Zacks Investment Research cut shares of ExlService Holdings, Inc. (NASDAQ:EXLS) from a buy rating to a hold rating in a report published 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. “
A number of other analysts have also recently commented on EXLS. Wedbush restated a neutral rating and issued a $63.00 price objective on shares of ExlService Holdings in a research report on Wednesday, August 9th. BidaskClub cut ExlService Holdings from a buy rating to a hold rating in a research report on Tuesday, August 8th. Cowen and Company reiterated a buy rating and set a $54.00 price target on shares of ExlService Holdings in a research report on Friday, July 28th. Needham & Company LLC reiterated a buy rating and set a $60.00 price target (up from $59.00) on shares of ExlService Holdings in a research report on Sunday, July 30th. Finally, Cantor Fitzgerald reiterated a buy rating and set a $64.00 price target on shares of ExlService Holdings in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $62.33.
Shares of ExlService Holdings (NASDAQ:EXLS) traded up $0.49 during mid-day trading on Thursday, reaching $61.76. The company had a trading volume of 131,700 shares, compared to its average volume of 158,161. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.81 and a current ratio of 3.81. The stock has a market capitalization of $2,100.00, a PE ratio of 25.53, a P/E/G ratio of 2.11 and a beta of 1.30. ExlService Holdings has a 52 week low of $44.25 and a 52 week high of $62.92.
ExlService Holdings (NASDAQ:EXLS) last announced its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.03. The company had revenue of $192.30 million during the quarter, compared to analysts’ expectations of $191.20 million. ExlService Holdings had a return on equity of 14.81% and a net margin of 9.94%. ExlService Holdings’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the business earned $0.61 earnings per share. research analysts anticipate that ExlService Holdings will post 2.12 EPS for the current year.
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In related news, CEO Rohit Kapoor sold 35,780 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $55.79, for a total transaction of $1,996,166.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Villa Rembert De sold 31,370 shares of the stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $57.21, for a total value of $1,794,677.70. Following the transaction, the executive vice president now directly owns 17,067 shares in the company, valued at approximately $976,403.07. The disclosure for this sale can be found here. In the last ninety days, insiders sold 388,834 shares of company stock worth $22,724,604. Corporate insiders own 5.80% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can lifted its stake in ExlService Holdings by 0.7% during the 2nd quarter. Bank of Montreal Can now owns 4,478 shares of the business services provider’s stock worth $249,000 after acquiring an additional 31 shares in the last quarter. Atria Investments LLC increased its holdings in ExlService Holdings by 1.1% during the 2nd quarter. Atria Investments LLC now owns 5,055 shares of the business services provider’s stock worth $281,000 after purchasing an additional 56 shares during the period. Pinebridge Investments L.P. increased its holdings in ExlService Holdings by 1.5% during the 2nd quarter. Pinebridge Investments L.P. now owns 4,437 shares of the business services provider’s stock worth $246,000 after purchasing an additional 67 shares during the period. Louisiana State Employees Retirement System increased its holdings in ExlService Holdings by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the business services provider’s stock worth $761,000 after purchasing an additional 100 shares during the period. Finally, Arizona State Retirement System increased its holdings in ExlService Holdings by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 17,592 shares of the business services provider’s stock worth $978,000 after purchasing an additional 100 shares during the period. 91.46% of the stock is currently owned by hedge funds and other institutional investors.
About ExlService Holdings
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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