ExlService (EXLS) Stock Rating Lowered by Zacks Investment Research

ExlService (NASDAQ:EXLS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “ExlService Holdings, Inc. is a leading operations management and analytics company that designs and enables agile, customer-centric operating models to help clients improve their revenue growth and profitability. ExlService Holdings delivery model provides market-leading business outcomes using EXL’s proprietary Business EXLerator Framework, cutting-edge analytics, digital transformation and domain expertise. At EXL, look deeper to help companies improve global operations, enhance data-driven insights, increase customer satisfaction, and manage risk and compliance. EXL serves the insurance, healthcare, banking and financial services, utilities, travel, transportation and logistics industries. “

Several other research firms have also weighed in on EXLS. BidaskClub upgraded ExlService from a “sell” rating to a “hold” rating in a report on Monday. Cantor Fitzgerald reiterated a “buy” rating and set a $64.00 target price on shares of ExlService in a report on Thursday, October 26th. ValuEngine lowered ExlService from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Robert W. Baird lifted their target price on ExlService from $62.00 to $66.00 and gave the stock an “outperform” rating in a report on Thursday, October 12th. Finally, SunTrust Banks reiterated a “hold” rating and set a $60.00 target price on shares of ExlService in a report on Monday, October 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $62.33.

ExlService (NASDAQ:EXLS) traded down $1.14 during trading hours on Tuesday, hitting $58.53. The stock had a trading volume of 268,829 shares, compared to its average volume of 117,568. ExlService has a 1-year low of $44.25 and a 1-year high of $64.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.81 and a quick ratio of 3.81. The company has a market cap of $1,990.00, a price-to-earnings ratio of 27.74, a P/E/G ratio of 1.89 and a beta of 1.14.

In other ExlService news, CFO Vishal Chhibbar sold 3,000 shares of ExlService stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $63.90, for a total value of $191,700.00. Following the sale, the chief financial officer now owns 3,000 shares of the company’s stock, valued at approximately $191,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David B. Kelso sold 6,576 shares of ExlService 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 completion of the sale, the director now directly owns 6,576 shares in the company, valued at approximately $405,476.16. The disclosure for this sale can be found here. Insiders sold a total of 24,756 shares of company stock worth $1,516,115 in the last three months. Company insiders own 5.80% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXLS. Ameriprise Financial Inc. raised its stake in shares of ExlService by 0.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 202,609 shares of the business services provider’s stock valued at $11,263,000 after purchasing an additional 1,009 shares during the period. Amalgamated Bank raised its stake in shares of ExlService by 5.2% in the 2nd quarter. Amalgamated Bank now owns 4,539 shares of the business services provider’s stock valued at $252,000 after purchasing an additional 225 shares during the period. New York State Common Retirement Fund raised its stake in shares of ExlService by 5.4% in the 2nd quarter. New York State Common Retirement Fund now owns 35,400 shares of the business services provider’s stock valued at $1,968,000 after purchasing an additional 1,799 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of ExlService by 11.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 17,294 shares of the business services provider’s stock valued at $961,000 after purchasing an additional 1,777 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in shares of ExlService in the 2nd quarter valued at about $234,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

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About ExlService

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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