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.
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.
ILLEGAL ACTIVITY WARNING: “ExlService (EXLS) Cut to “Hold” at BidaskClub” was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/02/exlservice-exls-cut-to-hold-at-bidaskclub.html.
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.
Receive News & Ratings for ExlService Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExlService Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.