ExlService Holdings, Inc. (NASDAQ:EXLS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
According to Zacks, “EXLSERVICE HOLDINGS,INC., is a leading provider of offshore Business Process Outsourcing solutions to the Global 1000. EXL is an organization that strives to build lasting relationships with its clients based on consistent high-quality service delivery, trust, and confidence that is unparalleled in the BPO industry today. EXL specializes in providing BPO services to the Banking, Financial Services, Insurance, and Utilities industry verticals. “
Several other research analysts also recently issued reports on EXLS. Wedbush reiterated a “neutral” rating and issued a $63.00 target price on shares of ExlService Holdings in a research note on Wednesday, August 9th. BidaskClub downgraded shares of ExlService Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Cowen and Company reiterated a “buy” rating and issued a $54.00 target price on shares of ExlService Holdings in a research note on Friday, July 28th. Needham & Company LLC reiterated a “buy” rating and issued a $60.00 target price (up previously from $59.00) on shares of ExlService Holdings in a research note on Sunday, July 30th. Finally, Citigroup Inc. upped their target price on shares of ExlService Holdings from $59.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. ExlService Holdings currently has a consensus rating of “Hold” and a consensus price target of $62.33.
ExlService Holdings (NASDAQ EXLS) traded down $0.33 during trading hours on Thursday, reaching $61.30. 93,400 shares of the company traded hands, compared to its average volume of 127,072. ExlService Holdings has a 1-year low of $42.96 and a 1-year high of $62.92. 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 capitalization of $2,080.71, a price-to-earnings ratio of 25.54, a P/E/G ratio of 2.12 and a beta of 1.30.
ExlService Holdings (NASDAQ:EXLS) last posted its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.65 by $0.03. ExlService Holdings had a net margin of 9.94% and a return on equity of 14.81%. The business had revenue of $192.30 million for the quarter, compared to analyst estimates of $191.20 million. During the same quarter in the previous year, the firm posted $0.61 earnings per share. ExlService Holdings’s quarterly revenue was up 12.3% on a year-over-year basis. analysts anticipate that ExlService Holdings will post 2.12 earnings per share for the current year.
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In related news, CEO Rohit Kapoor sold 35,780 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $55.79, for a total transaction of $1,996,166.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Villa Rembert De sold 31,370 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now owns 17,067 shares in the company, valued at approximately $976,403.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 383,158 shares of company stock worth $22,369,537. 5.80% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the business. Dubuque Bank & Trust Co. increased its holdings in ExlService Holdings by 2.6% during the second quarter. Dubuque Bank & Trust Co. now owns 4,350 shares of the business services provider’s stock valued at $242,000 after buying an additional 110 shares during the last quarter. Aperio Group LLC increased its holdings in ExlService Holdings 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 buying an additional 3,044 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in ExlService Holdings 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 buying an additional 4,464 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in ExlService Holdings by 41.5% during the first quarter. UBS Asset Management Americas Inc. now owns 15,517 shares of the business services provider’s stock valued at $735,000 after buying an additional 4,550 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in ExlService Holdings 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 buying an additional 100 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.
About ExlService Holdings
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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