ExlService (NASDAQ:EXLS) Cut to Hold at StockNews.com

StockNews.com lowered shares of ExlService (NASDAQ:EXLS) from a buy rating to a hold rating in a research note issued to investors on Thursday.

A number of other equities analysts have also recently weighed in on EXLS. Needham & Company LLC upped their price target on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Robert W. Baird upped their target price on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Citigroup increased their target price on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $42.86.

ExlService Trading Down 0.4 %

ExlService stock opened at $45.11 on Thursday. The firm has a market cap of $7.26 billion, a PE ratio of 39.57, a P/E/G ratio of 2.23 and a beta of 1.01. ExlService has a 12 month low of $28.16 and a 12 month high of $47.37. The stock’s 50 day simple moving average is $45.38 and its two-hundred day simple moving average is $39.26. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37.

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

Insider Buying and Selling

In other ExlService news, CEO Rohit Kapoor sold 100,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $41.45, for a total transaction of $4,145,000.00. Following the transaction, the chief executive officer now owns 1,290,240 shares of the company’s stock, valued at approximately $53,480,448. The trade was a 7.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jaynie M. Studenmund sold 3,645 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total value of $160,562.25. Following the completion of the sale, the director now directly owns 14,580 shares of the company’s stock, valued at $642,249. This trade represents a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 426,458 shares of company stock worth $18,720,514. 4.16% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ExlService

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in ExlService in the third quarter valued at $27,000. Huntington National Bank lifted its position in ExlService by 2,827.5% in the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after buying an additional 1,131 shares during the last quarter. UMB Bank n.a. boosted its stake in ExlService by 29.7% during the third quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock worth $62,000 after buying an additional 375 shares during the period. GAMMA Investing LLC increased its position in shares of ExlService by 32.8% during the third quarter. GAMMA Investing LLC now owns 2,331 shares of the business services provider’s stock valued at $89,000 after acquiring an additional 576 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its stake in shares of ExlService by 25.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,576 shares of the business services provider’s stock valued at $98,000 after acquiring an additional 524 shares during the period. 92.92% of the stock is currently owned by institutional investors and hedge funds.

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.