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.
ILLEGAL ACTIVITY NOTICE: This report was reported by BBNS and is the property of of BBNS. If you are reading this report on another website, it was illegally stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be read at https://baseballnewssource.com/markets/zacks-investment-research-downgrades-exlservice-holdings-inc-exls-to-hold-updated-updated-updated/1198510.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.