Barrington Research Reaffirms “Outperform” Rating for ExlService (NASDAQ:EXLS)

Barrington Research reaffirmed their outperform rating on shares of ExlService (NASDAQ:EXLS) in a research note released on Wednesday morning, AnalystRatings.com reports. The brokerage currently has a $79.00 target price on the business services provider’s stock, up from their previous target price of $70.00.

“We are raising our 2019 non-GAAP EPS forecast to $2.92 from $2.91 and our 2020 non-GAAP EPS forecast to $3.28 from $3.25.”,” Barrington Research’s analyst commented.

Several other brokerages have also issued reports on EXLS. ValuEngine lowered shares of ExlService from a buy rating to a hold rating in a research report on Tuesday, April 30th. Cantor Fitzgerald reiterated a buy rating and issued a $71.00 target price on shares of ExlService in a research report on Monday, May 6th. Zacks Investment Research lowered shares of ExlService from a buy rating to a hold rating and set a $73.00 target price for the company. in a research report on Thursday, July 25th. BidaskClub lowered shares of ExlService from a buy rating to a hold rating in a research report on Tuesday, June 11th. Finally, Citigroup lowered shares of ExlService from a neutral rating to a sell rating and set a $60.00 target price for the company. in a research report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $69.20.

Shares of ExlService stock traded down $0.65 during trading on Wednesday, hitting $67.74. The stock had a trading volume of 144,519 shares, compared to its average volume of 131,136. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 29.32, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07. ExlService has a 12 month low of $44.29 and a 12 month high of $70.03. The company’s 50-day moving average price is $65.37. The company has a debt-to-equity ratio of 0.36, a quick ratio of 3.40 and a current ratio of 2.91.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Tuesday, July 30th. The business services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. ExlService had a net margin of 4.89% and a return on equity of 13.60%. The firm had revenue of $243.50 million for the quarter, compared to analysts’ expectations of $241.67 million. During the same quarter in the prior year, the firm posted $0.67 earnings per share. The business’s quarterly revenue was up 15.9% on a year-over-year basis. On average, sell-side analysts expect that ExlService will post 2.31 earnings per share for the current fiscal year.

In other ExlService news, SVP Ajay Ayyappan sold 1,892 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $63.50, for a total transaction of $120,142.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Vikas Bhalla sold 10,000 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $66.35, for a total transaction of $663,500.00. Following the sale, the executive vice president now owns 920 shares of the company’s stock, valued at $61,042. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of EXLS. Icon Wealth Partners LLC purchased a new stake in ExlService during the first quarter valued at about $29,000. Zions Bancorporation N.A. purchased a new stake in ExlService during the first quarter valued at about $54,000. Strs Ohio purchased a new stake in ExlService during the second quarter valued at about $72,000. Quantamental Technologies LLC purchased a new stake in ExlService during the first quarter valued at about $95,000. Finally, Amundi Pioneer Asset Management Inc. purchased a new stake in ExlService during the fourth quarter valued at about $179,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

About ExlService

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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