StockNews.com Downgrades ExlService (NASDAQ:EXLS) to Hold

ExlService (NASDAQ:EXLS) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

Several other research analysts have also weighed in on the company. Citigroup increased their price objective on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Robert W. Baird boosted their price objective on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, 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 note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, ExlService has a consensus rating of “Moderate Buy” and an average target price of $42.86.

ExlService Stock Performance

Shares of ExlService stock opened at $45.11 on Thursday. The business’s 50 day moving average price is $45.31 and its 200 day moving average price is $39.09. The company has a market cap of $7.26 billion, a price-to-earnings ratio of 39.57, a PEG ratio of 2.23 and a beta of 1.01. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. ExlService has a one year low of $28.16 and a one year high of $47.37.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The firm had revenue of $472.07 million during the quarter, compared to analyst estimates of $460.73 million. During the same quarter in the prior year, the firm posted $0.30 earnings per share. ExlService’s quarterly revenue was up 14.9% on a year-over-year basis. On average, research analysts predict that ExlService will post 1.27 EPS for the current year.

Insider Buying and Selling

In related news, Director Jaynie M. Studenmund sold 3,645 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total transaction of $160,562.25. Following the sale, the director now directly owns 14,580 shares in the company, valued at approximately $642,249. This represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rohit Kapoor sold 100,000 shares of ExlService stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 1,290,240 shares of the company’s stock, valued at $53,480,448. This represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 426,458 shares of company stock valued at $18,720,514 in the last ninety days. Company insiders own 4.16% of the company’s stock.

Institutional Investors Weigh In On ExlService

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp increased its holdings in ExlService by 3.2% in the second quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock valued at $238,869,000 after buying an additional 233,108 shares during the last quarter. State Street Corp increased its holdings in shares of ExlService by 1.0% in the 3rd quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock valued at $222,693,000 after acquiring an additional 59,196 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of ExlService by 46.5% during the 2nd 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. Geneva Capital Management LLC lifted its stake in ExlService by 1.9% during the third quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock worth $179,092,000 after purchasing an additional 87,592 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in ExlService by 3.6% in 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 purchasing an additional 149,856 shares in the last quarter. 92.92% of the stock is currently 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.