Analysts Set ExlService Holdings Inc. (NASDAQ:EXLS) Price Target at $50.88
ExlService Holdings Inc. (NASDAQ:EXLS) has been assigned a consensus recommendation of “Buy” from the eleven analysts that are currently covering the firm. Five research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $50.88.
Several brokerages have commented on EXLS. Citigroup Inc. cut their price objective on ExlService Holdings from $58.00 to $57.00 and set a “buy” rating on the stock in a research report on Friday, July 29th. Zacks Investment Research downgraded ExlService Holdings from a “hold” rating to a “sell” rating in a research report on Monday, June 20th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $56.00 price objective on shares of ExlService Holdings in a research report on Wednesday, September 7th. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $54.00 price objective on shares of ExlService Holdings in a research report on Tuesday, July 19th.
In related news, CFO Vishal Chhibbar sold 4,500 shares of the company’s stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $54.00, for a total transaction of $243,000.00. Following the completion of the sale, the chief financial officer now directly owns 8,470 shares in the company, valued at approximately $457,380. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rohit Kapoor sold 1,061 shares of the company’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $50.51, for a total value of $53,591.11. The disclosure for this sale can be found here. Corporate insiders own 5.94% of the company’s stock.
Several large investors have recently modified their holdings of the company. First Mercantile Trust Co. boosted its stake in shares of ExlService Holdings by 24.4% in the third quarter. First Mercantile Trust Co. now owns 16,713 shares of the company’s stock worth $833,000 after buying an additional 3,275 shares during the period. Independent Portfolio Consultants Inc. boosted its stake in ExlService Holdings by 1.1% in the third quarter. Independent Portfolio Consultants Inc. now owns 10,615 shares of the company’s stock worth $529,000 after buying an additional 120 shares during the period. Macquarie Group Ltd. boosted its stake in ExlService Holdings by 7.7% in the second quarter. Macquarie Group Ltd. now owns 495,139 shares of the company’s stock worth $25,950,000 after buying an additional 35,521 shares during the period. Mason Street Advisors LLC acquired a new stake in ExlService Holdings during the second quarter worth approximately $343,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in ExlService Holdings by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 112,024 shares of the company’s stock worth $5,872,000 after buying an additional 1,950 shares during the period. Hedge funds and other institutional investors own 98.65% of the company’s stock.
Shares of ExlService Holdings (NASDAQ:EXLS) opened at 49.41 on Wednesday. The company has a 50-day moving average price of $50.36 and a 200 day moving average price of $50.71. The company has a market capitalization of $1.66 billion, a P/E ratio of 28.07 and a beta of 1.61. ExlService Holdings has a 12-month low of $38.52 and a 12-month high of $54.78.
ExlService Holdings (NASDAQ:EXLS) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.02. The company had revenue of $170.50 million for the quarter, compared to the consensus estimate of $170.65 million. ExlService Holdings had a return on equity of 13.86% and a net margin of 9.02%. ExlService Holdings’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 EPS. On average, equities analysts anticipate that ExlService Holdings will post $2.32 earnings per share for the current fiscal year.
ExlService Holdings Company Profile
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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