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

StockNews.com cut shares of ExlService (NASDAQ:EXLS) from a buy rating to a hold rating in a research report sent to investors on Monday.

Several other equities research analysts have also issued reports on EXLS. Stifel Nicolaus increased their target price on shares of ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Needham & Company LLC increased their price objective on shares of ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, Jefferies Financial Group lifted their target price on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $48.86.

ExlService Trading Down 0.9 %

Shares of ExlService stock opened at $45.48 on Monday. ExlService has a 1-year low of $28.59 and a 1-year high of $52.43. The company’s fifty day simple moving average is $47.17 and its 200-day simple moving average is $45.51. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The stock has a market capitalization of $7.38 billion, a PE ratio of 39.90, a P/E/G ratio of 2.11 and a beta of 0.91.

ExlService (NASDAQ:EXLS) last released its earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.08). The company had revenue of $481.43 million for the quarter, compared to analysts’ expectations of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. As a group, equities analysts anticipate that ExlService will post 1.27 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Anita Mahon sold 10,558 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total transaction of $484,823.36. Following the completion of the transaction, the executive vice president now directly owns 94,443 shares of the company’s stock, valued at approximately $4,336,822.56. This represents a 10.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ajay Ayyappan sold 16,186 shares of ExlService stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $51.50, for a total value of $833,579.00. Following the completion of the sale, the executive vice president now directly owns 40,986 shares in the company, valued at approximately $2,110,779. The trade was a 28.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,351 shares of company stock worth $2,337,284. 4.16% of the stock is owned by insiders.

Hedge Funds Weigh In On ExlService

Institutional investors have recently bought and sold shares of the business. Mather Group LLC. purchased a new stake in shares of ExlService during the 4th quarter valued at about $25,000. Kestra Investment Management LLC purchased a new stake in ExlService during the fourth quarter valued at approximately $26,000. Morse Asset Management Inc bought a new stake in shares of ExlService in the 4th quarter valued at approximately $49,000. USA Financial Formulas purchased a new position in shares of ExlService in the 4th quarter worth approximately $58,000. Finally, VisionPoint Advisory Group LLC bought a new position in shares of ExlService during the 4th quarter valued at approximately $58,000. 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.