ExlService Holdings Inc. (EXLS) Reaches New 1-Year High at $53.00
ExlService Holdings Inc. (NASDAQ:EXLS)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $53.00 and last traded at $51.90, with a volume of 39,652 shares. The stock had previously closed at $51.80.
Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of ExlService Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th. Citigroup Inc. lifted their price target on shares of ExlService Holdings from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, May 27th. Robert W. Baird reaffirmed a “buy” rating on shares of ExlService Holdings in a report on Monday, May 16th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of ExlService Holdings in a report on Monday, May 2nd. Finally, Goldman Sachs Group Inc. lifted their price target on shares of ExlService Holdings from $26.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, March 28th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $49.80.
The firm has a market capitalization of $1.74 billion and a P/E ratio of 31.92. The stock’s 50-day moving average price is $51.24 and its 200-day moving average price is $48.28.
ExlService Holdings (NASDAQ:EXLS) last released its earnings results on Thursday, April 28th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.03. The business had revenue of $167 million for the quarter, compared to analyst estimates of $165.01 million. ExlService Holdings’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 earnings per share. Analysts anticipate that ExlService Holdings Inc. will post $2.33 EPS for the current fiscal year.
In other ExlService Holdings news, EVP Villa Rembert De sold 5,000 shares of the 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 sale, the executive vice president now directly owns 2,258 shares of the company’s stock, valued at approximately $116,986.98. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Vishal Chhibbar sold 4,053 shares of the stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $52.36, for a total transaction of $212,215.08. Following the completion of the sale, the chief financial officer now directly owns 3,970 shares in the company, valued at $207,869.20. The disclosure for this sale can be found here.
Several large investors have recently made changes to their positions in the stock. J. Goldman & Co LP purchased a new stake in shares of ExlService Holdings during the fourth quarter worth approximately $5,570,000. Aberdeen Asset Management PLC UK purchased a new stake in shares of ExlService Holdings during the fourth quarter worth approximately $5,770,000. Principal Financial Group Inc. increased its stake in shares of ExlService Holdings by 3.7% in the fourth quarter. Principal Financial Group Inc. now owns 226,520 shares of the company’s stock worth $10,177,000 after buying an additional 8,140 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of ExlService Holdings by 204.6% in the fourth quarter. Wells Fargo & Company MN now owns 45,969 shares of the company’s stock worth $2,065,000 after buying an additional 30,876 shares in the last quarter. Finally, Bank of Montreal Can increased 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 in the last quarter.
ExlService Holdings, Inc (EXL) provides business process solutions. The Company’s business is divided into two reporting segments: Operations Management (previously Outsourcing Services) and Analytics and Business Transformation (previously Transformation Services). It provides Operations Management solutions to sectors, including insurance, healthcare, utilities, banking and financial services, and travel, transportation and logistics sectors, as well as cross-industry operations management solutions, such as finance and accounting services.
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