ExlService (NASDAQ:EXLS) Lowered to Hold Rating by StockNews.com

StockNews.com cut shares of ExlService (NASDAQ:EXLS) from a buy rating to a hold rating in a research note issued to investors on Thursday.

Several other analysts have also recently weighed in on EXLS. Citigroup lifted their price objective 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. Robert W. Baird lifted their price target on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Needham & Company LLC increased their price target on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $42.86.

ExlService Stock Up 2.6 %

ExlService stock opened at $45.28 on Thursday. ExlService has a twelve month low of $28.16 and a twelve month high of $47.37. The stock has a market cap of $7.28 billion, a P/E ratio of 39.72, a P/E/G ratio of 2.23 and a beta of 1.01. The company’s 50-day moving average price is $45.24 and its two-hundred day moving average price is $39.05. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business had revenue of $472.07 million during the quarter, compared to analysts’ expectations of $460.73 million. During the same period last year, the firm posted $0.30 EPS. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, analysts expect that ExlService will post 1.27 EPS for the current year.

Insider Buying and Selling at ExlService

In other ExlService news, insider Vikas Bhalla sold 22,813 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $41.86, for a total value of $954,952.18. Following the sale, the insider now owns 102,825 shares in the company, valued at $4,304,254.50. This trade represents a 18.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Rohit Kapoor sold 100,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $41.45, for a total transaction of $4,145,000.00. Following the transaction, the chief executive officer now owns 1,290,240 shares of the company’s stock, valued at $53,480,448. This trade represents a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 426,458 shares of company stock valued at $18,720,514. 4.16% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ExlService

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in ExlService by 24.9% in the fourth quarter. GAMMA Investing LLC now owns 2,911 shares of the business services provider’s stock valued at $129,000 after purchasing an additional 580 shares during the last quarter. Franklin Resources Inc. raised its holdings in ExlService by 4.2% in the 3rd quarter. Franklin Resources Inc. now owns 99,057 shares of the business services provider’s stock valued at $3,953,000 after buying an additional 4,029 shares during the last quarter. Tidal Investments LLC acquired a new stake in ExlService during the 3rd quarter worth approximately $216,000. Sanctuary Advisors LLC grew its holdings in ExlService by 5.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 10,744 shares of the business services provider’s stock worth $410,000 after acquiring an additional 547 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of ExlService by 3.6% during 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 acquiring an additional 149,856 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.

About ExlService

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.