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

by · The Cerbat Gem

ExlService (NASDAQ:EXLS – Get Free Report) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Monday.

EXLS has been the topic of a number of other research reports. Stifel Nicolaus lifted their price objective on ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Jefferies Financial Group raised their price objective 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. Finally, Needham & Company LLC increased their target price on shares of ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $48.86.

Read Our Latest Analysis on EXLS

ExlService Stock Up 1.2 %

EXLS stock traded up $0.53 during midday trading on Monday, reaching $45.47. 1,445,065 shares of the company were exchanged, compared to its average volume of 985,570. 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 1-year low of $28.59 and a 1-year high of $52.43. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 39.89, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The stock’s 50-day simple moving average is $47.41 and its 200 day simple moving average is $45.51.

ExlService (NASDAQ:EXLS – Get Free Report) last announced its earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.08). The business had revenue of $481.43 million for the quarter, compared to analysts’ expectations of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. On average, equities analysts forecast that ExlService will post 1.27 earnings per share for the current year.

Insider Activity at ExlService

In other ExlService news, EVP Anita Mahon sold 10,558 shares of ExlService stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total value of $484,823.36. Following the completion of the sale, the executive vice president now owns 94,443 shares in the company, valued at $4,336,822.56. The trade was a 10.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Maurizio Nicolelli sold 13,753 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the completion of the sale, the chief financial officer now directly owns 194,440 shares in the company, valued at $9,554,781.60. This represents a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,351 shares of company stock valued at $2,337,284. 4.16% of the stock is owned by insiders.

Hedge Funds Weigh In On ExlService

A number of large investors have recently modified their holdings of EXLS. Stifel Financial Corp boosted its position in shares of ExlService by 38.1% in the third quarter. Stifel Financial Corp now owns 81,359 shares of the business services provider’s stock worth $3,104,000 after buying an additional 22,435 shares during the period. MML Investors Services LLC lifted its position in ExlService by 23.2% during the 3rd quarter. MML Investors Services LLC now owns 10,415 shares of the business services provider’s stock worth $397,000 after acquiring an additional 1,959 shares in the last quarter. Barclays PLC boosted its holdings in ExlService by 62.6% in the 3rd quarter. Barclays PLC now owns 446,605 shares of the business services provider’s stock worth $17,040,000 after acquiring an additional 171,912 shares during the period. M&T Bank Corp purchased a new stake in shares of ExlService during the third quarter valued at approximately $204,000. Finally, Geode Capital Management LLC lifted its position in shares of ExlService by 3.6% during the third quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock worth $165,083,000 after purchasing an additional 149,856 shares in the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

About ExlService

(Get Free Report)

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.

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