ExlService (NASDAQ:EXLS) Issues FY22 Earnings Guidance

ExlService (NASDAQ:EXLSGet Rating) issued an update on its FY22 earnings guidance on Thursday morning. The company provided EPS guidance of $5.40-5.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.50. The company issued revenue guidance of $1.315-1.335 billion, compared to the consensus revenue estimate of $1.30 billion.

Shares of ExlService stock opened at $143.07 on Thursday. ExlService has a 52-week low of $91.59 and a 52-week high of $154.98. The company has a 50 day moving average of $135.09 and a 200 day moving average of $131.82. The company has a market capitalization of $4.75 billion, a P/E ratio of 42.84, a P/E/G ratio of 2.23 and a beta of 0.99.

ExlService (NASDAQ:EXLSGet Rating) last released its quarterly earnings data on Thursday, February 24th. The business services provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05. ExlService had a net margin of 10.23% and a return on equity of 19.27%. The company had revenue of $295.50 million for the quarter, compared to analysts’ expectations of $290.53 million. During the same quarter last year, the company earned $0.98 earnings per share. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. As a group, analysts predict that ExlService will post 4.23 EPS for the current year.

A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of ExlService from a buy rating to a hold rating in a report on Friday, March 4th. Bank of America raised shares of ExlService from a neutral rating to a buy rating and raised their price objective for the stock from $132.00 to $143.00 in a report on Tuesday, March 1st. StockNews.com cut shares of ExlService from a buy rating to a hold rating in a report on Friday, April 22nd. Citigroup lifted their target price on shares of ExlService from $127.00 to $149.00 in a report on Wednesday, April 20th. Finally, Cowen lifted their target price on shares of ExlService from $145.00 to $160.00 and gave the company an outperform rating in a report on Tuesday, April 5th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Hold and a consensus price target of $149.00.

In other news, EVP Anita Mahon acquired 1,150 shares of the company’s stock in a transaction on Wednesday, March 16th. The shares were bought at an average cost of $138.05 per share, with a total value of $158,757.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Narasimha Kini bought 500 shares of the firm’s stock in a transaction on Monday, March 14th. The shares were bought at an average price of $124.50 per share, for a total transaction of $62,250.00. The disclosure for this purchase can be found here. Insiders bought a total of 4,613 shares of company stock worth $604,726 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Schonfeld Strategic Advisors LLC purchased a new stake in shares of ExlService during the 4th quarter worth $724,000. LPL Financial LLC boosted its position in shares of ExlService by 21.3% during the 4th quarter. LPL Financial LLC now owns 12,858 shares of the business services provider’s stock worth $1,861,000 after purchasing an additional 2,255 shares in the last quarter. Stifel Financial Corp boosted its position in shares of ExlService by 2.5% in the 4th quarter. Stifel Financial Corp now owns 14,166 shares of the business services provider’s stock worth $2,050,000 after buying an additional 344 shares in the last quarter. Sei Investments Co. boosted its position in shares of ExlService by 10.4% in the 4th quarter. Sei Investments Co. now owns 18,730 shares of the business services provider’s stock worth $2,723,000 after buying an additional 1,764 shares in the last quarter. Finally, Vident Investment Advisory LLC boosted its position in shares of ExlService by 2.3% in the 4th quarter. Vident Investment Advisory LLC now owns 19,226 shares of the business services provider’s stock worth $2,783,000 after buying an additional 440 shares in the last quarter. Institutional investors own 91.62% of the company’s stock.

ExlService Company Profile (Get Rating)

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. It operates through Insurance, Healthcare, Analytics, and Emerging Business segments. The company provides digital operations and solutions and analytics-driven services across the insurance industry in areas, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.

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