ExlService Holdings, Inc. (NASDAQ:EXLS) – Equities research analysts at Wedbush upped their Q2 2021 earnings per share (EPS) estimates for ExlService in a note issued to investors on Tuesday, September 15th. Wedbush analyst M. Katri now anticipates that the business services provider will post earnings per share of $0.70 for the quarter, up from their previous forecast of $0.62.
EXLS has been the subject of several other research reports. TheStreet upgraded shares of ExlService from a “c+” rating to a “b-” rating in a research note on Tuesday, August 11th. Zacks Investment Research upgraded shares of ExlService from a “sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Barrington Research reiterated a “hold” rating on shares of ExlService in a research note on Friday, August 7th. Wells Fargo & Company reiterated a “hold” rating on shares of ExlService in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of ExlService from $66.00 to $77.00 and gave the company a “neutral” rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $69.44.
ExlService (NASDAQ:EXLS) last released its earnings results on Thursday, August 6th. The business services provider reported $0.53 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $222.50 million during the quarter, compared to analysts’ expectations of $208.83 million. During the same quarter last year, the business earned $0.74 EPS. The business’s revenue was down 8.6% on a year-over-year basis.
Hedge funds and other institutional investors have recently modified their holdings of the company. Mutual of America Capital Management LLC grew its holdings in shares of ExlService by 21.0% during the first quarter. Mutual of America Capital Management LLC now owns 1,474 shares of the business services provider’s stock worth $77,000 after buying an additional 256 shares in the last quarter. Private Capital Group LLC grew its holdings in shares of ExlService by 25.0% during the first quarter. Private Capital Group LLC now owns 1,525 shares of the business services provider’s stock worth $79,000 after buying an additional 305 shares in the last quarter. Fort L.P. grew its holdings in shares of ExlService by 71.0% during the first quarter. Fort L.P. now owns 2,332 shares of the business services provider’s stock worth $121,000 after buying an additional 968 shares in the last quarter. Smith Asset Management Group LP purchased a new stake in shares of ExlService during the first quarter worth about $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of ExlService by 28.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,453 shares of the business services provider’s stock worth $128,000 after buying an additional 550 shares in the last quarter. Institutional investors and hedge funds own 95.95% of the company’s stock.
In other ExlService news, EVP Vivek Jetley sold 1,316 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $68.50, for a total transaction of $90,146.00. Following the completion of the transaction, the executive vice president now directly owns 39,536 shares in the company, valued at approximately $2,708,216. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Maurizio Nicolelli purchased 1,500 shares of the stock in a transaction dated Thursday, September 3rd. The shares were purchased at an average price of $63.69 per share, with a total value of $95,535.00. Following the completion of the acquisition, the chief financial officer now owns 1,500 shares of the company’s stock, valued at $95,535. The disclosure for this purchase can be found here. Company insiders own 3.20% 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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