ExlService Holdings Inc. (NASDAQ:EXLS) Receives Consensus Recommendation of “Buy” from Analysts
ExlService Holdings Inc. (NASDAQ:EXLS) has earned an average rating of “Buy” from the eleven brokerages that are presently covering the firm. Five investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $50.88.
A number of brokerages recently weighed in on EXLS. Zacks Investment Research downgraded shares of ExlService Holdings from a “hold” rating to a “sell” rating in a report on Monday, June 20th. Citigroup Inc. lowered their target price on shares of ExlService Holdings from $58.00 to $57.00 and set a “buy” rating on the stock in a report on Friday, July 29th. Cantor Fitzgerald set a $56.00 target price on shares of ExlService Holdings and gave the stock a “buy” rating in a report on Thursday, July 28th. Finally, JPMorgan Chase & Co. restated a “hold” rating and set a $54.00 target price on shares of ExlService Holdings in a report on Tuesday, July 19th.
Shares of ExlService Holdings (NASDAQ:EXLS) traded up 0.85% during trading on Wednesday, hitting $50.06. 39,245 shares of the stock were exchanged. The company has a market cap of $1.68 billion, a P/E ratio of 28.44 and a beta of 1.61. ExlService Holdings has a 1-year low of $38.33 and a 1-year high of $54.78. The firm’s 50-day moving average is $50.33 and its 200 day moving average is $50.73.
ExlService Holdings (NASDAQ:EXLS) last issued its earnings results on Thursday, July 28th. The company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.02. The business had revenue of $170.50 million for the quarter, compared to the consensus estimate of $170.65 million. ExlService Holdings had a net margin of 9.02% and a return on equity of 13.86%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.48 earnings per share. Equities analysts forecast that ExlService Holdings will post $2.32 earnings per share for the current fiscal year.
In other news, EVP Vikas Bhalla sold 4,062 shares of the business’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $52.50, for a total value of $213,255.00. Following the completion of the sale, the executive vice president now owns 2 shares of the company’s stock, valued at $105. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Vishal Chhibbar sold 2,750 shares of the business’s stock in a transaction dated Friday, July 8th. The shares were 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 of the company’s stock, valued at approximately $358,848. The disclosure for this sale can be found here. 5.94% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. increased its position in ExlService Holdings by 77.1% in the second quarter. Victory Capital Management Inc. now owns 1,918 shares of the company’s stock worth $101,000 after buying an additional 835 shares during the period. BlackRock Inc. increased its position in ExlService Holdings by 118.4% in the first quarter. BlackRock Inc. now owns 2,488 shares of the company’s stock worth $129,000 after buying an additional 1,349 shares during the period. 1st Global Advisors Inc. bought a new position in ExlService Holdings during the second quarter worth approximately $212,000. Stanley Laman Group Ltd. bought a new position in ExlService Holdings during the second quarter worth approximately $217,000. Finally, Pacad Investment Ltd. bought a new position in ExlService Holdings during the first quarter worth approximately $218,000. 98.65% of the stock is owned by institutional investors and hedge funds.
ExlService Holdings Company Profile
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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