SunTrust Banks, Inc. Reaffirms Hold Rating for ExlService Holdings, Inc. (NASDAQ:EXLS)

SunTrust Banks, Inc. reaffirmed their hold rating on shares of ExlService Holdings, Inc. (NASDAQ:EXLS) in a research report released on Monday, October 9th. They currently have a $60.00 target price on the business services provider’s stock.

A number of other research firms also recently issued reports on EXLS. Zacks Investment Research upgraded ExlService Holdings from a hold rating to a strong-buy rating and set a $66.00 price target on the stock in a research note on Tuesday, August 1st. Needham & Company LLC restated a buy rating and issued a $60.00 price target (up from $59.00) on shares of ExlService Holdings in a research note on Sunday, July 30th. Stifel Nicolaus restated a buy rating and issued a $67.00 price target (up from $60.00) on shares of ExlService Holdings in a research note on Sunday, July 30th. BidaskClub upgraded ExlService Holdings from a hold rating to a buy rating in a research note on Wednesday, August 2nd. Finally, Wedbush assumed coverage on ExlService Holdings in a research note on Thursday, August 3rd. They issued a neutral rating and a $63.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $60.33.

Shares of ExlService Holdings (EXLS) traded up 0.49% during mid-day trading on Monday, reaching $61.20. The company’s stock had a trading volume of 156,799 shares. The firm has a market cap of $2.07 billion, a PE ratio of 31.05 and a beta of 1.27. ExlService Holdings has a 12 month low of $42.00 and a 12 month high of $61.89. The company has a 50-day moving average of $58.08 and a 200-day moving average of $54.02.

ExlService Holdings (NASDAQ:EXLS) last issued its earnings results on Thursday, July 27th. The business services provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.46 by $0.24. The business had revenue of $189.10 million for the quarter, compared to the consensus estimate of $185.65 million. ExlService Holdings had a return on equity of 14.34% and a net margin of 9.53%. The company’s revenue was up 10.9% compared to the same quarter last year. During the same period last year, the business posted $0.55 EPS. On average, analysts predict that ExlService Holdings will post $2.61 earnings per share for the current year.

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In other ExlService Holdings news, CFO Vishal Chhibbar sold 7,119 shares of the firm’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $59.41, for a total transaction of $422,939.79. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Pavan Bagai sold 23,311 shares of the firm’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $60.27, for a total value of $1,404,953.97. The disclosure for this sale can be found here. Over the last three months, insiders have sold 345,249 shares of company stock worth $20,005,339. Insiders own 5.80% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its position in shares of ExlService Holdings by 145,337.4% during the first quarter. BlackRock Inc. now owns 3,986,440 shares of the business services provider’s stock valued at $188,797,000 after purchasing an additional 3,983,699 shares in the last quarter. FMR LLC grew its position in shares of ExlService Holdings by 16.8% during the second quarter. FMR LLC now owns 3,887,355 shares of the business services provider’s stock valued at $216,060,000 after purchasing an additional 557,892 shares in the last quarter. Vanguard Group Inc. grew its position in shares of ExlService Holdings by 2.1% during the second quarter. Vanguard Group Inc. now owns 2,949,034 shares of the business services provider’s stock valued at $163,908,000 after purchasing an additional 61,535 shares in the last quarter. Aberdeen Asset Management PLC UK grew its position in shares of ExlService Holdings by 0.4% during the second quarter. Aberdeen Asset Management PLC UK now owns 1,173,749 shares of the business services provider’s stock valued at $65,237,000 after purchasing an additional 5,158 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of ExlService Holdings by 1.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,173,323 shares of the business services provider’s stock valued at $65,214,000 after purchasing an additional 13,095 shares in the last quarter. Hedge funds and other institutional investors own 94.70% of the company’s stock.

ExlService Holdings Company Profile

ExlService Holdings, Inc is an operations management and analytics company. The Company segments include Insurance; Healthcare; Travel, Transportation and Logistics; Finance and Accounting (F&A); Analytics, and All Other. The Insurance operating segment serves property and casualty insurance, life insurance, disability insurance, annuity and retirement services companies.

Analyst Recommendations for ExlService Holdings (NASDAQ:EXLS)

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