ExlService (NASDAQ:EXLS) Downgraded 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 report report published on Thursday morning.

Other equities analysts have also recently issued reports about the stock. Needham & Company LLC lifted their price target on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Robert W. Baird boosted their target price on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Citigroup increased their price target on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, ExlService currently has an average rating of “Moderate Buy” and a consensus target price of $42.86.

ExlService Stock Performance

EXLS stock opened at $45.28 on Thursday. 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 has a twelve month low of $28.16 and a twelve month high of $47.37. The business’s fifty day moving average is $45.24 and its 200-day moving average is $39.05. The company has a market cap of $7.28 billion, a P/E ratio of 39.72, a price-to-earnings-growth ratio of 2.23 and a beta of 1.01.

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

Insider Buying and Selling at ExlService

In other news, Director Jaynie M. Studenmund sold 3,645 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total transaction of $160,562.25. Following the completion of the transaction, the director now directly owns 14,580 shares in the company, valued at $642,249. This represents a 20.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Rohit Kapoor sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $41.45, for a total value of $4,145,000.00. Following the completion of the transaction, the chief executive officer now owns 1,290,240 shares of the company’s stock, valued at $53,480,448. The trade was a 7.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 426,458 shares of company stock worth $18,720,514. Corporate insiders own 4.16% of the company’s stock.

Institutional Investors Weigh In On ExlService

Several large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its stake in ExlService by 24.2% in the second quarter. Victory Capital Management Inc. now owns 48,416 shares of the business services provider’s stock valued at $1,518,000 after acquiring an additional 9,438 shares during the last quarter. Arizona State Retirement System lifted its stake in ExlService by 2.4% in the 2nd quarter. Arizona State Retirement System now owns 46,411 shares of the business services provider’s stock valued at $1,455,000 after purchasing an additional 1,086 shares during the last quarter. Quest Partners LLC increased its position in ExlService by 59.3% during the second quarter. Quest Partners LLC now owns 23,593 shares of the business services provider’s stock worth $740,000 after buying an additional 8,782 shares during the last quarter. Choreo LLC increased its position in ExlService by 15.7% during the second quarter. Choreo LLC now owns 13,260 shares of the business services provider’s stock worth $414,000 after buying an additional 1,804 shares during the last quarter. Finally, United Services Automobile Association raised its stake in ExlService by 7.6% in the second quarter. United Services Automobile Association now owns 13,741 shares of the business services provider’s stock valued at $431,000 after buying an additional 967 shares during the period. Institutional investors and hedge funds 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.