Weekly Research Analysts’ Ratings Updates for ExlService Holdings (EXLS)

Several brokerages have updated their recommendations and price targets on shares of ExlService Holdings (NASDAQ: EXLS) in the last few weeks:

• 7/24/2017 – ExlService Holdings was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
• 7/18/2017 – ExlService Holdings was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating. They now have a $59.00 price target on the stock, up previously from $54.00.
• 7/14/2017 – ExlService Holdings was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “EXLSERVICE HOLDINGS,INC., is a leading provider of offshore Business Process Outsourcing solutions to the Global 1000. EXL is an organization that strives to build lasting relationships with its clients based on consistent high-quality service delivery, trust, and confidence that is unparalleled in the BPO industry today. EXL specializes in providing BPO services to the Banking, Financial Services, Insurance, and Utilities industry verticals. “
• 7/6/2017 – ExlService Holdings was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
• 7/4/2017 – ExlService Holdings was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $64.00 price target on the stock. According to Zacks, “EXLSERVICE HOLDINGS,INC., is a leading provider of offshore Business Process Outsourcing solutions to the Global 1000. EXL is an organization that strives to build lasting relationships with its clients based on consistent high-quality service delivery, trust, and confidence that is unparalleled in the BPO industry today. EXL specializes in providing BPO services to the Banking, Financial Services, Insurance, and Utilities industry verticals. “
• 6/21/2017 – ExlService Holdings had its price target raised by analysts at Needham & Company LLC from $56.00 to $59.00. They now have a “buy” rating on the stock.
• 6/20/2017 – ExlService Holdings had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $59.00 price target on the stock. They wrote, “Two large addressable markets. EXL operates in two business segments: Operations Management and Analytics. Industry body Nasscom projects the global Operations Management sourcing market to grow to over $225 bn by 2020, at an annual pace of 6-7%. EXL targets mid-to-high single-digit growth for this business. Nasscom estimates the market is only 20-25% penetrated.””

ExlService Holdings, Inc. (EXLS) traded down 0.38% during mid-day trading on Wednesday, hitting $55.64. The company had a trading volume of 122,409 shares. ExlService Holdings, Inc. has a 52 week low of $42.00 and a 52 week high of $56.66. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 29.75 and a beta of 1.30. The firm’s 50 day moving average is $54.40 and its 200 day moving average is $49.33.

ExlService Holdings (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, May 2nd. The business services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.14. The firm had revenue of $183.03 million during the quarter, compared to analyst estimates of $176.96 million. ExlService Holdings had a return on equity of 13.59% and a net margin of 9.22%. ExlService Holdings’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 earnings per share. On average, equities research analysts predict that ExlService Holdings, Inc. will post $2.57 EPS for the current year.

In related news, CFO Vishal Chhibbar sold 841 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $49.50, for a total value of $41,629.50. Following the completion of the sale, the chief financial officer now owns 14,977 shares in the company, valued at $741,361.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Pavan Bagai sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $49.49, for a total value of $296,940.00. Following the completion of the sale, the chief operating officer now owns 85,581 shares of the company’s stock, valued at approximately $4,235,403.69. The disclosure for this sale can be found here. Insiders sold 144,839 shares of company stock valued at $7,511,837 in the last quarter. 5.80% of the stock is owned by company insiders.

ExlService Holdings, Inc is an operations management and analytics company. The Company segments include Insurance; Healthcare; Travel, Transportation and Logistics; Finance and Accounting (F&A); Analytics, and All Other. The Insurance operating segment serves property and casualty insurance, life insurance, disability insurance, annuity and retirement services companies.