ExlService (NASDAQ:EXLS) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS

ExlService (NASDAQ:EXLS) issued its earnings results on Tuesday. The business services provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.06, FiscalAI reports. The firm had revenue of $633.96 million during the quarter, compared to the consensus estimate of $615.51 million. The company’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 EPS.

ExlService Price Performance

EXLS opened at $40.93 on Wednesday. The firm has a 50 day moving average price of $37.06 and a 200-day moving average price of $32.82. ExlService has a twelve month low of $24.85 and a twelve month high of $43.88.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Needham & Company LLC increased their target price on ExlService from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Barrington Research set a $43.00 target price on ExlService in a report on Thursday, July 30th. TD Cowen restated a “buy” rating and issued a $45.00 price target (up from $43.00) on shares of ExlService in a research note on Thursday, August 27th. Finally, Weiss Ratings upgraded ExlService from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, ExlService has an average rating of “Moderate Buy” and a consensus target price of $44.50.

Insider Transactions at ExlService

In other news, insider Vikas Bhalla sold 11,000 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $35.38, for a total value of $389,180.00. Following the transaction, the insider directly owned 109,295 shares in the company, valued at $3,866,857.10. This trade represents a 9.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.66% of the company’s stock.

ExlService Company Profile

ExlService Holdings, Inc, operating under the EXL brand, is a data analytics and digital operations company that helps businesses use data, technology and artificial intelligence to improve decision-making, manage risk and enhance operational performance. Its services include data management, advanced analytics, business process solutions, automation and technology-enabled transformation.

EXL serves clients across industries including insurance, healthcare, banking and capital markets, utilities, travel and transportation, retail, media and manufacturing.