ExlService Holdings Inc. (EXLS) Receives $50.67 Average Target Price from Analysts
ExlService Holdings Inc. (NASDAQ:EXLS) has earned a consensus rating of “Buy” from the eleven analysts that are covering the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $50.67.
A number of research firms recently issued reports on EXLS. Barrington Research reissued an “outperform” rating and issued a $55.00 price objective on shares of ExlService Holdings in a report on Friday, October 14th. Cantor Fitzgerald reissued a “buy” rating and issued a $56.00 price objective on shares of ExlService Holdings in a report on Wednesday, September 7th. Zacks Investment Research downgraded shares of ExlService Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, November 1st. JPMorgan Chase & Co. reissued a “hold” rating and issued a $54.00 price objective on shares of ExlService Holdings in a report on Tuesday, July 19th. Finally, Citigroup Inc. dropped their price objective on shares of ExlService Holdings from $58.00 to $57.00 and set a “buy” rating on the stock in a report on Friday, July 29th.
In other news, CEO Rohit Kapoor sold 50,000 shares of the business’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $48.91, for a total value of $2,445,500.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Vikas Bhalla sold 4,062 shares of the business’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $52.50, for a total transaction of $213,255.00. Following the completion of the transaction, the executive vice president now directly owns 2 shares in the company, valued at approximately $105. The disclosure for this sale can be found here. 5.94% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in ExlService Holdings by 77.1% in the second quarter. Victory Capital Management Inc. now owns 1,918 shares of the company’s stock valued at $101,000 after buying an additional 835 shares during the period. Quantbot Technologies LP bought a new position in ExlService Holdings during the third quarter valued at approximately $112,000. BlackRock Inc. increased its position in ExlService Holdings by 118.4% in the first quarter. BlackRock Inc. now owns 2,488 shares of the company’s stock valued at $129,000 after buying an additional 1,349 shares during the period. 1st Global Advisors Inc. bought a new position in ExlService Holdings during the second quarter valued at approximately $212,000. Finally, Stanley Laman Group Ltd. bought a new position in ExlService Holdings during the second quarter valued at approximately $217,000. 97.05% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ExlService Holdings (NASDAQ:EXLS) opened at 44.68 on Wednesday. ExlService Holdings has a 12-month low of $40.80 and a 12-month high of $54.78. The company’s 50-day moving average is $47.40 and its 200-day moving average is $49.85. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 25.24 and a beta of 1.63.
ExlService Holdings (NASDAQ:EXLS) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. ExlService Holdings had a net margin of 9.04% and a return on equity of 13.57%. The firm earned $171.20 million during the quarter, compared to analyst estimates of $177.37 million. During the same period in the previous year, the business posted $0.58 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts predict that ExlService Holdings will post $2.33 earnings per share for the current 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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