ExlService (NASDAQ:EXLS) Lowered to “Hold” Rating by StockNews.com

StockNews.com cut shares of ExlService (NASDAQ:EXLS) from a buy rating to a hold rating in a research report report published on Wednesday morning.

A number of other brokerages have also weighed in on EXLS. JPMorgan Chase & Co. raised their price objective on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and raised their price target for the stock from $35.00 to $42.00 in a research report on Monday, September 9th. Needham & Company LLC upped their price target on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Citigroup increased their price objective on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Finally, Robert W. Baird boosted their target price on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.86.

ExlService Trading Down 0.5 %

NASDAQ:EXLS opened at $46.36 on Wednesday. The business’s 50-day moving average is $41.47 and its two-hundred day moving average is $35.88. The firm has a market capitalization of $7.46 billion, a PE ratio of 40.67, a price-to-earnings-growth ratio of 2.27 and a beta of 0.99. ExlService has a 12 month low of $28.00 and a 12 month high of $47.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02.

ExlService (NASDAQ:EXLS) last posted its earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business had revenue of $472.07 million during the quarter, compared to analyst estimates of $460.73 million. During the same quarter last year, the firm earned $0.30 earnings per share. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. Research analysts predict that ExlService will post 1.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Rohit Kapoor sold 100,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $41.45, for a total transaction of $4,145,000.00. Following the completion of the sale, the chief executive officer now owns 1,290,240 shares of the company’s stock, valued at $53,480,448. This represents a 7.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vikas Bhalla sold 22,813 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $41.86, for a total transaction of $954,952.18. Following the sale, the insider now owns 102,825 shares in the company, valued at approximately $4,304,254.50. This trade represents a 18.16 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 426,458 shares of company stock valued at $18,720,514. Company insiders own 4.16% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC acquired a new stake in ExlService in the third quarter worth $27,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of ExlService by 164.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock worth $29,000 after acquiring an additional 574 shares during the last quarter. New Covenant Trust Company N.A. acquired a new stake in shares of ExlService in the 1st quarter worth about $30,000. Huntington National Bank lifted its position in ExlService by 2,827.5% in the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 1,131 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in ExlService by 28.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 391 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Company Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.