th. The company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.02. ExlService Holdings had a return on equity of 13.86% and a net margin of 9.02%. The firm earned $170.50 million during the quarter, compared to analysts’ expectations of $170.65 million. During the same period in the previous year, the firm posted $0.48 EPS. ExlService Holdings’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities research analysts forecast that ExlService Holdings will post $2.32 EPS for the current fiscal year.
In other ExlService Holdings news, EVP Vikas Bhalla sold 4,062 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $52.50, for a total transaction of $213,255.00. Following the completion of the sale, the executive vice president now directly owns 2 shares of the company’s stock, valued at approximately $105. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Vishal Chhibbar sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $54.00, for a total value of $243,000.00. Following the sale, the chief financial officer now directly owns 8,470 shares of the company’s stock, valued at $457,380. The disclosure for this sale can be found here. 5.94% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. increased its stake in ExlService Holdings by 77.1% in the second quarter. Victory Capital Management Inc. now owns 1,918 shares of the company’s stock valued at $101,000 after buying an additional 835 shares in the last quarter. BlackRock Inc. increased its stake in ExlService Holdings by 118.4% in the first quarter. BlackRock Inc. now owns 2,488 shares of the company’s stock valued at $129,000 after buying an additional 1,349 shares in the last quarter. 1st Global Advisors Inc. bought a new stake in ExlService Holdings during the second quarter valued at approximately $212,000. Stanley Laman Group Ltd. bought a new stake in ExlService Holdings during the second quarter valued at approximately $217,000. Finally, Pacad Investment Ltd. bought a new stake in ExlService Holdings during the first quarter valued at approximately $218,000. 98.65% of the stock is owned by hedge funds and other institutional investors.
ExlService Holdings Company Profile
ExlService Holdings, Inc is an operations management and analytics company. The Company operates through two segments: Operations Management and Analytics. The Company offers operations management solutions to the insurance, healthcare, banking and financial services, utilities, and travel, transportation and logistics industries.
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