ExlService (NASDAQ:EXLS)‘s stock had its “buy” rating reiterated by analysts at Cantor Fitzgerald in a note issued to investors on Monday, February 19th. They currently have a $71.00 target price on the business services provider’s stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 20.20% from the stock’s current price.
The analysts wrote, “We are hosting a call for institutional investors focused on providing valuable insight into the Robotics Processing Automation (RPA) industry on March 2 at 10 AM ET. Please ask us or your Cantor salesperson for details or let us know if you have any questions for the call.””
EXLS has been the topic of a number of other research reports. Zacks Investment Research downgraded ExlService from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. BidaskClub upgraded ExlService from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Finally, ValuEngine downgraded ExlService from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. ExlService currently has an average rating of “Hold” and an average target price of $62.50.
ExlService (NASDAQ:EXLS) last posted its earnings results on Tuesday, February 27th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.02. The firm had revenue of $197.88 million for the quarter, compared to analyst estimates of $194.86 million. ExlService had a return on equity of 15.09% and a net margin of 6.41%. ExlService’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 EPS. research analysts expect that ExlService will post 2.26 earnings per share for the current year.
In related news, EVP Villa Rembert De sold 3,428 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $60.01, for a total value of $205,714.28. Following the transaction, the executive vice president now owns 9,335 shares in the company, valued at $560,193.35. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Nalin Kumar Miglani sold 1,104 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $61.48, for a total value of $67,873.92. Following the completion of the transaction, the executive vice president now owns 6,083 shares in the company, valued at approximately $373,982.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,014 shares of company stock valued at $1,026,173. Company insiders own 5.80% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB bought a new position in shares of ExlService during the fourth quarter valued at approximately $408,000. We Are One Seven LLC bought a new position in shares of ExlService during the fourth quarter valued at approximately $191,000. MetLife Investment Advisors LLC bought a new position in shares of ExlService during the fourth quarter valued at approximately $855,000. Millennium Management LLC grew its holdings in shares of ExlService by 699.9% during the fourth quarter. Millennium Management LLC now owns 111,121 shares of the business services provider’s stock valued at $6,706,000 after purchasing an additional 97,230 shares during the last quarter. Finally, Teachers Advisors LLC grew its holdings in ExlService by 3.3% in the 4th quarter. Teachers Advisors LLC now owns 370,029 shares of the business services provider’s stock worth $22,331,000 after buying an additional 11,819 shares in the last quarter. 92.51% of the stock is owned by institutional investors.
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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.
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