Zacks Investment Research Downgrades ExlService Holdings, Inc. (EXLS) to Hold

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.

TRADEMARK VIOLATION WARNING: “Zacks Investment Research Downgrades ExlService Holdings, Inc. (EXLS) to Hold” was published by BBNS and is the sole property of of BBNS. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://baseballnewssource.com/markets/exlservice-holdings-inc-exls-downgraded-to-hold-at-zacks-investment-research/1771415.html.

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.

Get a free copy of the Zacks research report on ExlService Holdings (EXLS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for ExlService Holdings (NASDAQ:EXLS)

Receive News & Ratings for ExlService Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExlService Holdings Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts


Leave a Reply

 
© 2006-2017 BBNS.