ExlService (NASDAQ:EXLS) Stock Rating Lowered by StockNews.com

ExlService (NASDAQ:EXLS) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

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

ExlService Stock Down 0.9 %

EXLS stock traded down $0.43 during midday trading on Wednesday, hitting $46.59. The company’s stock had a trading volume of 512,457 shares, compared to its average volume of 946,376. 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 has a twelve month low of $27.95 and a twelve month high of $47.37. The company’s fifty day moving average price is $41.06 and its 200 day moving average price is $35.73. The stock has a market capitalization of $7.50 billion, a P/E ratio of 40.87, a PEG ratio of 2.28 and a beta of 0.99.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. The company had revenue of $472.07 million for the quarter, compared to analyst estimates of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. ExlService’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. As a group, equities research analysts predict that ExlService will post 1.27 EPS for the current year.

Insider Buying and Selling

In other news, CEO Rohit Kapoor sold 100,000 shares of ExlService stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $41.45, for a total value of $4,145,000.00. Following the completion of the transaction, the chief executive officer now owns 1,290,240 shares in the company, valued at $53,480,448. This trade represents a 7.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jaynie M. Studenmund sold 3,645 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total transaction of $160,562.25. Following the completion of the transaction, the director now 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 90 days, insiders sold 461,458 shares of company stock worth $19,986,814. Insiders own 4.16% of the company’s stock.

Institutional Investors Weigh In On ExlService

A number of hedge funds have recently made changes to their positions in the business. Mackenzie Financial Corp increased its stake in shares of ExlService by 3.2% in the second quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock worth $238,869,000 after buying an additional 233,108 shares during the period. State Street Corp increased its stake in shares of ExlService by 1.0% in the third quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock worth $222,693,000 after buying an additional 59,196 shares during the period. William Blair Investment Management LLC increased its stake in shares of ExlService by 46.5% in the second quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider’s stock worth $159,871,000 after buying an additional 1,618,003 shares during the period. Geneva Capital Management LLC increased its stake in shares of ExlService by 1.9% in the third quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock worth $179,092,000 after buying an additional 87,592 shares during the period. Finally, Geode Capital Management LLC increased its position in ExlService by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock valued at $165,083,000 after purchasing an additional 149,856 shares during the period. 92.92% of the stock is currently owned by institutional investors.

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.