Recent Investment Analysts’ Ratings Updates for ExlService Holdings (EXLS)

A number of firms have modified their ratings and price targets on shares of ExlService Holdings (NASDAQ: EXLS) recently:

  • 8/8/2017 – ExlService Holdings was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/3/2017 – ExlService Holdings is now covered by analysts at Wedbush. They set a “neutral” rating and a $63.00 price target on the stock.
  • 8/2/2017 – ExlService Holdings was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/1/2017 – ExlService Holdings was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $66.00 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. “
  • 7/30/2017 – ExlService Holdings had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $60.00 price target on the stock, up previously from $59.00.
  • 7/30/2017 – ExlService Holdings had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $67.00 price target on the stock, up previously from $60.00.
  • 7/28/2017 – ExlService Holdings had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $54.00 price target on the stock.
  • 7/28/2017 – ExlService Holdings was given a new $65.00 price target on by analysts at Barrington Research. They now have an “outperform” rating on the stock.
  • 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.””

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) opened at 56.71 on Wednesday. The firm has a 50-day moving average of $55.47 and a 200-day moving average of $49.81. The company has a market capitalization of $1.91 billion, a P/E ratio of 28.77 and a beta of 1.30. ExlService Holdings, Inc. has a one year low of $42.00 and a one year high of $59.84.

ExlService Holdings (NASDAQ:EXLS) last issued its earnings results on Thursday, July 27th. The business services provider reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.24. The business had revenue of $189.10 million during the quarter, compared to analysts’ expectations of $185.65 million. ExlService Holdings had a net margin of 9.53% and a return on equity of 14.34%. The company’s quarterly 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 earnings per share. Analysts forecast that ExlService Holdings, Inc. will post $2.61 earnings per share for the current year.

In other news, CFO Vishal Chhibbar sold 1,234 shares of the stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $55.80, for a total value of $68,857.20. Following the completion of the sale, the chief financial officer now directly owns 7,119 shares in the company, valued at $397,240.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Pavan Bagai sold 6,000 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $51.45, for a total transaction of $308,700.00. Following the completion of the sale, the chief operating officer now owns 67,581 shares of the company’s stock, valued at $3,477,042.45. The disclosure for this sale can be found here. Insiders sold 81,242 shares of company stock valued at $4,403,811 over the last quarter. Company insiders own 5.80% of the company’s stock.

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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