ExlService (NASDAQ:EXLS) Issues Quarterly Earnings Results

ExlService (NASDAQ:EXLS) issued its quarterly earnings results on Tuesday. The business services provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.06, FiscalAI reports. The company had revenue of $633.96 million during the quarter, compared to the consensus estimate of $615.51 million. ExlService had a net margin of 11.17% and a return on equity of 30.61%.

ExlService Trading Down 2.0%

EXLS traded down $0.84 during trading on Tuesday, reaching $40.93. 4,211,662 shares of the company were exchanged, compared to its average volume of 2,321,780. The firm has a 50 day moving average of $36.93 and a 200 day moving average of $32.83. ExlService has a 52 week low of $24.85 and a 52 week high of $43.88. The stock has a market cap of $6.21 billion, a P/E ratio of 25.74, a PEG ratio of 1.70 and a beta of 0.84.

Insider Activity at ExlService

In other news, insider Vikas Bhalla sold 11,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $35.38, for a total value of $389,180.00. Following the completion of the transaction, the insider directly owned 109,295 shares in the company, valued at $3,866,857.10. This trade represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.66% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Needham & Company LLC raised their price target on ExlService from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Wall Street Zen raised ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Robert W. Baird set a $45.00 price objective on ExlService and gave the company an “outperform” rating in a research report on Thursday, July 30th. TD Cowen restated a “buy” rating and issued a $45.00 price target (up from $43.00) on shares of ExlService in a report on Thursday, August 27th. Finally, Barrington Research set a $43.00 target price on ExlService in a research report on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, ExlService currently has a consensus rating of “Moderate Buy” and an average price target of $44.50.

About ExlService

ExlService Holdings, Inc, operating under the EXL brand, is a data analytics and digital operations company that helps businesses use data, technology and artificial intelligence to improve decision-making, manage risk and enhance operational performance. Its services include data management, advanced analytics, business process solutions, automation and technology-enabled transformation.

EXL serves clients across industries including insurance, healthcare, banking and capital markets, utilities, travel and transportation, retail, media and manufacturing.