ExlService Holdings’ (EXLS) Outperform Rating Reaffirmed at Barrington Research
Barrington Research reaffirmed their outperform rating on shares of ExlService Holdings Inc. (NASDAQ:EXLS) in a report released on Friday morning. Barrington Research currently has a $55.00 target price on the stock.
A number of other research firms also recently commented on EXLS. Cantor Fitzgerald set a $56.00 target price on ExlService Holdings and gave the stock a buy rating in a research report on Thursday, July 28th. JPMorgan Chase & Co. reiterated a hold rating and issued a $54.00 target price on shares of ExlService Holdings in a research report on Tuesday, July 19th. Zacks Investment Research upgraded ExlService Holdings from a sell rating to a hold rating in a research report on Wednesday, June 29th. Finally, Citigroup Inc. decreased their target price 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. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. ExlService Holdings presently has a consensus rating of Buy and an average price target of $51.90.
Shares of ExlService Holdings (NASDAQ:EXLS) traded up 0.23% during midday trading on Friday, hitting $48.76. The stock had a trading volume of 6,477 shares. The company has a market cap of $1.63 billion, a PE ratio of 27.70 and a beta of 1.61. The company’s 50 day moving average is $50.31 and its 200 day moving average is $50.69. ExlService Holdings has a 52-week low of $38.52 and a 52-week high of $54.78.
ExlService Holdings (NASDAQ:EXLS) last posted its earnings results on Thursday, July 28th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates 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%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.48 earnings per share. On average, analysts anticipate that ExlService Holdings will post $2.32 earnings per share for the current year.
In other news, EVP Vikas Bhalla sold 4,062 shares of the firm’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $52.50, for a total value of $213,255.00. Following the completion of the sale, the executive vice president now owns 2 shares of the company’s stock, valued at approximately $105. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rohit Kapoor sold 50,000 shares of the firm’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $48.91, for a total value of $2,445,500.00. The disclosure for this sale can be found here. Company insiders own 5.94% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Tiverton Asset Management LLC boosted its stake in ExlService Holdings by 1,318.8% in the second quarter. Tiverton Asset Management LLC now owns 972,446 shares of the company’s stock worth $73,711,000 after buying an additional 903,905 shares during the last quarter. Mesirow Financial Investment Management Equity Management acquired a new stake in ExlService Holdings during the second quarter worth $27,463,000. Loomis Sayles & Co. L P boosted its stake in ExlService Holdings by 903.5% in the second quarter. Loomis Sayles & Co. L P now owns 443,124 shares of the company’s stock worth $23,225,000 after buying an additional 398,965 shares during the last quarter. FMR LLC boosted its stake in ExlService Holdings by 10.8% in the second quarter. FMR LLC now owns 3,943,920 shares of the company’s stock worth $206,701,000 after buying an additional 385,222 shares during the last quarter. Finally, Riverhead Capital Management LLC boosted its stake in ExlService Holdings by 5,108.1% in the second quarter. Riverhead Capital Management LLC now owns 304,672 shares of the company’s stock worth $23,095,000 after buying an additional 298,822 shares during the last quarter. 94.23% of the stock is owned by hedge funds and other institutional investors.
About ExlService Holdings
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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