Favorable Press Coverage Somewhat Unlikely to Affect ExlService Holdings (EXLS) Stock Price
News articles about ExlService Holdings (NASDAQ:EXLS) have been trending positive recently, Accern reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. ExlService Holdings earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 45.3578917769273 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
EXLS has been the topic of several research reports. Cowen and Company reiterated an “outperform” rating and issued a $54.00 price target on shares of ExlService Holdings in a report on Tuesday, April 11th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $56.00 price target (up previously from $50.00) on shares of ExlService Holdings in a report on Wednesday, May 3rd. Zacks Investment Research upgraded shares of ExlService Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd. Wells Fargo & Company reiterated a “market perform” rating and issued a $50.00 price target (up previously from $48.00) on shares of ExlService Holdings in a report on Tuesday, May 23rd. Finally, Needham & Company LLC increased their price target on shares of ExlService Holdings from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Wednesday, June 21st. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $60.33.
Shares of ExlService Holdings (NASDAQ:EXLS) traded down 1.01% during midday trading on Friday, hitting $56.77. 97,714 shares of the stock were exchanged. ExlService Holdings has a one year low of $42.00 and a one year high of $59.84. The firm has a 50 day moving average of $55.07 and a 200-day moving average of $49.65. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 28.80 and a beta of 1.30.
ExlService Holdings (NASDAQ:EXLS) last issued its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.24. ExlService Holdings had a return on equity of 14.34% and a net margin of 9.53%. The company had revenue of $189.10 million during the quarter, compared to analysts’ expectations of $185.65 million. During the same quarter in the previous year, the business earned $0.55 earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. Equities analysts expect that ExlService Holdings will post $2.61 EPS for the current year.
In other ExlService Holdings news, CFO Vishal Chhibbar sold 1,234 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $55.80, for a total value of $68,857.20. Following the completion of the sale, the chief financial officer now owns 7,119 shares in the company, valued at $397,240.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Pavan Bagai sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $51.45, for a total value of $308,700.00. Following the completion of the sale, the chief operating officer now owns 67,581 shares of the company’s stock, valued at approximately $3,477,042.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 81,242 shares of company stock valued at $4,403,811. 5.80% of the stock is owned by company insiders.
TRADEMARK VIOLATION NOTICE: This article was originally published by Daily Political and is owned by of Daily Political. If you are viewing this article on another domain, it was copied illegally and republished in violation of international trademark & copyright legislation. The original version of this article can be accessed at https://www.dailypolitical.com/2017/08/06/favorable-press-coverage-somewhat-unlikely-to-affect-exlservice-holdings-exls-stock-price.html.
About ExlService Holdings
ExlService Holdings, Inc is an operations management and analytics company. The Company segments include Insurance; Healthcare; Travel, Transportation and Logistics; Finance and Accounting (F&A); Analytics, and All Other. The Insurance operating segment serves property and casualty insurance, life insurance, disability insurance, annuity and retirement services companies.
Receive News & Ratings for ExlService Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExlService Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.