ExlService Holdings, Inc. (NASDAQ:EXLS) Director Garen K. Staglin sold 5,631 shares of the stock in a transaction on Monday, September 10th. The shares were sold at an average price of $64.18, for a total transaction of $361,397.58. Following the transaction, the director now owns 24,477 shares of the company’s stock, valued at approximately $1,570,933.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of ExlService stock traded down $0.18 during trading on Friday, hitting $63.42. The stock had a trading volume of 174,315 shares, compared to its average volume of 130,259. The firm has a market capitalization of $2.27 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 2.29 and a beta of 1.28. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 0.10. ExlService Holdings, Inc. has a 12 month low of $52.52 and a 12 month high of $67.06.
ExlService (NASDAQ:EXLS) last released its earnings results on Thursday, August 2nd. The business services provider reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.14. The firm had revenue of $210.11 million during the quarter, compared to analyst estimates of $209.30 million. ExlService had a net margin of 6.11% and a return on equity of 14.25%. The business’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business earned $0.70 EPS. As a group, sell-side analysts predict that ExlService Holdings, Inc. will post 2.22 earnings per share for the current fiscal year.
Several equities analysts have commented on EXLS shares. Barrington Research set a $70.00 price objective on shares of ExlService and gave the company a “buy” rating in a research report on Friday, July 13th. ValuEngine upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research report on Wednesday, July 11th. BidaskClub upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Saturday, July 7th. Zacks Investment Research upgraded shares of ExlService from a “sell” rating to a “buy” rating and set a $65.00 target price for the company in a report on Tuesday, July 3rd. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $71.00 target price on shares of ExlService in a report on Thursday, August 2nd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $64.00.
A number of hedge funds have recently bought and sold shares of EXLS. Fenimore Asset Management Inc. purchased a new position in ExlService in the 2nd quarter worth about $10,477,000. Atria Investments LLC purchased a new position in ExlService in the 2nd quarter worth about $322,000. Bank of Montreal Can purchased a new position in ExlService in the 2nd quarter worth about $286,000. Acadian Asset Management LLC purchased a new position in ExlService in the 2nd quarter worth about $472,000. Finally, Tributary Capital Management LLC increased its stake in ExlService by 9.5% in the 2nd quarter. Tributary Capital Management LLC now owns 350,982 shares of the business services provider’s stock worth $19,869,000 after buying an additional 30,329 shares during the period. 91.44% of the stock is currently owned by institutional investors.
ExlService Company Profile
ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.
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