Barrington Keeps a Buy Rating on Exlservice Holdings


Barrington analyst Vincent Colicchio maintained a Buy rating on Exlservice Holdings (NASDAQ: EXLS) today and set a price target of $70. The company’s shares opened today at $57.72.

Colicchio noted:

“We remain upbeat on EXL given its strong ability to help clients transform their operations with lower cost labor and digital/automation technologies.”

According to TipRanks.com, Colicchio is a 3-star analyst with an average return of 6.0% and a 58.8% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Convergys Corp, and Computer Task.

Currently, the analyst consensus on Exlservice Holdings is Strong Buy and the average price target is $67.60, representing a 17.1% upside.

In a report released today, Cantor Fitzgerald also maintained a Buy rating on the stock with a $71 price target.

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Based on Exlservice Holdings’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $198 million and GAAP net loss of $9.36 million. In comparison, last year the company earned revenue of $183 million and had a net profit of $16.79 million.

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ExlService Holdings, Inc. engagegs in the provision of transformation and outsourcing services to global companies in industries including insurance, banking, financial services, utilities, transportation, and travel. It operates through the following segments: Insurance; Healthcare; Travel, Transportation, and Logistics; Finance and Accounting, Analytics, and All Other. The Insurance segment serves property and casualty insurance, life insurance, disability insurance, annuity, and retirement services companies. The Healthcare segment offers services related to care management or population health, payment integrity, revenue optimization, and customer engagement. The Travel, Transportation, and Logistics segment includes processing transportation, logistics transactions, supply chain management, warehousing, transportation management, and international logistics services. The Finance and Accounting segment comprises of procure-to-pay, order-to-cash, hire-to-retire, record-to-report, regulatory reporting, financial planning and analysis, audit and assurance, treasury, and tax processes. The Analytics segment consists of driving improved business outcomes for customers by generating data-driven insights. The All Other segment involves in banking, financial, utilities, and consulting services. The company was founded by Vikram Talwar and Rohit Kapoor in April 1999 and is headquartered in New York, NY.

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