Cantor Fitzgerald Believes Exlservice Holdings (NASDAQ: EXLS) Won’t Stop Here

By Austin Angelo

Cantor Fitzgerald analyst Joseph Foresi reiterated a Buy rating on Exlservice Holdings (NASDAQ: EXLS) today and set a price target of $59. The company’s shares opened today at $53.39, close to its 52-week high of $54.78.

Foresi noted:

“Two large addressable markets. EXL operates in two business segments: Operations Management and Analytics. Industry body Nasscom projects the global Operations Management sourcing market to grow to over $225 bn by 2020, at an annual pace of 6-7%. EXL targets mid-to-high single-digit growth for this business. Nasscom estimates the market is only 20-25% penetrated.”

According to TipRanks.com, Foresi is a 5-star analyst with an average return of 12.0% and a 84.5% success rate. Foresi covers the Technology sector, focusing on stocks such as Automatic Data Processing, Fidelity National Info, and DXC Technology Company.

Exlservice Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $59.50.

The company has a one year high of $54.78 and a one year low of $42. Currently, Exlservice Holdings has an average volume of 158.6K.

Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock. Last month, Nancy Saltzman, the EVP, GC and Corp Secretary of EXLS sold 3,781 shares for a total of $190,373.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.