ExlService Holdings, Inc. (NASDAQ:EXLS) – Equities research analysts at William Blair boosted their Q2 2021 earnings per share (EPS) estimates for shares of ExlService in a research report issued on Tuesday, September 15th. William Blair analyst M. Nolan now forecasts that the business services provider will post earnings per share of $0.66 for the quarter, up from their prior estimate of $0.57.
Other analysts have also issued research reports about the stock. Wells Fargo & Company reiterated a “hold” rating on shares of ExlService in a research report on Thursday, August 6th. Zacks Investment Research raised shares of ExlService from a “sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Citigroup increased their price objective on shares of ExlService from $56.00 to $69.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. JPMorgan Chase & Co. increased their price objective on shares of ExlService from $66.00 to $77.00 and gave the company a “neutral” rating in a research report on Monday, August 17th. Finally, BidaskClub downgraded shares of ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday, September 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $69.44.
ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.22. ExlService had a net margin of 7.29% and a return on equity of 13.04%. The firm had revenue of $222.50 million for the quarter, compared to the consensus estimate of $208.83 million. During the same period last year, the firm earned $0.74 earnings per share. The company’s quarterly revenue was down 8.6% on a year-over-year basis.
In other news, CFO Maurizio Nicolelli purchased 1,500 shares of ExlService stock in a transaction that occurred on Thursday, September 3rd. The stock was acquired at an average cost of $63.69 per share, for a total transaction of $95,535.00. Following the purchase, the chief financial officer now directly owns 1,500 shares of the company’s stock, valued at approximately $95,535. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Vivek Jetley sold 1,316 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $68.50, for a total value of $90,146.00. Following the completion of the sale, the executive vice president now owns 39,536 shares of the company’s stock, valued at $2,708,216. The disclosure for this sale can be found here. 3.20% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC boosted its position in ExlService by 21.0% during the 1st quarter. Mutual of America Capital Management LLC now owns 1,474 shares of the business services provider’s stock valued at $77,000 after acquiring an additional 256 shares in the last quarter. Private Capital Group LLC increased its stake in shares of ExlService by 25.0% in the 1st quarter. Private Capital Group LLC now owns 1,525 shares of the business services provider’s stock worth $79,000 after purchasing an additional 305 shares in the last quarter. Fort L.P. increased its stake in shares of ExlService by 71.0% in the 1st quarter. Fort L.P. now owns 2,332 shares of the business services provider’s stock worth $121,000 after purchasing an additional 968 shares in the last quarter. Smith Asset Management Group LP bought a new position in ExlService in the 1st quarter worth $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of ExlService by 28.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,453 shares of the business services provider’s stock valued at $128,000 after purchasing an additional 550 shares during the last quarter. Institutional investors and hedge funds own 95.95% of the company’s stock.
ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.
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