ExlService Holdings’ (EXLS) Outperform Rating Reaffirmed at Barrington Research
Barrington Research reaffirmed their outperform rating on shares of ExlService Holdings Inc. (NASDAQ:EXLS) in a research report report published on Friday. Barrington Research currently has a $55.00 price target on the stock.
Several other research analysts have also recently issued reports on EXLS. Cantor Fitzgerald reissued a buy rating and set a $56.00 price target on shares of ExlService Holdings in a report on Wednesday, September 7th. Citigroup Inc. cut their price target on shares of ExlService Holdings from $58.00 to $57.00 and set a buy rating for the company in a report on Friday, July 29th. JPMorgan Chase & Co. reaffirmed a hold rating and issued a $54.00 target price on shares of ExlService Holdings in a report on Tuesday, July 19th. Finally, Zacks Investment Research raised shares of ExlService Holdings from a sell rating to a hold rating in a report on Wednesday, June 29th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. ExlService Holdings presently has a consensus rating of Buy and an average target price of $51.90.
Shares of ExlService Holdings (NASDAQ:EXLS) traded up 0.23% during trading on Friday, reaching $48.76. The company had a trading volume of 6,477 shares. ExlService Holdings has a 1-year low of $38.52 and a 1-year high of $54.78. The firm has a 50-day moving average of $50.31 and a 200 day moving average of $50.69. The firm has a market capitalization of $1.63 billion, a PE ratio of 27.70 and a beta of 1.61.
ExlService Holdings (NASDAQ:EXLS) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. ExlService Holdings had a net margin of 9.02% and a return on equity of 13.86%. The company earned $170.50 million during the quarter, compared to the consensus estimate of $170.65 million. During the same quarter in the prior year, the firm posted $0.48 earnings per share. ExlService Holdings’s revenue for the quarter was up 9.6% on a year-over-year basis. Analysts expect that ExlService Holdings will post $2.32 earnings per share for the current year.
In related news, CEO Rohit Kapoor sold 1,061 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $50.51, for a total transaction of $53,591.11. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Vikas Bhalla sold 4,062 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $52.50, for a total transaction of $213,255.00. Following the sale, the executive vice president now owns 2 shares in the company, valued at approximately $105. The disclosure for this sale can be found here. Corporate insiders own 5.94% of the company’s stock.
A number of hedge funds have recently made changes to their positions in EXLS. Bogle Investment Management L P DE purchased a new stake in shares of ExlService Holdings during the first quarter worth about $1,792,000. Geode Capital Management LLC raised its stake in shares of ExlService Holdings by 9.7% in the first quarter. Geode Capital Management LLC now owns 257,591 shares of the company’s stock worth $13,343,000 after buying an additional 22,850 shares during the period. Loomis Sayles & Co. L P raised its stake in shares of ExlService Holdings by 51.6% in the first quarter. Loomis Sayles & Co. L P now owns 44,159 shares of the company’s stock worth $2,287,000 after buying an additional 15,034 shares during the period. Goldman Sachs Group Inc. raised its position in shares of ExlService Holdings by 64.1% in the first quarter. Goldman Sachs Group Inc. now owns 43,748 shares of the company’s stock worth $2,266,000 after buying an additional 17,088 shares during the period. Finally, State Street Corp raised its position in shares of ExlService Holdings by 3.4% in the first quarter. State Street Corp now owns 652,172 shares of the company’s stock worth $33,785,000 after buying an additional 21,536 shares during the period. Hedge funds and other institutional investors own 94.23% of the company’s stock.
About ExlService Holdings
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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