ExlService Holdings, Inc. (NASDAQ:EXLS)‘s stock had its “buy” rating restated by analysts at Stifel Nicolaus in a report released on Sunday, July 30th. They presently have a $67.00 price objective on the business services provider’s stock, up from their previous price objective of $60.00. Stifel Nicolaus’ price objective points to a potential upside of 20.81% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the stock. BidaskClub cut shares of ExlService Holdings from a “strong-buy” rating to a “buy” rating in a research 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 stock a “buy” rating in a research report on Wednesday, June 21st. Cantor Fitzgerald reaffirmed a “buy” rating and set a $59.00 price objective on shares of ExlService Holdings in a research report on Tuesday, June 20th. Cowen and Company reissued a “buy” rating and issued a $54.00 price target on shares of ExlService Holdings in a research report on Friday, July 28th. Finally, Zacks Investment Research cut shares of ExlService Holdings from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $59.80.
Shares of ExlService Holdings (NASDAQ EXLS) traded down 0.25% during mid-day trading on Friday, hitting $55.46. The company had a trading volume of 172,859 shares. ExlService Holdings has a 52-week low of $42.00 and a 52-week high of $59.84. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 28.14 and a beta of 1.30. The firm has a 50-day moving average price of $55.81 and a 200 day moving average price of $50.43.
ExlService Holdings (NASDAQ:EXLS) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.24. The firm had revenue of $189.10 million during the quarter, compared to analysts’ expectations of $185.65 million. ExlService Holdings had a net margin of 9.53% and a return on equity of 14.34%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the company posted $0.55 EPS. Analysts expect 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 22,140 shares of ExlService Holdings stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $53.06, for a total value of $1,174,748.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Pavan Bagai sold 6,000 shares of ExlService Holdings stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $51.45, for a total transaction of $308,700.00. Following the completion of the sale, the chief operating officer now directly owns 67,581 shares in the company, valued at approximately $3,477,042.45. The disclosure for this sale can be found here. Insiders have sold a total of 82,142 shares of company stock worth $4,454,220 over the last quarter. 5.80% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the stock. 1st Global Advisors Inc. increased its stake in shares of 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 valued at $508,000 after buying an additional 100 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of ExlService Holdings during the second quarter valued at $405,000. State Street Corp increased its stake in shares of ExlService Holdings by 4.7% in the second quarter. State Street Corp now owns 806,778 shares of the business services provider’s stock valued at $44,841,000 after buying an additional 36,362 shares during the last quarter. Macquarie Group Ltd. increased its stake 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 buying an additional 196,843 shares in the last quarter. Finally, AHL Partners LLP increased its stake 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 buying an additional 36,277 shares in the last quarter. 94.41% of the stock is currently owned by institutional investors and hedge funds.
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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