Robert W. Baird restated their buy rating on shares of ExlService Holdings, Inc. (NASDAQ:EXLS) in a report issued on Friday. They currently have a $62.00 target price on the business services provider’s stock.
Other equities analysts have also issued reports about the stock. BidaskClub lowered shares of ExlService Holdings from a strong-buy rating to a buy rating in a report on Thursday, July 6th. Needham & Company LLC increased their price objective on shares of ExlService Holdings from $56.00 to $59.00 and gave the company a buy rating in a report on Wednesday, June 21st. Cantor Fitzgerald restated a buy rating and issued a $59.00 price objective on shares of ExlService Holdings in a report on Tuesday, June 20th. Stifel Nicolaus restated a buy rating and issued a $67.00 price objective (up from $60.00) on shares of ExlService Holdings in a report on Sunday, July 30th. Finally, Cowen and Company restated a buy rating and issued a $54.00 price objective on shares of ExlService Holdings in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $60.00.
ExlService Holdings (EXLS) opened at 55.59 on Friday. The firm has a 50-day moving average of $56.05 and a 200 day moving average of $51.41. ExlService Holdings has a 52-week low of $42.00 and a 52-week high of $59.84. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 28.20 and a beta of 1.30.
ExlService Holdings (NASDAQ:EXLS) last announced its earnings results on Thursday, July 27th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.24. ExlService Holdings had a net margin of 9.53% and a return on equity of 14.34%. The company had revenue of $189.10 million for the quarter, compared to analyst estimates of $185.65 million. During the same period in the prior year, the business earned $0.55 earnings per share. ExlService Holdings’s quarterly revenue was up 10.9% on a year-over-year basis. On average, equities research analysts forecast that ExlService Holdings will post $2.61 earnings per share for the current year.
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In other ExlService Holdings news, CEO Rohit Kapoor sold 43,337 shares of the stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $55.03, for a total value of $2,384,835.11. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Villa Rembert De sold 900 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $56.01, for a total transaction of $50,409.00. Following the completion of the sale, the executive vice president now owns 10,697 shares in the company, valued at $599,138.97. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,134 shares of company stock worth $2,869,900. Company insiders own 5.80% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. 1st Global Advisors Inc. raised its holdings in ExlService Holdings by 1.1% in the second quarter. 1st Global Advisors Inc. now owns 9,138 shares of the business services provider’s stock worth $508,000 after purchasing an additional 100 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in ExlService Holdings in the second quarter worth $405,000. State Street Corp raised its holdings in ExlService Holdings by 4.7% in the second quarter. State Street Corp now owns 806,778 shares of the business services provider’s stock worth $44,841,000 after purchasing an additional 36,362 shares during the period. Macquarie Group Ltd. raised its holdings in ExlService Holdings by 30.5% in the second quarter. Macquarie Group Ltd. now owns 841,679 shares of the business services provider’s stock worth $46,781,000 after purchasing an additional 196,843 shares during the period. Finally, AHL Partners LLP raised its holdings in ExlService Holdings by 37.9% in the second quarter. AHL Partners LLP now owns 132,048 shares of the business services provider’s stock worth $7,339,000 after purchasing an additional 36,277 shares during the period. Institutional investors own 94.89% of the company’s stock.
ExlService Holdings 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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