ExlService Holdings Inc. (EXLS) Trading Down 2.6%
ExlService Holdings Inc. (NASDAQ:EXLS)’s share price traded down 2.6% during mid-day trading on Friday . The company traded as low as $48.36 and last traded at $48.36, with a volume of 105,916 shares. The stock had previously closed at $49.64.
A number of equities analysts have recently issued reports on the company. Citigroup Inc. raised their price objective on ExlService Holdings from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, May 27th. Zacks Investment Research downgraded ExlService Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, May 3rd. Robert W. Baird restated a “buy” rating on shares of ExlService Holdings in a research report on Monday, May 16th. Cantor Fitzgerald restated a “buy” rating on shares of ExlService Holdings in a research report on Monday, May 2nd. Finally, JPMorgan Chase & Co. restated a “hold” rating and set a $54.00 price objective on shares of ExlService Holdings in a research report on Tuesday, July 19th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. ExlService Holdings currently has a consensus rating of “Buy” and an average target price of $51.56.
The stock has a market capitalization of $1.62 billion and a PE ratio of 27.44. The company’s 50 day moving average price is $51.07 and its 200 day moving average price is $49.82.
ExlService Holdings (NASDAQ:EXLS) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The firm earned $170.50 million during the quarter, compared to analysts’ expectations of $170.65 million. ExlService Holdings’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 earnings per share. Equities analysts expect that ExlService Holdings Inc. will post $2.32 EPS for the current fiscal year.
In related news, CFO Vishal Chhibbar sold 2,750 shares of the 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 sale, 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 available at this hyperlink. Also, EVP Villa Rembert De sold 5,000 shares of the stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $51.81, for a total value of $259,050.00. Following the sale, the executive vice president now owns 2,258 shares of the company’s stock, valued at $116,986.98. The disclosure for this sale can be found here.
A number of large investors recently modified their holdings of EXLS. Dimensional Fund Advisors LP boosted 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 valued at $56,097,000 after buying an additional 61,838 shares in the last quarter. Bank of Montreal Can boosted 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 valued at $1,831,000 after buying an additional 25,469 shares in the last quarter. California Public Employees Retirement System boosted 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 valued at $3,972,000 after buying an additional 8,600 shares in the last quarter. Finally, Russell Frank Co boosted 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 valued at $2,698,000 after buying an additional 45,788 shares in 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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