ExlService (NASDAQ:EXLS – Get Free Report) released its quarterly earnings results on Tuesday. The business services provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.06, FiscalAI reports. ExlService had a return on equity of 30.61% and a net margin of 11.17%. The business had revenue of $633.96 million for the quarter, compared to analysts’ expectations of $615.51 million.
ExlService Trading Down 2.0%
EXLS stock traded down $0.84 during midday trading on Tuesday, hitting $40.93. The stock had a trading volume of 4,224,028 shares, compared to its average volume of 2,326,752. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 25.74, a P/E/G ratio of 1.70 and a beta of 0.84. ExlService has a 52 week low of $24.85 and a 52 week high of $43.88. The stock has a 50-day simple moving average of $36.93 and a 200 day simple moving average of $32.83.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the company. Wall Street Zen raised ExlService from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Robert W. Baird set a $45.00 target price on shares of ExlService and gave the company an “outperform” rating in a research note on Thursday, July 30th. TD Cowen reaffirmed a “buy” rating and set a $45.00 price target (up from $43.00) on shares of ExlService in a report on Thursday, August 27th. Barrington Research set a $43.00 price target on shares of ExlService in a research note on Thursday, July 30th. Finally, Needham & Company LLC lifted their price target on ExlService from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, ExlService has a consensus rating of “Moderate Buy” and an average target price of $44.50.
View Our Latest Analysis on ExlService
Insider Buying and Selling at ExlService
In other ExlService news, insider Vikas Bhalla sold 11,000 shares of ExlService stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $35.38, for a total transaction of $389,180.00. Following the completion of the transaction, the insider directly owned 109,295 shares of the company’s stock, valued at approximately $3,866,857.10. This trade represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.66% of the company’s stock.
ExlService Company Profile
ExlService Holdings, Inc, operating under the EXL brand, is a data analytics and digital operations company that helps businesses use data, technology and artificial intelligence to improve decision-making, manage risk and enhance operational performance. Its services include data management, advanced analytics, business process solutions, automation and technology-enabled transformation.
EXL serves clients across industries including insurance, healthcare, banking and capital markets, utilities, travel and transportation, retail, media and manufacturing.
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