ExlService Holdings Inc. (EXLS) Hits New 1-Year High at $54.00
ExlService Holdings Inc. (NASDAQ:EXLS)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $54.00 and last traded at $53.91, with a volume of 67,356 shares. The stock had previously closed at $53.86.
EXLS has been the subject of a number of recent research reports. Citigroup Inc. boosted their target price on shares of ExlService Holdings from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, May 27th. Zacks Investment Research upgraded shares of ExlService Holdings from a “sell” rating to a “hold” rating in a report on Monday, May 30th. Robert W. Baird reiterated a “buy” rating on shares of ExlService Holdings in a report on Monday, May 16th. Goldman Sachs Group Inc. boosted their target price on shares of ExlService Holdings from $26.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, March 28th. Finally, Cantor Fitzgerald reiterated a “buy” rating on shares of ExlService Holdings in a report on Monday, May 2nd. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $49.80.
The stock has a market cap of $1.80 billion and a PE ratio of 33.03. The company’s 50 day moving average price is $51.80 and its 200 day moving average price is $48.51.
ExlService Holdings (NASDAQ:EXLS) last announced its earnings results on Thursday, April 28th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The firm had revenue of $167 million for the quarter, compared to analysts’ expectations of $165.01 million. The business’s revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.41 earnings per share. Equities research analysts expect that ExlService Holdings Inc. will post $2.33 EPS for the current year.
In related news, CFO Vishal Chhibbar sold 2,750 shares of the firm’s stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $53.40, for a total transaction of $146,850.00. Following the completion of the transaction, the chief financial officer now directly owns 6,720 shares in the company, valued at approximately $358,848. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Nancy Saltzman sold 2,521 shares of the firm’s stock in a transaction dated Monday, April 25th. The shares were sold at an average price of $50.44, for a total value of $127,159.24. The disclosure for this sale can be found here.
Several institutional investors recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in shares of ExlService Holdings by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,248,537 shares of the company’s stock valued at $56,097,000 after buying an additional 61,838 shares during the last quarter. 1492 Capital Management LLC boosted its position in shares of ExlService Holdings by 15.0% in the fourth quarter. 1492 Capital Management LLC now owns 34,089 shares of the company’s stock valued at $1,532,000 after buying an additional 4,444 shares during the last quarter. J. Goldman & Co LP bought a new position in shares of ExlService Holdings during the fourth quarter valued at about $5,570,000. Aberdeen Asset Management PLC UK bought a new position in shares of ExlService Holdings during the fourth quarter valued at about $5,770,000. Finally, Principal Financial Group Inc. boosted its position in shares of ExlService Holdings by 3.7% in the fourth quarter. Principal Financial Group Inc. now owns 226,520 shares of the company’s stock valued at $10,177,000 after buying an additional 8,140 shares during the last quarter.
ExlService Holdings, Inc (EXL) provides business process solutions. The Company’s business is divided into two reporting segments: Operations Management (previously Outsourcing Services) and Analytics and Business Transformation (previously Transformation Services). It provides Operations Management solutions to sectors, including insurance, healthcare, utilities, banking and financial services, and travel, transportation and logistics sectors, as well as cross-industry operations management solutions, such as finance and accounting services.
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