Wedbush reissued their neutral rating on shares of ExlService Holdings, Inc. (NASDAQ:EXLS) in a research report sent to investors on Wednesday, August 9th. Wedbush currently has a $63.00 price objective on the business services provider’s stock.
A number of other brokerages also recently issued reports on EXLS. Needham & Company LLC reiterated a buy rating and issued a $60.00 price target (up previously from $59.00) on shares of ExlService Holdings in a report on Sunday, July 30th. Zacks Investment Research upgraded shares of ExlService Holdings from a sell rating to a hold rating in a report on Wednesday, May 3rd. Cantor Fitzgerald reiterated a buy rating and issued a $59.00 price target on shares of ExlService Holdings in a report on Tuesday, June 20th. BidaskClub downgraded shares of ExlService Holdings from a buy rating to a hold rating in a report on Monday, July 24th. Finally, Wells Fargo & Company reiterated a market perform rating and issued a $50.00 price target (up previously from $48.00) on shares of ExlService Holdings in a report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. ExlService Holdings presently has a consensus rating of Buy and a consensus price target of $59.80.
Shares of ExlService Holdings (EXLS) traded down 0.25% during mid-day trading on Wednesday, hitting $55.46. 172,859 shares of the stock traded hands. The firm’s 50 day moving average price is $55.81 and its 200 day moving average price is $50.43. ExlService Holdings has a 12-month low of $42.00 and a 12-month high of $59.84. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 28.14 and a beta of 1.30.
ExlService Holdings (NASDAQ:EXLS) last announced its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.24. The business had revenue of $189.10 million during the quarter, compared to the consensus estimate of $185.65 million. ExlService Holdings had a net margin of 9.53% and a return on equity of 14.34%. The business’s revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.55 EPS. On average, equities research analysts predict that ExlService Holdings will post $2.61 EPS for the current fiscal year.
In other ExlService Holdings news, EVP Villa Rembert De sold 900 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $56.01, for a total transaction of $50,409.00. Following the sale, the executive vice president now directly owns 10,697 shares of the company’s stock, valued at approximately $599,138.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vishal Chhibbar sold 1,234 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $55.80, for a total transaction of $68,857.20. Following the sale, the chief financial officer now directly owns 7,119 shares in the company, valued at $397,240.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,142 shares of company stock worth $4,454,220. 5.80% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in EXLS. Norges Bank purchased a new stake in ExlService Holdings during the fourth quarter valued at about $13,667,000. Teachers Advisors LLC boosted its stake in ExlService Holdings by 0.8% in the fourth quarter. Teachers Advisors LLC now owns 288,743 shares of the business services provider’s stock valued at $14,564,000 after buying an additional 2,228 shares in the last quarter. Fenimore Asset Management Inc. boosted its stake in ExlService Holdings by 41.6% in the first quarter. Fenimore Asset Management Inc. now owns 182,785 shares of the business services provider’s stock valued at $8,657,000 after buying an additional 53,685 shares in the last quarter. First National Bank of Omaha boosted its stake in ExlService Holdings by 28.9% in the first quarter. First National Bank of Omaha now owns 25,783 shares of the business services provider’s stock valued at $1,221,000 after buying an additional 5,780 shares in the last quarter. Finally, Atria Investments LLC boosted its stake in ExlService Holdings by 12.1% in the first quarter. Atria Investments LLC now owns 4,999 shares of the business services provider’s stock valued at $237,000 after buying an additional 540 shares in the last quarter. 94.41% of the stock is currently owned by institutional investors.
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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