On September 19, 2023, research analysts at Jefferies Financial Group initiated coverage on ExlService (NASDAQ:EXLS) and issued a “hold” rating on the stock. This report provided valuable insights into the performance and potential of the business services provider.
Opening at $29.15 on Tuesday, ExlService has seen fluctuations in its share price over the past year, with a fifty-two week low of $27.16 and a high of $38.24. The company’s fifty-day moving average stands at $31.59, while its 200-day moving average is $31.46.
In terms of financial stability, ExlService boasts a debt-to-equity ratio of 0.23, indicating a relatively low level of debt. Additionally, it has a quick ratio and current ratio both standing at 2.37, suggesting strong liquidity.
With a market capitalization of $4.83 billion, ExlService is an established player in the industry. The stock has a price-to-earnings (P/E) ratio of 28.75 and a PEG ratio of 1.70, which helps investors assess its relative value compared to projected earnings growth. Moreover, the company’s beta measures volatility relative to the broader market in this case, it sits at 0.96.
Examining investor sentiment towards ExlService reveals recent activity from various hedge funds and institutional investors modifying their holdings in EXLS shares. For instance, Virginia Retirement Systems ET AL acquired a new stake valued at approximately $2,568,000 during the second quarter while Comerica Bank purchased shares worth around $15,250,000.
Furthermore,VitalStone Financial LLC purchased shares worth about $172,000 during the same period as Legato Capital Management LLC added positions equivalent to roughly $561,000.In addition,Bridge City Capital LLC also bought new shares valued at $1,579,000. Collectively, hedge funds and institutional investors now own 18.96% of ExlService’s outstanding stock.
In terms of financial performance, ExlService reported its quarterly earnings on July 27th, 2023. The company generated $0.31 in earnings per share for the quarter, exceeding the consensus estimate by $0.04. Moreover,the net margin stood at 11.11% and the return on equity was reported as 23.88%. ExlService’s quarterly revenue amounted to $405 million, surpassing analysts’ expectations of $400 million.
Based on these indicators, equities research analysts anticipate that ExlService will achieve earnings per share of approximately 1.15 for the current fiscal year.
In conclusion, Jefferies Financial Group’s coverage of ExlService provides valuable insights into the company’s stock performance and potential within the industry.Its analysis highlights fundamental aspects such as debt levels and liquidity ratios which are critical for evaluating financial stability.Additionally,the report sheds light on investor sentiment driven by hedge fund activity.Furthermore,it also showcases ExlService’s impressive quarterly performance,revealing earnings figures ahead of estimates.Considering all these factors,ExlService’s future prospects seem promising and warrant close attention from investors seeking exposure to the business services sector.
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Analysts Provide Perspectives on ExlService’s Performance and Future Prospects
September 19, 2023 – Analysts continue to offer their perspectives on ExlService (EXLS), providing valuable insights into the company’s performance and future prospects. The latest comments come from Needham & Company LLC, Robert W. Baird, StockNews.com, JPMorgan Chase & Co., and Citigroup.
Needham & Company LLC has reiterated its “buy” rating on ExlService and set a price objective of $40.00 per share. This demonstrates their confidence in the company’s performance and potential for growth. Such endorsements from reputable analysts can influence investor sentiment and contribute to price movements.
On the other hand, Robert W. Baird has lowered their price objective for ExlService from $37.00 to $36.00. Though a decrease, this still suggests an optimistic outlook for the stock compared to its current trading level.
StockNews.com recently upgraded their rating on ExlService from “hold” to “buy.” This positive revision indicates that they believe in the company’s ability to deliver strong results and generate value for investors.
JPMorgan Chase & Co., meanwhile, has increased its price target on ExlService from $34.00 to $36.00 and assigned it an “overweight” rating. This implies that they expect the stock to outperform its peers in terms of total returns.
In contrast, Citigroup has lowered their price objective on ExlService from $35.00 to $32.40 while maintaining a “neutral” rating for the stock. This suggests a more cautious stance towards the company’s future prospects.
It is worth noting that two equities research analysts have issued a hold rating for ExlService, while four have given it a buy rating according to Bloomberg data. The consensus rating assigned by Bloomberg currently stands at “Moderate Buy,” reflecting varying opinions within the analyst community.
In recent news related to ExlService, Executive Vice President Vikas Bhalla sold 25,995 shares of the company’s stock on August 23rd. The transaction was valued at $733,838.85, with an average price per share of $28.23. Following this sale, Bhalla now holds 75,730 shares in the company, amounting to a value of $2,137,857.90.
As per regulatory filings submitted to the Securities & Exchange Commission (SEC), insiders currently own approximately 3.75% of ExlService’s stock. Such information regarding insider activity can provide valuable insights for investors evaluating their positions or considering entering the market.
Overall, analysts’ opinions on ExlService demonstrate the complex dynamics at play within the financial markets. Investors should carefully consider these perspectives while conducting their own due diligence before making any investment decisions.
