ExlService Holdings, Inc. (EXLS) Stock Rating Lowered by Zacks Investment Research

ExlService Holdings, Inc. (NASDAQ:EXLS) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Friday, July 14th.

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 research reports. Cowen and Company reiterated an “outperform” rating and set a $54.00 price target on shares of ExlService Holdings in a research note on Tuesday, April 11th. Cantor Fitzgerald restated an “overweight” rating and set a $56.00 target price (up previously from $50.00) on shares of ExlService Holdings in a research note on Wednesday, May 3rd. Needham & Company LLC increased their target price on ExlService Holdings from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Wednesday, June 21st. BidaskClub downgraded ExlService Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and issued a $50.00 price target (up previously from $48.00) on shares of ExlService Holdings in a report on Tuesday, May 23rd. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. ExlService Holdings presently has an average rating of “Buy” and a consensus target price of $60.33.

Shares of ExlService Holdings (EXLS) opened at 56.71 on Friday. ExlService Holdings has a 52 week low of $42.00 and a 52 week high of $59.84. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 28.77 and a beta of 1.30. The firm’s 50-day moving average is $55.47 and its 200-day moving average is $49.81.

ExlService Holdings (NASDAQ:EXLS) last issued its earnings results on Thursday, July 27th. The business services provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.24. The company had revenue of $189.10 million for the quarter, compared to analyst estimates of $185.65 million. ExlService Holdings had a return on equity of 14.34% and a net margin of 9.53%. The business’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 EPS. On average, equities research analysts anticipate that ExlService Holdings will post $2.61 EPS for the current fiscal year.

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In other news, COO Pavan Bagai sold 6,000 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $51.45, for a total value of $308,700.00. Following the transaction, the chief operating officer now directly owns 67,581 shares in the company, valued at approximately $3,477,042.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vishal Chhibbar sold 1,868 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $54.00, for a total value of $100,872.00. Following the completion of the transaction, the chief financial officer now owns 11,987 shares in the company, valued at $647,298. The disclosure for this sale can be found here. Insiders have sold a total of 81,242 shares of company stock valued at $4,403,811 over the last ninety days. Insiders own 5.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can raised its position in ExlService Holdings by 0.7% in the second quarter. Bank of Montreal Can now owns 4,478 shares of the business services provider’s stock valued at $249,000 after buying an additional 31 shares in the last quarter. Atria Investments LLC raised its position in ExlService Holdings by 1.1% in the second quarter. Atria Investments LLC now owns 5,055 shares of the business services provider’s stock valued at $281,000 after buying an additional 56 shares in the last quarter. State of Alaska Department of Revenue raised its position in ExlService Holdings by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,700 shares of the business services provider’s stock valued at $175,000 after buying an additional 70 shares in the last quarter. Louisiana State Employees Retirement System raised its position in ExlService Holdings by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 13,600 shares of the business services provider’s stock valued at $644,000 after buying an additional 100 shares in the last quarter. Finally, Arizona State Retirement System raised its position in ExlService Holdings by 0.6% in the second quarter. Arizona State Retirement System now owns 17,592 shares of the business services provider’s stock valued at $978,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 94.42% of the company’s stock.

ExlService Holdings Company Profile

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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Analyst Recommendations for ExlService Holdings (NASDAQ:EXLS)

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