ExlService Holdings, Inc. (EXLS) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of ExlService Holdings, Inc. (NASDAQ:EXLS) from a hold rating to a buy rating in a research note published on Tuesday morning. They currently have $68.00 target price on the business services provider’s stock.
According to Zacks, “EXLSERVICE HOLDINGS,INC., is a leading provider of offshore Business Process Outsourcing solutions to the Global 1000. EXL is an organization that strives to build lasting relationships with its clients based on consistent high-quality service delivery, trust, and confidence that is unparalleled in the BPO industry today. EXL specializes in providing BPO services to the Banking, Financial Services, Insurance, and Utilities industry verticals. “
Other research analysts have also issued research reports about the stock. Cowen and Company restated a buy rating and issued a $54.00 price target on shares of ExlService Holdings in a research report on Friday, July 28th. Stifel Nicolaus restated a buy rating and issued a $67.00 price target on shares of ExlService Holdings in a research report on Thursday, October 26th. Citigroup Inc lifted their price target on shares of ExlService Holdings from $59.00 to $61.00 and gave the stock a neutral rating in a research report on Friday, October 27th. BidaskClub lowered shares of ExlService Holdings from a strong-buy rating to a buy rating in a research report on Thursday, July 6th. Finally, Bank of America Corporation lowered shares of ExlService Holdings from a buy rating to an underperform rating and set a $55.00 price target on the stock. in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $62.33.
ExlService Holdings (EXLS) traded up $0.53 during midday trading on Tuesday, reaching $62.29. 85,645 shares of the company’s stock traded hands, compared to its average volume of 142,524. The stock has a market capitalization of $2.12 billion, a PE ratio of 25.98, a PEG ratio of 2.15 and a beta of 1.30. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.08.
ExlService Holdings (NASDAQ:EXLS) last posted its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.03. The firm had revenue of $192.30 million for the quarter, compared to analyst estimates of $191.20 million. ExlService Holdings had a net margin of 9.94% and a return on equity of 14.81%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 earnings per share. research analysts expect that ExlService Holdings will post 2.12 earnings per share for the current year.
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In other ExlService Holdings news, CEO Rohit Kapoor sold 14,220 shares of ExlService Holdings stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $55.63, for a total transaction of $791,058.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Villa Rembert De sold 900 shares of ExlService Holdings stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $56.01, for a total transaction of $50,409.00. Following the sale, the executive vice president now directly owns 10,697 shares of the company’s stock, valued at approximately $599,138.97. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 369,302 shares of company stock worth $21,506,857. Corporate insiders own 5.80% of the company’s stock.
Several large investors have recently modified their holdings of EXLS. Huntington National Bank boosted its stake in shares of ExlService Holdings by 82.8% during the 2nd quarter. Huntington National Bank now owns 2,007 shares of the business services provider’s stock valued at $112,000 after buying an additional 909 shares during the period. Riverhead Capital Management LLC boosted its stake in shares of ExlService Holdings by 61.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,264 shares of the business services provider’s stock valued at $126,000 after buying an additional 864 shares during the period. Personal Capital Advisors Corp acquired a new stake in shares of ExlService Holdings during the 2nd quarter valued at $212,000. Sei Investments Co. boosted its stake in shares of ExlService Holdings by 105.3% during the 2nd quarter. Sei Investments Co. now owns 3,899 shares of the business services provider’s stock valued at $217,000 after buying an additional 2,000 shares during the period. Finally, Fortaleza Asset Management Inc. acquired a new stake in shares of ExlService Holdings during the 2nd quarter valued at $230,000. 94.92% of the stock is owned by 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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