ExlService (EXLS) Cut to “Hold” at BidaskClub

ExlService (NASDAQ:EXLS) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also weighed in on the stock. ValuEngine lowered shares of ExlService from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research lowered shares of ExlService from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $68.00 target price (up from $60.00) on shares of ExlService in a research note on Sunday, October 29th. Barrington Research increased their price objective on shares of ExlService from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Finally, Citigroup increased their price objective on shares of ExlService from $59.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $62.33.

Shares of ExlService (NASDAQ EXLS) traded down $0.68 during midday trading on Friday, reaching $60.70. 216,076 shares of the company were exchanged, compared to its average volume of 125,710. The firm has a market cap of $2,083.42, a price-to-earnings ratio of 25.58, a PEG ratio of 2.12 and a beta of 1.26. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.81 and a current ratio of 3.81. ExlService has a 12-month low of $44.25 and a 12-month high of $62.99.

ExlService (NASDAQ:EXLS) last announced its earnings results on Thursday, October 26th. The business services provider reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.03. The firm had revenue of $192.30 million during the quarter, compared to analyst estimates of $191.20 million. ExlService had a net margin of 9.94% and a return on equity of 14.81%. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 EPS. analysts expect that ExlService will post 2.12 earnings per share for the current fiscal year.

In other news, Director David B. Kelso sold 6,576 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $61.66, for a total value of $405,476.16. Following the sale, the director now directly owns 6,576 shares of the company’s stock, valued at approximately $405,476.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Villa Rembert De sold 31,370 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $57.21, for a total transaction of $1,794,677.70. Following the completion of the sale, the executive vice president now directly owns 17,067 shares in the company, valued at $976,403.07. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 388,834 shares of company stock valued at $22,724,604. Company insiders own 5.80% of the company’s stock.

Several hedge funds have recently modified their holdings of EXLS. Riverhead Capital Management LLC raised its holdings in shares of ExlService by 61.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,264 shares of the business services provider’s stock valued at $126,000 after purchasing an additional 864 shares during the period. ETRADE Capital Management LLC bought a new stake in shares of ExlService in the 3rd quarter valued at about $216,000. Sei Investments Co. raised its holdings in shares of ExlService by 105.3% in the 2nd quarter. Sei Investments Co. now owns 3,899 shares of the business services provider’s stock valued at $217,000 after purchasing an additional 2,000 shares during the period. Fortaleza Asset Management Inc. bought a new stake in shares of ExlService in the 2nd quarter valued at about $230,000. Finally, GSA Capital Partners LLP bought a new stake in shares of ExlService in the 2nd quarter valued at about $234,000. 95.72% of the stock is currently owned by institutional investors.

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ExlService 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.

Analyst Recommendations for ExlService (NASDAQ:EXLS)

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