ExlService Holdings, Inc. (EXLS) Stock Rating Reaffirmed by Stifel Nicolaus

ExlService Holdings, Inc. (NASDAQ:EXLS)‘s stock had its “buy” rating restated by Stifel Nicolaus in a research report issued to clients and investors on Sunday, July 30th. They currently have a $67.00 price target on the business services provider’s stock, up from their prior price target of $60.00. Stifel Nicolaus’ target price would suggest a potential upside of 19.75% from the stock’s current price.

EXLS has been the subject of several other reports. Zacks Investment Research raised ExlService Holdings from a “sell” rating to a “hold” rating in a research note on Friday, April 7th. Cowen and Company reaffirmed an “outperform” rating and set a $54.00 price objective on shares of ExlService Holdings in a research note on Tuesday, April 11th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $56.00 price objective (up from $50.00) on shares of ExlService Holdings in a research note on Wednesday, May 3rd. Barrington Research set a $65.00 price objective on ExlService Holdings and gave the company an “outperform” rating in a research note on Friday, July 28th. Finally, Needham & Company LLC upped their price objective on ExlService Holdings from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $59.80.

Shares of ExlService Holdings (EXLS) opened at 55.95 on Friday. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 28.39 and a beta of 1.30. The company’s 50-day moving average price is $55.83 and its 200 day moving average price is $50.10. ExlService Holdings has a 12-month low of $42.00 and a 12-month high of $59.84.

ExlService Holdings (NASDAQ:EXLS) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.24. The firm had revenue of $189.10 million during the quarter, compared to the consensus estimate of $185.65 million. ExlService Holdings had a return on equity of 14.34% and a net margin of 9.53%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 EPS. On average, equities research analysts forecast that ExlService Holdings will post $2.61 EPS for the current fiscal year.

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In related news, CFO Vishal Chhibbar sold 1,234 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $55.80, for a total value of $68,857.20. Following the sale, the chief financial officer now owns 7,119 shares in the company, valued at approximately $397,240.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Pavan Bagai sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $51.45, for a total value of $308,700.00. Following the completion of the sale, the chief operating officer now owns 67,581 shares in the company, valued at approximately $3,477,042.45. The disclosure for this sale can be found here. Insiders have sold a total of 81,242 shares of company stock worth $4,403,811 in the last quarter. 5.80% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in EXLS. BlackRock Inc. boosted its stake in ExlService Holdings by 145,337.4% in the first quarter. BlackRock Inc. now owns 3,986,440 shares of the business services provider’s stock worth $188,797,000 after buying an additional 3,983,699 shares in the last quarter. FMR LLC boosted its stake in ExlService Holdings by 16.8% in the second quarter. FMR LLC now owns 3,887,355 shares of the business services provider’s stock worth $216,060,000 after buying an additional 557,892 shares in the last quarter. Mackenzie Financial Corp boosted its stake in ExlService Holdings by 49.7% in the first quarter. Mackenzie Financial Corp now owns 1,022,878 shares of the business services provider’s stock worth $48,444,000 after buying an additional 339,521 shares in the last quarter. Norges Bank purchased a new stake in ExlService Holdings during the fourth quarter worth $13,667,000. Finally, Neumeier Poma Investment Counsel LLC purchased a new stake in ExlService Holdings during the second quarter worth $11,108,000. Institutional investors and hedge funds own 94.42% of the company’s stock.

About ExlService Holdings

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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