ExlService (NASDAQ:EXLS) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS

ExlService (NASDAQ:EXLSGet Rating) posted its quarterly earnings results on Thursday. The business services provider reported $1.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.12, MarketWatch Earnings reports. The firm had revenue of $329.20 million during the quarter, compared to the consensus estimate of $307.04 million. ExlService had a return on equity of 19.27% and a net margin of 10.23%. The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.02 earnings per share. ExlService updated its FY22 guidance to $5.40-5.65 EPS.

EXLS opened at $143.36 on Friday. The firm’s 50 day moving average is $135.68 and its 200-day moving average is $131.96. ExlService has a 52-week low of $91.59 and a 52-week high of $154.98. The firm has a market capitalization of $4.76 billion, a P/E ratio of 42.92, a P/E/G ratio of 2.23 and a beta of 0.99.

Several equities analysts have recently weighed in on EXLS shares. Bank of America raised ExlService from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $132.00 to $143.00 in a research note on Tuesday, March 1st. StockNews.com downgraded shares of ExlService from a “buy” rating to a “hold” rating in a research note on Friday, April 22nd. Zacks Investment Research lowered shares of ExlService from a “buy” rating to a “hold” rating in a research report on Friday, March 4th. 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. Finally, Robert W. Baird increased their price target on ExlService from $138.00 to $146.00 in a report on Thursday, April 14th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $149.00.

In other ExlService news, EVP Narasimha Kini purchased 500 shares of the business’s stock in a transaction that occurred on Monday, March 14th. The shares were acquired at an average price of $124.50 per share, for a total transaction of $62,250.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Anita Mahon purchased 1,150 shares of ExlService stock in a transaction that occurred on Wednesday, March 16th. The stock was acquired at an average cost of $138.05 per share, with a total value of $158,757.50. The disclosure for this purchase can be found here. Insiders bought 4,613 shares of company stock valued at $604,726 over the last 90 days. Insiders own 3.60% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of EXLS. Schonfeld Strategic Advisors LLC acquired a new position in ExlService during the 4th quarter worth $724,000. LPL Financial LLC increased its holdings in ExlService by 21.3% in the fourth quarter. LPL Financial LLC now owns 12,858 shares of the business services provider’s stock valued at $1,861,000 after buying an additional 2,255 shares during the last quarter. Stifel Financial Corp increased its holdings in ExlService by 2.5% in the fourth quarter. Stifel Financial Corp now owns 14,166 shares of the business services provider’s stock valued at $2,050,000 after buying an additional 344 shares during the last quarter. Sei Investments Co. raised its stake in ExlService by 10.4% during the fourth quarter. Sei Investments Co. now owns 18,730 shares of the business services provider’s stock valued at $2,723,000 after buying an additional 1,764 shares in the last quarter. Finally, Vident Investment Advisory LLC lifted its holdings in ExlService by 2.3% during 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 during the last quarter. 91.62% of the stock is currently owned by hedge funds and other institutional investors.

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.

Featured Stories

Earnings History for ExlService (NASDAQ:EXLS)

Receive News & Ratings for ExlService Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExlService and related companies with MarketBeat.com's FREE daily email newsletter.