ExlService (EXLS) Lowered to “Hold” at ValuEngine

ExlService (NASDAQ:EXLS) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.

EXLS has been the topic of several other reports. Wedbush began coverage on shares of ExlService in a research report on Thursday, August 3rd. They issued a “neutral” rating and a $63.00 price objective on the stock. BidaskClub cut shares of ExlService from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Bank of America cut shares of ExlService from a “buy” rating to an “underperform” rating and set a $55.00 price objective on the stock. in a research report on Wednesday, August 9th. Cowen reaffirmed a “buy” rating on shares of ExlService in a research report on Friday, September 1st. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $62.00 price objective on shares of ExlService in a research report on Friday, September 8th. 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 company. The stock presently has a consensus rating of “Hold” and a consensus price target of $62.33.

Shares of ExlService (NASDAQ:EXLS) traded down $0.68 during trading on Friday, hitting $60.70. 216,076 shares of the company were exchanged, compared to its average volume of 125,710. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $2,060.34, a price-to-earnings ratio of 25.29, a P/E/G ratio of 2.09 and a beta of 1.26. ExlService has a fifty-two week low of $44.25 and a fifty-two week high of $62.99.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. The business 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%. ExlService’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 earnings per share. equities analysts anticipate that ExlService will post 2.12 earnings per share for the current fiscal year.

In other ExlService news, CEO Rohit Kapoor sold 35,780 shares of ExlService stock in a transaction on Monday, September 18th. The shares were sold at an average price of $55.79, for a total value of $1,996,166.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Clyde W. Ostler sold 6,916 shares of ExlService stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $62.10, for a total transaction of $429,483.60. Following the completion of the sale, the director now owns 6,916 shares in the company, valued at $429,483.60. The disclosure for this sale can be found here. Insiders sold a total of 388,834 shares of company stock worth $22,724,604 over the last quarter. Company insiders own 5.80% of the company’s stock.

A number of hedge funds have recently modified their holdings of EXLS. California Public Employees Retirement System boosted its holdings in ExlService by 4.0% in the 2nd quarter. California Public Employees Retirement System now owns 52,600 shares of the business services provider’s stock valued at $2,924,000 after purchasing an additional 2,000 shares during the period. Aperio Group LLC lifted its position in shares of ExlService by 29.1% during the second quarter. Aperio Group LLC now owns 13,493 shares of the business services provider’s stock valued at $750,000 after purchasing an additional 3,044 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of ExlService by 66.4% during the second quarter. BNP Paribas Arbitrage SA now owns 11,184 shares of the business services provider’s stock valued at $622,000 after purchasing an additional 4,464 shares in the last quarter. Arizona State Retirement System lifted its position in shares of ExlService by 0.6% during the second quarter. Arizona State Retirement System now owns 17,592 shares of the business services provider’s stock valued at $978,000 after purchasing an additional 100 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of ExlService by 7.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 144,181 shares of the business services provider’s stock valued at $8,014,000 after purchasing an additional 9,895 shares in the last quarter. Hedge funds and other institutional investors own 95.72% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for ExlService (NASDAQ:EXLS)

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