ExlService Holdings, Inc. (EXLS) Lowered to “Neutral” at Citigroup Inc.
ExlService Holdings, Inc. (NASDAQ:EXLS) was downgraded by stock analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, The Fly reports.
EXLS has been the topic of a number of other reports. Zacks Investment Research lowered ExlService Holdings from a “hold” rating to a “sell” rating in a research report on Friday, March 24th. Cowen and Company reaffirmed an “outperform” rating and set a $54.00 target price on shares of ExlService Holdings in a research report on Tuesday, April 11th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $56.00 target price (up from $50.00) on shares of ExlService Holdings in a research report on Wednesday, May 3rd. Wells Fargo & Company reaffirmed a “market perform” rating and set a $50.00 target price (up from $48.00) on shares of ExlService Holdings in a research report on Tuesday, May 23rd. Finally, Needham & Company LLC upped their target price on ExlService Holdings from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, June 21st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $56.50.
Shares of ExlService Holdings (EXLS) opened at 55.17 on Tuesday. ExlService Holdings has a one year low of $42.00 and a one year high of $56.66. The firm’s 50-day moving average is $52.62 and its 200 day moving average is $48.81. The firm has a market capitalization of $1.86 billion, a P/E ratio of 29.50 and a beta of 1.29.
ExlService Holdings (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, May 2nd. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.14. The firm had revenue of $183.03 million for the quarter, compared to analysts’ expectations of $176.96 million. ExlService Holdings had a return on equity of 13.59% and a net margin of 9.22%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.56 EPS. Equities research analysts predict that ExlService Holdings will post $2.57 earnings per share for the current year.
In related news, EVP Vikas Bhalla sold 11,168 shares of the stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $47.53, for a total value of $530,815.04. Following the completion of the sale, the executive vice president now directly owns 2 shares of the company’s stock, valued at approximately $95.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Rohit Kapoor sold 10,876 shares of the stock in a transaction on Wednesday, April 19th. The shares were sold at an average price of $46.10, for a total value of $501,383.60. The disclosure for this sale can be found here. Insiders have sold 245,570 shares of company stock worth $12,268,052 over the last ninety days. 5.80% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in EXLS. Bank of Montreal Can raised its stake in ExlService Holdings by 0.7% in the second quarter. Bank of Montreal Can now owns 4,478 shares of the business services provider’s stock worth $249,000 after buying an additional 31 shares during the last quarter. Aperio Group LLC raised its stake in ExlService Holdings by 0.4% in the third quarter. Aperio Group LLC now owns 9,071 shares of the business services provider’s stock worth $452,000 after buying an additional 32 shares during the last quarter. Atria Investments LLC raised its stake in ExlService Holdings by 1.1% in the second quarter. Atria Investments LLC now owns 5,055 shares of the business services provider’s stock worth $281,000 after buying an additional 56 shares during the last quarter. State of Alaska Department of Revenue raised its stake in ExlService Holdings by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,700 shares of the business services provider’s stock worth $175,000 after buying an additional 70 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in ExlService Holdings by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the business services provider’s stock worth $776,000 after buying an additional 100 shares during the last quarter. 95.10% of the stock is owned by institutional investors and hedge funds.
ExlService Holdings Company Profile
ExlService Holdings, Inc is an operations management and analytics company. The Company segments include Insurance; Healthcare; Travel, Transportation and Logistics; Finance and Accounting (F&A); Analytics, and All Other. The Insurance operating segment serves property and casualty insurance, life insurance, disability insurance, annuity and retirement services companies.
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