ExlService (EXLS) Downgraded to “Hold” at BidaskClub

BidaskClub downgraded shares of ExlService (NASDAQ:EXLS) from a buy rating to a hold rating in a report published on Tuesday morning.

Other equities research analysts also recently issued reports about the stock. Barrington Research set a $70.00 price target on shares of ExlService and gave the company a buy rating in a research note on Friday, July 13th. ValuEngine raised shares of ExlService from a hold rating to a buy rating in a research note on Wednesday, July 11th. Zacks Investment Research raised shares of ExlService from a hold rating to a buy rating and set a $69.00 price target on the stock in a research note on Wednesday, July 18th. Finally, Cantor Fitzgerald reissued a buy rating and issued a $71.00 price target on shares of ExlService in a research note on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $65.20.

ExlService stock opened at $58.44 on Tuesday. The company has a market capitalization of $1.98 billion, a PE ratio of 23.19, a P/E/G ratio of 2.00 and a beta of 1.23. ExlService has a 1 year low of $52.52 and a 1 year high of $67.06. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.50.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Thursday, November 1st. The business services provider reported $0.71 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.71. The business had revenue of $231.12 million for the quarter, compared to the consensus estimate of $231.49 million. ExlService had a net margin of 5.14% and a return on equity of 13.96%. The business’s revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 EPS. On average, research analysts forecast that ExlService will post 2.23 EPS for the current year.

In related news, CFO Vishal Chhibbar sold 2,761 shares of the company’s stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $63.00, for a total transaction of $173,943.00. Following the sale, the chief financial officer now directly owns 8,600 shares of the company’s stock, valued at approximately $541,800. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rohit Kapoor sold 6,761 shares of the company’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $62.54, for a total transaction of $422,832.94. Following the sale, the chief executive officer now directly owns 351,559 shares in the company, valued at $21,986,499.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,233 shares of company stock worth $6,727,414. 4.40% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. OLD National Bancorp IN purchased a new stake in ExlService during the 3rd quarter worth approximately $525,000. GSA Capital Partners LLP grew its holdings in ExlService by 247.7% during the 2nd quarter. GSA Capital Partners LLP now owns 16,466 shares of the business services provider’s stock worth $932,000 after acquiring an additional 11,730 shares in the last quarter. Macquarie Group Ltd. grew its holdings in ExlService by 11.3% during the 2nd quarter. Macquarie Group Ltd. now owns 832,537 shares of the business services provider’s stock worth $47,130,000 after acquiring an additional 84,541 shares in the last quarter. BlackRock Inc. grew its holdings in ExlService by 9.6% during the 2nd quarter. BlackRock Inc. now owns 4,711,882 shares of the business services provider’s stock worth $266,739,000 after acquiring an additional 411,745 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in ExlService by 5.9% during the 2nd quarter. Legal & General Group Plc now owns 74,363 shares of the business services provider’s stock worth $4,218,000 after acquiring an additional 4,131 shares in the last quarter. 91.63% of the stock is currently owned by hedge funds and other institutional investors.

ExlService Company Profile

ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.

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Analyst Recommendations for ExlService (NASDAQ:EXLS)

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