ExlService Holdings Inc. (EXLS) Sees Unusually-High Trading Volume
Shares of ExlService Holdings Inc. (NASDAQ:EXLS) saw an uptick in trading volume on Monday . 355,402 shares changed hands during trading, an increase of 37% from the previous session’s volume of 259,436 shares.The stock last traded at $48.87 and had previously closed at $48.91.
A number of research firms have commented on EXLS. Citigroup Inc. upped their price target on ExlService Holdings from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, May 27th. Zacks Investment Research lowered ExlService Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, May 3rd. Robert W. Baird reaffirmed a “buy” rating on shares of ExlService Holdings in a research report on Monday, May 16th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of ExlService Holdings in a research report on Monday, May 2nd. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $54.00 price target on shares of ExlService Holdings in a research report on Tuesday, July 19th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. ExlService Holdings has an average rating of “Buy” and an average price target of $51.56.
The company has a market capitalization of $1.64 billion and a P/E ratio of 27.74. The firm’s 50-day moving average price is $51.24 and its 200-day moving average price is $49.80.
ExlService Holdings (NASDAQ:EXLS) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.02. During the same quarter in the prior year, the business posted $0.48 EPS. The company earned $170.50 million during the quarter, compared to analysts’ expectations of $170.65 million. The company’s revenue was up 9.6% on a year-over-year basis. On average, equities research analysts forecast that ExlService Holdings Inc. will post $2.32 earnings per share for the current year.
In other ExlService Holdings news, CFO Vishal Chhibbar sold 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 12th. The stock was sold at an average price of $54.00, for a total transaction of $243,000.00. Following the completion of the transaction, the chief financial officer now owns 8,470 shares in the company, valued at $457,380. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Villa Rembert De sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $51.81, for a total value 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 disclosure for this sale can be found here.
Other hedge funds and institutional investors have made changes to their positions in the company. Dimensional Fund Advisors LP raised 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 period. Russell Frank Co raised its stake in shares of ExlService Holdings by 342.0% in the fourth quarter. Russell Frank Co now owns 59,176 shares of the company’s stock worth $2,698,000 after buying an additional 45,788 shares during the last quarter. Bank of Montreal Can raised its stake in shares of ExlService Holdings by 166.9% in the fourth quarter. Bank of Montreal Can now owns 40,728 shares of the company’s stock worth $1,831,000 after buying an additional 25,469 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of ExlService Holdings by 10.8% in the fourth quarter. California Public Employees Retirement System now owns 88,400 shares of the company’s stock worth $3,972,000 after buying an additional 8,600 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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