Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) have been assigned an average recommendation of “Buy” from the twelve analysts that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $64.57.
A number of equities research analysts have recently issued reports on EXLS shares. Zacks Investment Research lowered ExlService from a “buy” rating to a “hold” rating in a research report on Tuesday, July 17th. BidaskClub lowered ExlService from a “buy” rating to a “hold” rating in a research report on Wednesday, June 13th. SunTrust Banks upgraded ExlService from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Friday, June 1st. Finally, ValuEngine upgraded ExlService from a “hold” rating to a “buy” rating in a research report on Saturday, September 1st.
In other news, CFO Vishal Chhibbar sold 2,761 shares of the company’s stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $63.00, for a total value of $173,943.00. Following the completion of the sale, the chief financial officer now directly owns 8,600 shares in the company, valued at $541,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Vikas Bhalla sold 6,122 shares of the company’s stock in a transaction that occurred on Monday, July 9th. The shares were sold at an average price of $60.00, for a total value of $367,320.00. Following the completion of the sale, the executive vice president now owns 4,615 shares of the company’s stock, valued at $276,900. The disclosure for this sale can be found here. Insiders sold 110,629 shares of company stock valued at $6,858,889 over the last 90 days. Company insiders own 4.40% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can acquired a new position in ExlService in the second quarter valued at approximately $286,000. Measured Wealth Private Client Group LLC acquired a new position in ExlService in the second quarter valued at approximately $301,000. Atria Investments LLC acquired a new position in ExlService in the second quarter valued at approximately $322,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in ExlService in the second quarter valued at approximately $412,000. Finally, Acadian Asset Management LLC acquired a new position in ExlService in the second quarter valued at approximately $472,000. Hedge funds and other institutional investors own 91.46% of the company’s stock.
NASDAQ:EXLS traded down $0.68 during trading hours on Friday, hitting $64.07. 81,700 shares of the stock were exchanged, compared to its average volume of 130,442. ExlService has a 52-week low of $52.52 and a 52-week high of $64.95. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 0.10. The firm has a market cap of $2.21 billion, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 2.23 and a beta of 1.29.
ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Thursday, August 2nd. The business services provider reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.14. ExlService had a return on equity of 14.25% and a net margin of 6.11%. The company had revenue of $210.11 million during the quarter, compared to analyst estimates of $209.30 million. During the same period in the previous year, the business earned $0.70 EPS. ExlService’s quarterly revenue was up 11.1% on a year-over-year basis. research analysts forecast that ExlService will post 2.22 earnings per share for the current year.
ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.
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