ExlService’s (NASDAQ:EXLS) “Buy” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reissued their buy rating on shares of ExlService (NASDAQ:EXLS) in a research note released on Monday, May 6th, AnalystRatings.com reports. They currently have a $71.00 target price on the business services provider’s stock. Cantor Fitzgerald also issued estimates for ExlService’s FY2019 earnings at $2.31 EPS.

“: We maintain our Overweight rating and 12-month price target of $71 on EXL Services, following our meetings with management. We recently traveled with management. EXLS has seen steady demand in its core business. Margins are on track to improve this year with potential for further expansion. Health Integrated will wind down this year, which weighs on results in the short term, but should help over the long run.”,” the firm’s analyst wrote.

EXLS has been the topic of a number of other research reports. Zacks Investment Research lowered shares of ExlService from a hold rating to a sell rating in a research report on Tuesday, April 9th. ValuEngine lowered shares of ExlService from a buy rating to a hold rating in a research report on Tuesday, April 30th. Finally, BidaskClub lowered shares of ExlService from a buy rating to a hold rating in a research report on Tuesday, March 26th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. ExlService presently has an average rating of Hold and an average target price of $64.33.

EXLS traded down $0.39 during trading on Monday, reaching $59.26. The company had a trading volume of 108,659 shares, compared to its average volume of 112,009. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.40 and a current ratio of 3.40. ExlService has a 12 month low of $44.29 and a 12 month high of $67.06. The firm has a market cap of $2.03 billion, a P/E ratio of 25.65, a PEG ratio of 2.34 and a beta of 1.12.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.17. ExlService had a net margin of 5.27% and a return on equity of 13.63%. The firm had revenue of $239.57 million for the quarter, compared to analyst estimates of $238.88 million. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The business’s revenue was up 15.8% on a year-over-year basis. On average, sell-side analysts anticipate that ExlService will post 2.31 earnings per share for the current fiscal year.

In related news, VP Nagaraja Srivatsan sold 1,416 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $61.65, for a total transaction of $87,296.40. Following the transaction, the vice president now directly owns 542 shares in the company, valued at $33,414.30. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Nalin Kumar Miglani sold 992 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $60.35, for a total transaction of $59,867.20. The disclosure for this sale can be found here. In the last three months, insiders sold 31,208 shares of company stock worth $1,886,532. 3.60% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC increased its holdings in ExlService by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 379,825 shares of the business services provider’s stock worth $19,986,000 after buying an additional 23,627 shares during the last quarter. Polen Capital Management LLC increased its holdings in ExlService by 46.7% during the fourth quarter. Polen Capital Management LLC now owns 9,350 shares of the business services provider’s stock worth $492,000 after buying an additional 2,975 shares during the last quarter. Summit Creek Advisors LLC increased its holdings in ExlService by 49.4% during the fourth quarter. Summit Creek Advisors LLC now owns 143,990 shares of the business services provider’s stock worth $7,577,000 after buying an additional 47,640 shares during the last quarter. Eagle Asset Management Inc. increased its holdings in ExlService by 0.6% during the fourth quarter. Eagle Asset Management Inc. now owns 197,439 shares of the business services provider’s stock worth $10,389,000 after buying an additional 1,174 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in ExlService by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,204,762 shares of the business services provider’s stock worth $63,394,000 after buying an additional 10,567 shares during the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.

ExlService Company Profile

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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Analyst Recommendations for ExlService (NASDAQ:EXLS)

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