BidaskClub Lowers ExlService Holdings, Inc. (EXLS) to Hold
BidaskClub cut shares of ExlService Holdings, Inc. (NASDAQ:EXLS) from a buy rating to a hold rating in a research note published on Tuesday.
EXLS has been the subject of several other reports. Cowen and Company reissued an outperform rating and set a $54.00 price target on shares of ExlService Holdings in a report on Tuesday, April 11th. Stifel Nicolaus reissued a buy rating and set a $67.00 price target (up from $60.00) on shares of ExlService Holdings in a report on Sunday, July 30th. Cantor Fitzgerald reissued an overweight rating and set a $56.00 price target (up from $50.00) on shares of ExlService Holdings in a report on Wednesday, May 3rd. Zacks Investment Research raised ExlService Holdings from a hold rating to a strong-buy rating and set a $66.00 price target for the company in a report on Tuesday, August 1st. Finally, Barrington Research set a $65.00 price target on ExlService Holdings and gave the stock an outperform rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. ExlService Holdings currently has an average rating of Buy and a consensus price target of $60.33.
ExlService Holdings (EXLS) traded down 1.34% during mid-day trading on Tuesday, hitting $55.95. The stock had a trading volume of 50,095 shares. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 28.39 and a beta of 1.30. The stock’s 50 day moving average price is $55.47 and its 200 day moving average price is $49.81. ExlService Holdings has a one year low of $42.00 and a one year high of $59.84.
ExlService Holdings (NASDAQ:EXLS) last released its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.24. The business had revenue of $189.10 million during the quarter, compared to analysts’ expectations of $185.65 million. ExlService Holdings had a return on equity of 14.34% and a net margin of 9.53%. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the firm posted $0.55 EPS. Analysts forecast that ExlService Holdings will post $2.61 EPS for the current year.
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In other ExlService Holdings news, CFO Vishal Chhibbar sold 1,868 shares of ExlService Holdings stock in a transaction on Monday, June 5th. The stock was sold at an average price of $54.00, for a total value of $100,872.00. Following the completion of the transaction, the chief financial officer now directly owns 11,987 shares of the company’s stock, valued at approximately $647,298. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rohit Kapoor sold 22,140 shares of ExlService Holdings stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $53.06, for a total value of $1,174,748.40. The disclosure for this sale can be found here. Insiders sold a total of 81,242 shares of company stock valued at $4,403,811 over the last ninety days. Insiders own 5.80% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Swiss National Bank boosted its position in shares of ExlService Holdings by 2.9% in the second quarter. Swiss National Bank now owns 56,668 shares of the business services provider’s stock valued at $3,150,000 after buying an additional 1,600 shares in the last quarter. Eagle Asset Management Inc. boosted its position in shares of ExlService Holdings by 62.2% in the second quarter. Eagle Asset Management Inc. now owns 100,947 shares of the business services provider’s stock valued at $5,610,000 after buying an additional 38,729 shares in the last quarter. Commerce Bank boosted its position in shares of ExlService Holdings by 19.0% in the second quarter. Commerce Bank now owns 9,010 shares of the business services provider’s stock valued at $501,000 after buying an additional 1,440 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of ExlService Holdings by 1.9% in the second quarter. Prudential Financial Inc. now owns 58,933 shares of the business services provider’s stock valued at $3,275,000 after buying an additional 1,074 shares in the last quarter. Finally, Stanley Laman Group Ltd. boosted its position in shares of ExlService Holdings by 9.3% in the second quarter. Stanley Laman Group Ltd. now owns 11,375 shares of the business services provider’s stock valued at $632,000 after buying an additional 971 shares in the last quarter. 94.42% of the stock is owned by hedge funds and other institutional investors.
ExlService Holdings Company Profile
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.
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