ExlService (NASDAQ:EXLS) Downgraded by StockNews.com to “Hold”

StockNews.com downgraded shares of ExlService (NASDAQ:EXLS) from a buy rating to a hold rating in a report issued on Wednesday morning.

A number of other equities research analysts have also commented on the stock. Needham & Company LLC upped their price objective on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Robert W. Baird upped their price objective on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. increased their target price on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and increased their target price for the stock from $35.00 to $42.00 in a research note on Monday, September 9th. Finally, Citigroup increased their target price on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, ExlService has an average rating of “Moderate Buy” and an average target price of $42.86.

ExlService Trading Down 0.9 %

Shares of NASDAQ EXLS opened at $46.59 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. ExlService has a 52-week low of $27.95 and a 52-week high of $47.37. The firm has a 50 day moving average price of $41.06 and a two-hundred day moving average price of $35.73. The stock has a market cap of $7.50 billion, a P/E ratio of 40.87, a price-to-earnings-growth ratio of 2.28 and a beta of 0.99.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company had revenue of $472.07 million for the quarter, compared to analyst estimates of $460.73 million. During the same period in the prior year, the firm posted $0.30 EPS. The company’s quarterly revenue was up 14.9% on a year-over-year basis. As a group, equities analysts forecast that ExlService will post 1.27 EPS for the current year.

Insiders Place Their Bets

In other ExlService news, CEO Rohit Kapoor sold 100,000 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $42.07, for a total transaction of $4,207,000.00. Following the transaction, the chief executive officer now owns 1,190,240 shares in the company, valued at approximately $50,073,396.80. This represents a 7.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Vikas Bhalla sold 22,813 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $41.86, for a total transaction of $954,952.18. Following the completion of the sale, the insider now owns 102,825 shares of the company’s stock, valued at approximately $4,304,254.50. This represents a 18.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 426,458 shares of company stock worth $18,720,514. Insiders own 4.16% of the company’s stock.

Institutional Trading of ExlService

Several institutional investors and hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. raised its holdings in shares of ExlService by 4.2% in the third quarter. Franklin Resources Inc. now owns 99,057 shares of the business services provider’s stock valued at $3,953,000 after purchasing an additional 4,029 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of ExlService in the third quarter valued at about $216,000. Sanctuary Advisors LLC raised its holdings in shares of ExlService by 5.4% in the third quarter. Sanctuary Advisors LLC now owns 10,744 shares of the business services provider’s stock valued at $410,000 after purchasing an additional 547 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of ExlService by 3.6% in the third quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock valued at $165,083,000 after purchasing an additional 149,856 shares during the last quarter. Finally, M&T Bank Corp purchased a new stake in shares of ExlService in the third quarter valued at about $204,000. Hedge funds and other institutional investors own 92.92% of the company’s stock.

ExlService Company Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.