ExlService (EXLS) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of ExlService (NASDAQ:EXLS) from a buy rating to a hold rating in a report released on Thursday, November 9th.

According to Zacks, “EXLSERVICE HOLDINGS,INC., is a leading provider of offshore Business Process Outsourcing solutions to the Global 1000. EXL is an organization that strives to build lasting relationships with its clients based on consistent high-quality service delivery, trust, and confidence that is unparalleled in the BPO industry today. EXL specializes in providing BPO services to the Banking, Financial Services, Insurance, and Utilities industry verticals. “

EXLS has been the subject of several other reports. SunTrust Banks reissued a hold rating and issued a $60.00 price objective on shares of ExlService in a research report on Monday, October 9th. Stifel Nicolaus reaffirmed a buy rating and issued a $67.00 target price (up from $60.00) on shares of ExlService in a research report on Sunday, July 30th. Wedbush reaffirmed a neutral rating and issued a $63.00 target price on shares of ExlService in a research report on Wednesday, August 9th. Barrington Research set a $65.00 target price on ExlService and gave the stock an outperform rating in a research report on Friday, July 28th. Finally, Cowen reaffirmed a buy rating and issued a $54.00 target price on shares of ExlService in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $62.33.

ExlService (NASDAQ:EXLS) opened at $61.53 on Thursday. ExlService has a twelve month low of $44.25 and a twelve month high of $62.99. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $2,069.50, a P/E ratio of 25.40, a P/E/G ratio of 2.10 and a beta of 1.30.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.65 by $0.03. ExlService had a return on equity of 14.81% and a net margin of 9.94%. The company had revenue of $192.30 million for the quarter, compared to the consensus estimate of $191.20 million. During the same quarter last year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. analysts expect that ExlService will post 2.12 EPS for the current fiscal year.

In other news, CEO Rohit Kapoor sold 931 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $62.50, for a total transaction of $58,187.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Clyde W. Ostler sold 6,916 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $62.10, for a total value of $429,483.60. Following the transaction, the director now owns 6,916 shares of the company’s stock, valued at $429,483.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 388,834 shares of company stock valued at $22,724,604. Corporate insiders own 5.80% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System lifted its holdings in shares of ExlService by 4.0% during the 2nd quarter. California Public Employees Retirement System now owns 52,600 shares of the business services provider’s stock valued at $2,924,000 after purchasing an additional 2,000 shares in the last quarter. Dubuque Bank & Trust Co. lifted its holdings in shares of ExlService by 2.6% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 4,350 shares of the business services provider’s stock valued at $242,000 after purchasing an additional 110 shares in the last quarter. Aperio Group LLC lifted its holdings in shares of ExlService by 29.1% during the 2nd quarter. Aperio Group LLC now owns 13,493 shares of the business services provider’s stock valued at $750,000 after purchasing an additional 3,044 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of ExlService by 66.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,184 shares of the business services provider’s stock valued at $622,000 after purchasing an additional 4,464 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of ExlService by 41.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 15,517 shares of the business services provider’s stock valued at $735,000 after purchasing an additional 4,550 shares in the last quarter. Institutional investors and hedge funds own 95.72% of the company’s stock.

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About ExlService

ExlService Holdings, Inc is an operations management and analytics company. The Company segments include Insurance; Healthcare; Travel, Transportation and Logistics; Finance and Accounting (F&A); Analytics, and All Other. The Insurance operating segment serves property and casualty insurance, life insurance, disability insurance, annuity and retirement services companies.

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