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

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

EXLS has been the topic of a number of other reports. Robert W. Baird increased their target price on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Needham & Company LLC increased their target price on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Citigroup increased their target price on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, ExlService presently has an average rating of “Moderate Buy” and an average price target of $42.86.

ExlService Stock Up 2.6 %

EXLS stock traded up $1.15 during midday trading on Thursday, hitting $45.28. The stock had a trading volume of 540,260 shares, compared to its average volume of 558,368. The firm has a market cap of $7.28 billion, a price-to-earnings ratio of 39.72, a price-to-earnings-growth ratio of 2.23 and a beta of 1.01. The business has a 50-day moving average of $45.24 and a two-hundred day moving average of $39.05. ExlService has a 52-week low of $28.16 and a 52-week high of $47.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results 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. The company 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 firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 earnings per share. As a group, equities research analysts forecast that ExlService will post 1.27 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Rohit Kapoor sold 100,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 1,290,240 shares of the company’s stock, valued at $53,480,448. This represents 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 the SEC website. Also, insider Vikas Bhalla sold 22,813 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $41.86, for a total value of $954,952.18. Following the completion of the transaction, the insider now directly owns 102,825 shares in the company, valued at approximately $4,304,254.50. This represents a 18.16 % 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 over the last ninety days. 4.16% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in ExlService in the third quarter valued at about $27,000. Huntington National Bank grew its stake in shares of ExlService by 2,827.5% during the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 1,131 shares during the period. UMB Bank n.a. grew its stake in shares of ExlService by 29.7% during the 3rd quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 375 shares during the period. GAMMA Investing LLC grew its stake in shares of ExlService by 32.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,331 shares of the business services provider’s stock valued at $89,000 after acquiring an additional 576 shares during the period. Finally, First Horizon Advisors Inc. grew its stake in shares of ExlService by 25.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,576 shares of the business services provider’s stock valued at $98,000 after acquiring an additional 524 shares during the period. Institutional investors own 92.92% of the company’s stock.

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.