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

StockNews.com lowered shares of ExlService (NASDAQ:EXLS) from a buy rating to a hold rating in a research report report published on Monday morning.

A number of other equities analysts also recently issued reports on the company. Needham & Company LLC increased their price target on ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Stifel Nicolaus raised their target price on shares of ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Jefferies Financial Group boosted their price target on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.86.

ExlService Trading Down 0.9 %

EXLS stock opened at $45.48 on Monday. The company has a market capitalization of $7.38 billion, a PE ratio of 39.90, a P/E/G ratio of 2.11 and a beta of 0.91. 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 has a 12 month low of $28.59 and a 12 month high of $52.43. The firm’s 50-day moving average is $47.17 and its 200 day moving average is $45.51.

ExlService (NASDAQ:EXLS) last issued its earnings results on Tuesday, February 25th. The business services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.08). The company 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, research analysts anticipate that ExlService will post 1.27 EPS for the current year.

Insider Buying and Selling at ExlService

In other news, CFO Maurizio Nicolelli sold 13,753 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 194,440 shares of the company’s stock, valued at approximately $9,554,781.60. This represents a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ajay Ayyappan sold 16,186 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $51.50, for a total value of $833,579.00. Following the completion of the sale, the executive vice president now directly owns 40,986 shares of the company’s stock, valued at $2,110,779. The trade was a 28.31 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,351 shares of company stock valued at $2,337,284. 4.16% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ExlService

Several hedge funds have recently modified their holdings of the stock. Stifel Financial Corp increased its stake in ExlService by 38.1% during the 3rd quarter. Stifel Financial Corp now owns 81,359 shares of the business services provider’s stock valued at $3,104,000 after purchasing an additional 22,435 shares in the last quarter. MML Investors Services LLC increased its position in shares of ExlService by 23.2% in the 3rd quarter. MML Investors Services LLC now owns 10,415 shares of the business services provider’s stock valued at $397,000 after acquiring an additional 1,959 shares during the period. Barclays PLC increased its position in shares of ExlService by 62.6% in the 3rd quarter. Barclays PLC now owns 446,605 shares of the business services provider’s stock valued at $17,040,000 after acquiring an additional 171,912 shares during the period. M&T Bank Corp purchased a new position in ExlService in the 3rd quarter worth $204,000. Finally, Geode Capital Management LLC lifted its position in ExlService by 3.6% during 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 period. Institutional investors and hedge funds 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.