ExlService Holdings, Inc. (EXLS) Sees Large Volume Increase
ExlService Holdings, Inc. (NASDAQ:EXLS) saw strong trading volume on Friday . 262,476 shares traded hands during mid-day trading, an increase of 16% from the previous session’s volume of 226,194 shares.The stock last traded at $50.63 and had previously closed at $50.75.
Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $54.00 price target on shares of ExlService Holdings in a research report on Tuesday. Zacks Investment Research raised ExlService Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Citigroup Inc. lifted their price target on ExlService Holdings from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, May 27th. Robert W. Baird reaffirmed a “buy” rating on shares of ExlService Holdings in a research report on Monday, May 16th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating on shares of ExlService Holdings in a research report on Monday, May 2nd. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $51.67.
The stock has a market capitalization of $1.69 billion and a price-to-earnings ratio of 31.08. The stock’s 50 day moving average price is $51.99 and its 200-day moving average price is $48.86.
ExlService Holdings (NASDAQ:EXLS) last posted its quarterly earnings results on Thursday, April 28th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. The firm had revenue of $167 million for the quarter, compared to the consensus estimate of $165.01 million. ExlService Holdings’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 EPS. Analysts anticipate that ExlService Holdings, Inc. will post $2.33 earnings per share for the current year.
In other news, EVP Villa Rembert De sold 5,000 shares of the stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $51.81, for a total transaction of $259,050.00. Following the transaction, the executive vice president now owns 2,258 shares of the company’s stock, valued at approximately $116,986.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Vishal Chhibbar sold 4,500 shares of the stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $54.00, for a total value of $243,000.00. Following the transaction, the chief financial officer now directly owns 8,470 shares in the company, valued at approximately $457,380. The disclosure for this sale can be found here.
A number of large investors recently modified their holdings of EXLS. Dimensional Fund Advisors LP increased its stake 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 worth $56,097,000 after buying an additional 61,838 shares during the last quarter. 1492 Capital Management LLC increased its stake 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 worth $1,532,000 after buying an additional 4,444 shares during the last quarter. J. Goldman & Co LP bought a new stake in shares of ExlService Holdings during the fourth quarter worth $5,570,000. Aberdeen Asset Management PLC UK bought a new stake in shares of ExlService Holdings during the fourth quarter worth $5,770,000. Finally, Principal Financial Group Inc. increased its stake 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 worth $10,177,000 after buying an additional 8,140 shares during the last quarter.
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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