Wells Fargo & Company Reaffirms Market Perform Rating for ExlService Holdings, Inc. (EXLS)
ExlService Holdings, Inc. (NASDAQ:EXLS)‘s stock had its “market perform” rating reiterated by Wells Fargo & Company in a research note issued to investors on Tuesday, May 23rd. They currently have a $50.00 price objective on the business services provider’s stock, up from their previous price objective of $48.00. Wells Fargo & Company’s price objective would indicate a potential downside of 4.94% from the stock’s current price.
A number of other research firms have also recently commented on EXLS. Zacks Investment Research upgraded ExlService Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Cantor Fitzgerald reiterated an “overweight” rating and set a $56.00 price objective (up previously from $50.00) on shares of ExlService Holdings in a research report on Wednesday, May 3rd. Finally, Cowen and Company restated an “outperform” rating and issued a $54.00 price target on shares of ExlService Holdings in a report on Tuesday, April 11th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $54.00.
Shares of ExlService Holdings (EXLS) traded up 0.08% during mid-day trading on Tuesday, hitting $52.60. 279,713 shares of the stock were exchanged. ExlService Holdings has a 52-week low of $42.00 and a 52-week high of $54.78. The company has a market cap of $1.77 billion, a P/E ratio of 28.13 and a beta of 1.36. The stock’s 50-day moving average price is $51.16 and its 200-day moving average price is $48.37.
ExlService Holdings (NASDAQ:EXLS) last posted its quarterly earnings data on Tuesday, May 2nd. The business services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.14. The firm had revenue of $183.03 million during the quarter, compared to analysts’ expectations of $176.96 million. ExlService Holdings had a return on equity of 13.59% and a net margin of 9.22%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 EPS. Equities research analysts anticipate that ExlService Holdings will post $2.57 earnings per share for the current fiscal year.
In other news, EVP Vikas Bhalla sold 11,168 shares of ExlService Holdings stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $47.53, for a total value of $530,815.04. Following the transaction, the executive vice president now directly owns 2 shares of the company’s stock, valued at approximately $95.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vishal Chhibbar sold 841 shares of ExlService Holdings stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $49.50, for a total value of $41,629.50. Following the completion of the transaction, the chief financial officer now directly owns 14,977 shares in the company, valued at $741,361.50. The disclosure for this sale can be found here. Insiders sold a total of 252,460 shares of company stock worth $12,129,623 over the last ninety days. Corporate insiders own 5.94% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in ExlService Holdings by 145,337.4% in the first quarter. BlackRock Inc. now owns 3,986,440 shares of the business services provider’s stock valued at $188,797,000 after buying an additional 3,983,699 shares during the period. Vanguard Group Inc. raised its position in ExlService Holdings by 4.9% in the first quarter. Vanguard Group Inc. now owns 2,887,499 shares of the business services provider’s stock valued at $136,752,000 after buying an additional 135,087 shares during the period. Aberdeen Asset Management PLC UK raised its position in ExlService Holdings by 16.1% in the first quarter. Aberdeen Asset Management PLC UK now owns 1,168,591 shares of the business services provider’s stock valued at $55,344,000 after buying an additional 162,445 shares during the period. Dimensional Fund Advisors LP raised its position in ExlService Holdings by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,160,228 shares of the business services provider’s stock valued at $54,948,000 after buying an additional 13,416 shares during the period. Finally, Mackenzie Financial Corp raised its position in ExlService Holdings by 49.7% in the first quarter. Mackenzie Financial Corp now owns 1,022,878 shares of the business services provider’s stock valued at $48,444,000 after buying an additional 339,521 shares during the period. 95.03% of the stock is currently 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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