ExlService Holdings Inc. (NASDAQ:EXLS) dropped 2.6% during trading on Friday . The stock traded as low as $48.36 and last traded at $48.36, with a volume of 105,916 shares trading hands. The stock had previously closed at $49.64.

Several research firms recently weighed in on EXLS. Zacks Investment Research raised ExlService Holdings from a “sell” rating to a “hold” rating in a research report on Monday, May 30th. Cantor Fitzgerald set a $56.00 price target on ExlService Holdings and gave the company a “buy” rating in a research report on Thursday, July 28th. JPMorgan Chase & Co. reissued a “hold” rating and set a $54.00 price target on shares of ExlService Holdings in a research report on Tuesday, July 19th. Citigroup Inc. dropped their price target on ExlService Holdings from $58.00 to $57.00 and set a “buy” rating on the stock in a research report on Friday, July 29th. Finally, Robert W. Baird reissued a “buy” rating on shares of ExlService Holdings in a research report on Monday, May 16th. 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 firm has a 50-day moving average of $51.07 and a 200 day moving average of $49.82. The stock has a market cap of $1.62 billion and a P/E ratio of 27.44.

ExlService Holdings (NASDAQ:EXLS) last released its earnings results on Thursday, July 28th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.02. During the same period last year, the business posted $0.48 earnings per share. The firm earned $170.50 million during the quarter, compared to analyst estimates of $170.65 million. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities research analysts anticipate that ExlService Holdings Inc. will post $2.32 earnings per share for the current year.

In other news, CFO Vishal Chhibbar sold 4,500 shares of the firm’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Villa Rembert De sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $51.81, for a total value of $259,050.00. Following the completion of the transaction, the executive vice president now owns 2,258 shares in the company, valued at $116,986.98. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently bought and sold shares of the company. California Public Employees Retirement System raised its position in 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. Russell Frank Co raised its position in 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. Bank of Montreal Can raised its position in 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. Finally, Dimensional Fund Advisors LP raised its position in 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.

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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