Several other research analysts also recently commented on EXLS. TD Cowen cut their target price on ExlService to $37.00 and set an “outperform” rating on the stock in a report on Monday, August 21st. JPMorgan Chase & Co. lifted their target price on ExlService from $34.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, August 22nd. Robert W. Baird cut their target price on ExlService from $37.00 to $36.00 in a report on Monday, July 17th. Citigroup cut their target price on ExlService from $35.00 to $32.40 and set a “neutral” rating on the stock in a report on Friday, July 28th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of ExlService in a research report on Friday, July 28th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $36.07.
ExlService Price Performance
ExlService (NASDAQ:EXLS – Get Free Report) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.04. ExlService had a return on equity of 23.88% and a net margin of 11.11%. The company had revenue of $405.00 million for the quarter, compared to the consensus estimate of $400.00 million. As a group, research analysts expect that ExlService will post 1.15 EPS for the current fiscal year.
Insider Transactions at ExlService
In related news, EVP Vikas Bhalla sold 25,995 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $28.23, for a total value of $733,838.85. Following the completion of the sale, the executive vice president now directly owns 75,730 shares of the company’s stock, valued at approximately $2,137,857.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.75% of the company’s stock.
Institutional Trading of ExlService
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXLS. Bank of Montreal Can increased its position in ExlService by 17.3% in the 1st quarter. Bank of Montreal Can now owns 13,693 shares of the business services provider’s stock valued at $1,976,000 after buying an additional 2,020 shares in the last quarter. MetLife Investment Management LLC increased its holdings in ExlService by 54.1% during the 1st quarter. MetLife Investment Management LLC now owns 17,536 shares of the business services provider’s stock worth $2,512,000 after purchasing an additional 6,159 shares in the last quarter. Rhumbline Advisers increased its holdings in ExlService by 4.1% during the 1st quarter. Rhumbline Advisers now owns 89,554 shares of the business services provider’s stock worth $12,830,000 after purchasing an additional 3,535 shares in the last quarter. BlackRock Inc. increased its holdings in ExlService by 1.4% during the 1st quarter. BlackRock Inc. now owns 5,054,281 shares of the business services provider’s stock worth $724,125,000 after purchasing an additional 67,935 shares in the last quarter. Finally, Westwood Holdings Group Inc. bought a new stake in ExlService during the 1st quarter worth approximately $264,000. 18.96% of the stock is owned by institutional investors.
ExlService Company Profile
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, 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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