Barrington Research Increases ExlService Holdings, Inc. (EXLS) Price Target to $72.00

ExlService Holdings, Inc. (NASDAQ:EXLS) had its price target raised by equities research analysts at Barrington Research from $65.00 to $72.00 in a note issued to investors on Friday. The firm presently has an “outperform” rating on the business services provider’s stock. Barrington Research’s target price suggests a potential upside of 15.31% from the stock’s current price.

Several other equities research analysts have also commented on the company. Citigroup Inc. boosted their price target on ExlService Holdings from $59.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday. Stifel Nicolaus reissued a “buy” rating and set a $67.00 price target on shares of ExlService Holdings in a research note on Thursday. Cantor Fitzgerald reissued a “buy” rating and set a $64.00 price target on shares of ExlService Holdings in a research note on Thursday. Cowen and Company reissued a “buy” rating and set a $54.00 price target on shares of ExlService Holdings in a research note on Thursday, October 12th. Finally, Robert W. Baird boosted their price target on ExlService Holdings from $62.00 to $66.00 and gave the stock an “outperform” rating in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $62.17.

ExlService Holdings (NASDAQ EXLS) traded down 0.26% during midday trading on Friday, hitting $62.44. The company had a trading volume of 208,794 shares. The stock has a market capitalization of $2.11 billion, a PE ratio of 31.68 and a beta of 1.27. The stock has a 50 day moving average price of $58.78 and a 200-day moving average price of $54.57. ExlService Holdings has a 52 week low of $42.02 and a 52 week high of $62.92.

ExlService Holdings (NASDAQ:EXLS) last released its earnings results on Thursday, October 26th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.03. ExlService Holdings had a return on equity of 14.81% and a net margin of 9.94%. The company had revenue of $192.30 million for the quarter, compared to analysts’ expectations of $191.20 million. During the same quarter in the previous year, the firm posted $0.61 EPS. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. On average, equities analysts predict that ExlService Holdings will post $2.63 EPS for the current year.

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In other ExlService Holdings news, COO Pavan Bagai sold 23,311 shares of the business’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $60.27, for a total value of $1,404,953.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vishal Chhibbar sold 3,000 shares of the business’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $60.30, for a total value of $180,900.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 345,249 shares of company stock worth $20,005,339. 5.80% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Huntington National Bank raised its holdings in ExlService Holdings by 82.8% in the 2nd quarter. Huntington National Bank now owns 2,007 shares of the business services provider’s stock valued at $112,000 after acquiring an additional 909 shares during the last quarter. Riverhead Capital Management LLC raised its holdings in ExlService Holdings by 61.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,264 shares of the business services provider’s stock valued at $126,000 after acquiring an additional 864 shares during the last quarter. Personal Capital Advisors Corp acquired a new position in ExlService Holdings in the 2nd quarter valued at $212,000. Sei Investments Co. raised its holdings in ExlService Holdings by 105.3% in the 2nd quarter. Sei Investments Co. now owns 3,899 shares of the business services provider’s stock valued at $217,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in ExlService Holdings by 72.6% in the 1st quarter. Victory Capital Management Inc. now owns 3,918 shares of the business services provider’s stock valued at $186,000 after acquiring an additional 1,648 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

ExlService Holdings Company Profile

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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