Key Points
- Insider Vikas Bhalla sold 10,573 ExlService shares for about $465,423, reducing his direct ownership by 10.76% to 87,722 shares. He also sold 11,000 shares in each of two earlier transactions.
- ExlService beat quarterly estimates, reporting EPS of $0.62 versus $0.56 expected and revenue of $633.96 million, up 19.7% year over year.
- Analysts’ consensus rating is “Moderate Buy”, with an average price target of $48.17; six analysts rate the stock Buy and one rates it Hold.
ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) EVP Ajay Ayyappan sold 5,100 shares of the stock in a transaction dated Thursday, November 12th. The stock was sold at an average price of $44.00, for a total transaction of $224,400.00. Following the completion of the transaction, the executive vice president directly owned 43,894 shares of the company's stock, valued at $1,931,336. This trade represents a 10.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
ExlService Price Performance
Shares of EXLS traded up $0.15 during mid-day trading on Friday, reaching $43.25. The company had a trading volume of 1,012,448 shares, compared to its average volume of 2,573,263. The company's 50 day simple moving average is $38.45 and its 200 day simple moving average is $32.85. ExlService Holdings, Inc. has a 1-year low of $24.85 and a 1-year high of $44.36. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.16 and a current ratio of 2.16. The company has a market capitalization of $6.52 billion, a price-to-earnings ratio of 25.74, a P/E/G ratio of 1.51 and a beta of 0.83.
ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The business services provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.06. The company had revenue of $633.96 million for the quarter, compared to analyst estimates of $615.51 million. ExlService had a net margin of 11.13% and a return on equity of 32.53%. The firm's revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 EPS. Analysts expect that ExlService Holdings, Inc. will post 1.88 EPS for the current year.
Institutional Trading of ExlService
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC raised its holdings in ExlService by 32.7% in the 2nd quarter. Hsbc Holdings PLC now owns 330,181 shares of the business services provider's stock valued at $8,391,000 after buying an additional 81,379 shares during the last quarter. Legal & General Group Plc acquired a new stake in ExlService during the 2nd quarter worth approximately $5,429,000. Squarepoint Ops LLC boosted its position in ExlService by 85.0% during the 2nd quarter. Squarepoint Ops LLC now owns 201,805 shares of the business services provider's stock worth $5,219,000 after buying an additional 92,697 shares during the period. Walleye Capital LLC boosted its position in ExlService by 1,422.3% during the 1st quarter. Walleye Capital LLC now owns 244,509 shares of the business services provider's stock worth $7,445,000 after buying an additional 228,447 shares during the period. Finally, Weiss Asset Management LP bought a new stake in ExlService during the 1st quarter worth approximately $3,794,000. 92.92% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. Barrington Research raised their target price on shares of ExlService from $43.00 to $48.00 and gave the company an "outperform" rating in a research report on Thursday, October 29th. Wall Street Zen upgraded shares of ExlService from a "hold" rating to a "buy" rating in a report on Saturday, September 26th. JPMorgan Chase & Co. upped their price target on shares of ExlService from $48.00 to $49.00 and gave the stock an "overweight" rating in a report on Thursday, October 29th. TD Cowen increased their price target on ExlService from $45.00 to $49.00 and gave the company a "buy" rating in a research note on Thursday, October 29th. Finally, Robert W. Baird set a $45.00 price objective on ExlService and gave the company an "outperform" rating in a report on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $48.17.
Read Our Latest Research Report on EXLS
ExlService Company Profile
(
Get Free Report)
ExlService Holdings, commonly known as EXL, is a global data analytics and digital operations company. Founded in 1999, it helps organizations use data, technology and artificial intelligence to improve business processes and customer experiences. EXL provides services including data and analytics, consulting, automation and business process management. Its work spans industries such as insurance, healthcare, banking and financial services, utilities, retail and travel. The company serves clients in multiple countries through a global network of delivery centers.
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