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 released on Wednesday.

A number of other equities analysts have also weighed in on the stock. 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 report on Friday, September 6th. Needham & Company LLC increased their target price 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. Jefferies Financial Group upgraded 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 report on Monday, September 9th. 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 report on Monday, October 14th. Finally, Robert W. Baird increased their target price 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. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.86.

ExlService Stock Performance

NASDAQ EXLS opened at $46.59 on Wednesday. ExlService has a 52-week low of $27.95 and a 52-week high of $47.37. The company has a 50-day simple moving average of $41.06 and a 200 day simple moving average of $35.73. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The company has a market capitalization of $7.50 billion, a PE 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 earnings per share. On average, research analysts predict that ExlService will post 1.27 EPS for the current year.

Insider Buying and Selling at ExlService

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

Institutional Investors Weigh In On ExlService

Hedge funds have recently bought and sold shares of the stock. William Blair Investment Management LLC raised its stake in shares of ExlService by 46.5% during the second quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider’s stock worth $159,871,000 after acquiring an additional 1,618,003 shares in the last quarter. Fiera Capital Corp raised its stake in shares of ExlService by 497.8% during the third quarter. Fiera Capital Corp now owns 800,763 shares of the business services provider’s stock worth $30,549,000 after acquiring an additional 666,805 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of ExlService by 1,216.2% during the third quarter. Handelsbanken Fonder AB now owns 530,290 shares of the business services provider’s stock worth $20,231,000 after acquiring an additional 490,000 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in shares of ExlService during the third quarter worth approximately $17,198,000. Finally, Mackenzie Financial Corp raised its stake in shares of ExlService by 3.2% during the second quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock worth $238,869,000 after acquiring an additional 233,108 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

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.