ExlService (NASDAQ:EXLS) Downgraded by StockNews.com to Hold

StockNews.com cut shares of ExlService (NASDAQ:EXLS) from a buy rating to a hold rating in a research note released on Saturday morning.

Other analysts have also issued research reports about the stock. Citigroup raised their price objective on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Robert W. Baird lifted their price objective on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Needham & Company LLC increased their target price on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group lifted their price target on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

ExlService Trading Up 0.0 %

EXLS stock opened at $49.14 on Friday. ExlService has a 1-year low of $28.16 and a 1-year high of $50.11. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $45.90 and its 200-day moving average is $40.40. The firm has a market cap of $7.91 billion, a P/E ratio of 43.11, a P/E/G ratio of 2.08 and a beta of 1.02.

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

Insider Activity at ExlService

In other news, 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 transaction, the director now directly owns 14,580 shares in the company, valued at $642,249. This trade represents a 20.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rohit Kapoor sold 100,000 shares of ExlService stock in a transaction on Friday, November 1st. The stock was sold at an average price of $41.45, for a total value of $4,145,000.00. Following the sale, the chief executive officer now directly owns 1,290,240 shares of the company’s stock, valued at approximately $53,480,448. This trade represents a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 426,458 shares of company stock worth $18,720,514 over the last 90 days. Insiders own 4.16% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EXLS. Fiera Capital Corp increased its stake in ExlService by 497.8% in the third quarter. Fiera Capital Corp now owns 800,763 shares of the business services provider’s stock valued at $30,549,000 after purchasing an additional 666,805 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of ExlService by 1,216.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 530,290 shares of the business services provider’s stock valued at $20,231,000 after buying an additional 490,000 shares in the last quarter. Loomis Sayles & Co. L P acquired a new stake in ExlService during the 3rd quarter worth $17,198,000. Barclays PLC lifted its holdings in ExlService by 62.6% during the third quarter. Barclays PLC now owns 446,605 shares of the business services provider’s stock worth $17,040,000 after acquiring an additional 171,912 shares in the last quarter. Finally, Castleark Management LLC acquired a new position in ExlService in the third quarter valued at about $6,045,000. Institutional investors 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.