ExlService Holdings Inc. (NASDAQ:EXLS)‘s stock had its “outperform” rating reissued by equities researchers at Barrington Research in a research report issued to clients and investors on Friday. They presently have a $55.00 price target on the stock. Barrington Research’s price objective would indicate a potential upside of 13.52% from the company’s previous close.
EXLS has been the subject of a number of other reports. Citigroup Inc. cut their target price on ExlService Holdings from $58.00 to $57.00 and set a “buy” rating for the company in a research note on Friday, July 29th. Zacks Investment Research lowered ExlService Holdings from a “hold” rating to a “sell” rating in a research note on Monday, June 20th. Cantor Fitzgerald restated a “buy” rating and issued a $56.00 target price on shares of ExlService Holdings in a research note on Wednesday, September 7th. Finally, JPMorgan Chase & Co. restated a “hold” rating and issued a $54.00 target price on shares of ExlService Holdings in a research note on Tuesday, July 19th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. ExlService Holdings currently has an average rating of “Buy” and a consensus target price of $51.90.
Shares of ExlService Holdings (NASDAQ:EXLS) opened at 48.45 on Friday. The company has a 50-day moving average of $50.26 and a 200 day moving average of $50.64. The firm has a market cap of $1.62 billion, a P/E ratio of 27.53 and a beta of 1.61. ExlService Holdings has a 12-month low of $38.52 and a 12-month high of $54.78.
ExlService Holdings (NASDAQ:EXLS) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.55 earnings per share for the quarter, beating the 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 company earned $170.50 million during the quarter, compared to analysts’ expectations of $170.65 million. During the same period in the prior year, the business earned $0.48 earnings per share. ExlService Holdings’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities analysts predict that ExlService Holdings will post $2.32 EPS for the current year.
In other news, EVP Vikas Bhalla sold 4,062 shares of the firm’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $52.50, for a total value of $213,255.00. Following the completion of the sale, the executive vice president now directly owns 2 shares in the company, valued at $105. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Rohit Kapoor sold 50,000 shares of the firm’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $48.91, for a total value of $2,445,500.00. The disclosure for this sale can be found here. Company insiders own 5.94% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its stake in shares of ExlService Holdings by 4.9% in the first quarter. Renaissance Technologies LLC now owns 815,400 shares of the company’s stock worth $42,238,000 after buying an additional 37,925 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in shares of ExlService Holdings by 10.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 899,433 shares of the company’s stock worth $46,591,000 after buying an additional 86,873 shares during the period. Adams Diversified Equity Fund Inc. acquired a new stake in shares of ExlService Holdings during the second quarter worth $508,000. TIAA CREF Investment Management LLC raised its stake in shares of ExlService Holdings by 33.2% in the first quarter. TIAA CREF Investment Management LLC now owns 171,826 shares of the company’s stock worth $8,901,000 after buying an additional 42,841 shares during the period. Finally, Cue Financial Group Inc. acquired a new stake in shares of ExlService Holdings during the second quarter worth $486,000. Institutional investors own 94.23% of the company’s stock.
About ExlService Holdings
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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