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

ExlService (NASDAQ:EXLS) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Saturday.

A number of other analysts have also recently weighed in on EXLS. Needham & Company LLC boosted their target price on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Citigroup upped their price target on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Jefferies Financial Group upped their price target on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Robert W. Baird upped their price target on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $45.00.

ExlService Price Performance

Shares of NASDAQ:EXLS opened at $49.14 on Friday. The firm has a 50 day simple moving average of $45.90 and a 200 day simple moving average of $40.34. The company has a market cap of $7.91 billion, a price-to-earnings ratio of 43.11, a PEG ratio of 2.08 and a beta of 1.02. ExlService has a one year low of $28.16 and a one year high of $50.11. 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 for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $472.07 million for the quarter, compared to analysts’ expectations of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share. Research analysts predict that ExlService will post 1.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ExlService news, Director Jaynie M. Studenmund sold 3,645 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total transaction of $160,562.25. Following the sale, the director now owns 14,580 shares in the company, valued at $642,249. This represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $46.87, for a total value of $4,687,000.00. Following the sale, the chief executive officer now owns 689,645 shares in the company, valued at approximately $32,323,661.15. This represents a 12.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 426,458 shares of company stock valued at $18,720,514. Corporate insiders own 4.16% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Chartwell Investment Partners LLC lifted its stake in ExlService by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider’s stock worth $1,196,000 after purchasing an additional 254 shares during the last quarter. Azzad Asset Management Inc. ADV lifted its stake in ExlService by 1.1% during the third quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider’s stock worth $944,000 after purchasing an additional 261 shares during the last quarter. UMB Bank n.a. lifted its stake in ExlService by 17.6% during the fourth quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock worth $85,000 after purchasing an additional 288 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in ExlService by 3.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider’s stock worth $279,000 after purchasing an additional 291 shares during the last quarter. Finally, Dakota Wealth Management lifted its stake in ExlService by 5.0% during the fourth quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider’s stock worth $288,000 after purchasing an additional 311 shares during the last quarter. 92.92% of the stock is owned by institutional investors.

About ExlService

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.