ExlService Holdings, Inc. (NASDAQ: EXLS) – Equity researchers at Barrington Research raised their earnings per share estimates for the third quarter of 2021 for ExlService in a report released on Monday, August 2. Barrington Research analyst V. Colicchio now expects the business services provider to post earnings per share of $ 0.85 for the quarter, up from its previous estimate of $ 0.81. Barrington Research also released estimates for ExlService earnings for the fourth quarter of 2021 at $ 0.86 per share, earnings for fiscal 2021 at $ 3.62 per share, and earnings for fiscal 2022 at 3 , $ 66 per share. ExlService (NASDAQ: EXLS) last released its quarterly results on Thursday, July 29. The business services provider reported earnings per share of $ 1.14 for the quarter, beating the consensus estimate of $ 0.85 by $ 0.29. ExlService recorded a return on equity of 17.92% and a net margin of 11.55%.
Several other research analysts have also recently published reports on the company. Bank of America downgraded ExlService from an “underperforming” rating to a “neutral” rating and set a price target of $ 102.00 for the company in a research note on Wednesday, May 12. Wedbush reiterated a “neutral” note on ExlService shares in a research report on Thursday, July 29. To finish, Zacks investment research upgraded ExlService from a “keep” rating to a “buy” rating and set a price target of $ 119.00 for the company in a research report released on Tuesday, July 20. Seven research analysts rated the stock with a conservation rating and two gave the company’s stock a buy rating. The stock currently has a consensus rating of “Hold” and a consensus target price of $ 101.25.
Actions of NASDAQ: EXLS open for $ 114.86 Thursday. ExlService has a minimum of $ 59.97 over 52 weeks and a maximum of $ 117.95 over 52 weeks. The stock has a market cap of $ 3.81 billion, a PE ratio of 31.37, a price / earnings-growth ratio of 2.93 and a beta of 0.96. The company has a debt to equity ratio of 0.19, a quick ratio of 2.61 and a current ratio of 2.61. The company has a 50-day moving average price of $ 106.67.
Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in ExlService during the second quarter valued at $ 90,000. DekaBank Deutsche Girozentrale acquired a new position in ExlService during the first quarter valued at $ 137,000. Quantbot Technologies LP increased its stake in ExlService by 2,321.4% during the first quarter. Quantbot Technologies LP now owns 1,695 shares of the business services provider valued at $ 152,000 after purchasing an additional 1,625 shares in the last quarter. FORA Capital LLC acquired a new position in ExlService during the first quarter valued at $ 176,000. Finally, Cornerstone Investment Partners LLC acquired a new position in ExlService during the first quarter valued at $ 204,000. 95.29% of the shares are currently held by institutional investors.
In other news, the CEO Rohit Kapoor sold 21,000 shares of ExlService in a transaction that took place on Thursday, May 20. The stock was sold for an average price of $ 99.03, for a total value of $ 2,079,630.00. Following the sale, the CEO now directly owns 185,550 shares of the company, valued at $ 18,375,016.50. The sale was disclosed in a file with the Securities & Exchange Commission, which can be accessed via this hyperlink. In addition, director Garen K. Staglin bought 2,500 shares in a trade dated Thursday, July 15. The stock was purchased at an average cost of $ 108.79 per share, for a total transaction of $ 271,975.00. Following the completion of the purchase, the Director now directly owns 31,399 shares of the company, valued at $ 3,415,897.21. Disclosure of this purchase can be found here. Insiders bought 10,000 shares of the company worth $ 1,074,450 in the past 90 days. Company insiders own 3.60% of the company’s shares.
ExlService Company Profile
ExlService Holdings, Inc is an operations management and analytics company, committed to business process management. It operates in the following sectors: insurance, healthcare, travel, transport and logistics, finance and accounting, analytics and any other. The Insurance segment serves general insurance, life insurance, disability insurance, annuity and retirement companies.
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