ExlService (NASDAQ:EXLS) Rating Lowered to “Hold” at StockNews.com

StockNews.com downgraded shares of ExlService (NASDAQ:EXLS) from a buy rating to a hold rating in a research report released on Saturday.

A number of other research firms also recently issued reports on EXLS. Citigroup lifted their price objective on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a report on Monday, October 14th. Robert W. Baird boosted their price target on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Needham & Company LLC raised their price objective on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group upped their target price on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $45.00.

ExlService Price Performance

Shares of NASDAQ EXLS opened at $49.14 on Friday. The company has a fifty day moving average price of $45.90 and a 200 day moving average price of $40.40. The firm has a market cap of $7.91 billion, a PE ratio of 43.11, a PEG ratio of 2.08 and a beta of 1.02. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService has a 1-year low of $28.16 and a 1-year high of $50.11.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data 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 company had revenue of $472.07 million during the quarter, compared to analysts’ expectations of $460.73 million. During the same period in the prior year, the firm earned $0.30 earnings per share. ExlService’s revenue for the quarter was up 14.9% compared to the same quarter last year. Research analysts predict that ExlService will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling at ExlService

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

Institutional Trading of ExlService

Hedge funds have recently added to or reduced their stakes in the company. State Street Corp increased its position in ExlService by 1.0% during the 3rd quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock worth $222,693,000 after buying an additional 59,196 shares during the period. Geneva Capital Management LLC grew its stake in shares of ExlService by 1.9% in the third quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock valued at $179,092,000 after acquiring an additional 87,592 shares in the last quarter. Geode Capital Management LLC increased its position in 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 worth $165,083,000 after acquiring an additional 149,856 shares during the period. Thrivent Financial for Lutherans raised its stake in ExlService by 0.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,747,332 shares of the business services provider’s stock worth $104,810,000 after purchasing an additional 21,358 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in ExlService by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,161,153 shares of the business services provider’s stock valued at $82,448,000 after purchasing an additional 9,775 shares during the period. 92.92% of the stock is owned by institutional investors and hedge funds.

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.