ExlService Holdings Inc. (EXLS) Sees Unusually-High Trading Volume
ExlService Holdings Inc. (NASDAQ:EXLS) saw an uptick in trading volume on Friday . 262,476 shares changed hands during mid-day trading, an increase of 16% from the previous session’s volume of 226,194 shares.The stock last traded at $50.63 and had previously closed at $50.75.
Several research firms recently weighed in on EXLS. Zacks Investment Research downgraded ExlService Holdings from a “hold” rating to a “sell” rating in a research note on Monday, June 6th. JPMorgan Chase & Co. restated a “hold” rating and issued a $54.00 price target on shares of ExlService Holdings in a research note on Tuesday, July 19th. Citigroup Inc. upped their price target on ExlService Holdings from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, May 27th. Goldman Sachs Group Inc. upped their price target on ExlService Holdings from $26.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, March 28th. Finally, Robert W. Baird restated a “buy” rating on shares of ExlService Holdings in a research note on Monday, May 16th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $51.67.
The firm has a market cap of $1.69 billion and a price-to-earnings ratio of 31.08. The company’s 50 day moving average is $51.99 and its 200 day moving average is $48.86.
ExlService Holdings (NASDAQ:EXLS) last announced its earnings results on Thursday, April 28th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.03. The business had revenue of $167 million for the quarter, compared to analysts’ expectations of $165.01 million. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 EPS. Analysts anticipate that ExlService Holdings Inc. will post $2.33 earnings per share for the current year.
In other news, EVP Nancy Saltzman sold 2,521 shares of ExlService Holdings stock in a transaction that occurred on Monday, April 25th. The shares were sold at an average price of $50.44, for a total transaction of $127,159.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Vishal Chhibbar sold 4,053 shares of ExlService Holdings 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 sale, the chief financial officer now directly owns 3,970 shares of the company’s stock, valued at approximately $207,869.20. The disclosure for this sale can be found here.
Several hedge funds recently bought and sold shares of the stock. 1492 Capital Management LLC increased its stake in ExlService Holdings by 15.0% in the fourth quarter. 1492 Capital Management LLC now owns 34,089 shares of the company’s stock valued at $1,532,000 after buying an additional 4,444 shares in the last quarter. J. Goldman & Co LP bought a new stake in ExlService Holdings during the fourth quarter valued at $5,570,000. Aberdeen Asset Management PLC UK bought a new stake in ExlService Holdings during the fourth quarter valued at $5,770,000. Principal Financial Group Inc. increased its stake in ExlService Holdings by 3.7% in the fourth quarter. Principal Financial Group Inc. now owns 226,520 shares of the company’s stock valued at $10,177,000 after buying an additional 8,140 shares in the last quarter. Finally, Bank of Montreal Can increased its stake 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.
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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