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

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

Other research analysts also recently issued reports about the company. Needham & Company LLC upped their price target on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Robert W. Baird upped their price target on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Citigroup upped their price objective on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, ExlService presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.86.

ExlService Price Performance

EXLS stock traded up $1.15 during midday trading on Thursday, hitting $45.28. The company’s stock had a trading volume of 540,260 shares, compared to its average volume of 558,368. ExlService has a 12 month low of $28.16 and a 12 month high of $47.37. 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 capitalization 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 company has a 50 day moving average of $45.24 and a two-hundred day moving average of $39.05.

ExlService (NASDAQ:EXLS) last posted 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. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. During the same period in the prior year, the company posted $0.30 EPS. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, analysts expect that ExlService will post 1.27 EPS for the current year.

Insider Transactions at ExlService

In related news, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $42.07, for a total transaction of $4,207,000.00. Following the sale, the chief executive officer now owns 1,190,240 shares in the company, valued at approximately $50,073,396.80. This represents a 7.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jaynie M. Studenmund sold 3,645 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total value of $160,562.25. Following the sale, the director now owns 14,580 shares in the company, valued at $642,249. The trade was a 20.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 426,458 shares of company stock valued at $18,720,514 in the last ninety days. Corporate insiders own 4.16% of the company’s stock.

Institutional Trading of ExlService

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new position in ExlService in the 3rd quarter valued at $27,000. Huntington National Bank grew its position in ExlService by 2,827.5% in 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 last quarter. UMB Bank n.a. grew its position in ExlService by 29.7% in 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 last quarter. GAMMA Investing LLC grew its position in ExlService by 32.8% in 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 last quarter. Finally, First Horizon Advisors Inc. grew its position in ExlService by 25.5% in 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 last quarter. Hedge funds and other 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.