ExlService (NASDAQ:EXLS) Downgraded to Hold Rating by StockNews.com

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

EXLS has been the subject of a number of other research reports. Robert W. Baird boosted their price target on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Citigroup boosted 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. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and raised their price target for the company from $35.00 to $42.00 in a research report on Monday, September 9th. Needham & Company LLC lifted their price target on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. increased their price objective on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, ExlService currently has an average rating of “Moderate Buy” and a consensus target price of $42.86.

ExlService Stock Down 0.9 %

Shares of NASDAQ EXLS opened at $46.59 on Wednesday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The firm has a market cap of $7.50 billion, a PE ratio of 40.87, a P/E/G ratio of 2.28 and a beta of 0.99. The company’s fifty day simple moving average is $41.27 and its 200 day simple moving average is $35.81. ExlService has a 12-month low of $27.95 and a 12-month high of $47.37.

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

Insider Buying and Selling at ExlService

In other ExlService news, CEO Rohit Kapoor sold 100,000 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $42.07, for a total value of $4,207,000.00. Following the transaction, the chief executive officer now owns 1,190,240 shares of the company’s stock, valued at approximately $50,073,396.80. The trade was a 7.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vikas Bhalla sold 22,813 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $41.86, for a total value of $954,952.18. Following the sale, the insider now directly owns 102,825 shares of the company’s stock, valued at approximately $4,304,254.50. This represents a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 426,458 shares of company stock worth $18,720,514. Insiders own 4.16% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXLS. Mackenzie Financial Corp raised its holdings in shares of ExlService by 3.2% in the 2nd quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock worth $238,869,000 after purchasing an additional 233,108 shares during the period. State Street Corp raised its stake in shares of ExlService by 1.0% in the third quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock valued at $222,693,000 after buying an additional 59,196 shares during the period. William Blair Investment Management LLC raised its stake in shares of ExlService by 46.5% in the second quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider’s stock valued at $159,871,000 after buying an additional 1,618,003 shares during the period. Geneva Capital Management LLC lifted its position in shares of ExlService by 1.9% during the 3rd quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock valued at $179,092,000 after buying an additional 87,592 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in ExlService by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock worth $165,083,000 after acquiring an additional 149,856 shares during the last quarter. 92.92% of the stock is currently owned by hedge funds and other 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.