Shares of ExlService Holdings Inc. (NASDAQ:EXLS) have been given an average recommendation of “Buy” by the eleven analysts that are presently covering the firm. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $50.88.
A number of brokerages have commented on EXLS. Citigroup Inc. reduced their price target on shares of ExlService Holdings from $58.00 to $57.00 and set a “buy” rating on the stock in a research report on Friday, July 29th. Zacks Investment Research cut shares of ExlService Holdings from a “hold” rating to a “sell” rating in a research report on Monday, June 20th. Cantor Fitzgerald reiterated a “buy” rating and set a $56.00 price target on shares of ExlService Holdings in a research report on Wednesday, September 7th. Finally, JPMorgan Chase & Co. reiterated a “hold” rating and set a $54.00 price target on shares of ExlService Holdings in a research report on Tuesday, July 19th.
In related news, CEO Rohit Kapoor sold 50,000 shares of the firm’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $48.91, for a total value of $2,445,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 of the company’s stock, valued at approximately $105. The disclosure for this sale can be found here. 5.94% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in EXLS. Norges Bank acquired a new stake in shares of ExlService Holdings during the fourth quarter worth approximately $8,044,000. Aperio Group LLC raised its stake in shares of ExlService Holdings by 40.3% in the first quarter. Aperio Group LLC now owns 8,868 shares of the company’s stock worth $459,000 after buying an additional 2,549 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in shares of ExlService Holdings during the first quarter worth approximately $218,000. 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 last quarter. Finally, Prudential Financial Inc. raised its stake in shares of ExlService Holdings by 6.4% in the first quarter. Prudential Financial Inc. now owns 81,509 shares of the company’s stock worth $4,222,000 after buying an additional 4,900 shares during the last quarter. 95.92% of the stock is owned by institutional investors.
Shares of ExlService Holdings (NASDAQ:EXLS) opened at 49.41 on Wednesday. The firm’s 50-day moving average is $50.36 and its 200-day moving average is $50.71. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 28.07 and a beta of 1.61. ExlService Holdings has a 52 week low of $38.52 and a 52 week high of $54.78.
ExlService Holdings (NASDAQ:EXLS) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. ExlService Holdings had a net margin of 9.02% and a return on equity of 13.86%. The business had revenue of $170.50 million for the quarter, compared to analysts’ expectations of $170.65 million. During the same period last year, the business earned $0.48 earnings per share. The business’s quarterly revenue was up 9.6% on a year-over-year basis. Equities research analysts predict that ExlService Holdings will post $2.32 earnings per share for the current year.
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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