ValuEngine Downgrades ExlService (EXLS) to Hold

ValuEngine lowered shares of ExlService (NASDAQ:EXLS) from a buy rating to a hold rating in a report issued on Tuesday.

EXLS has been the subject of a number of other reports. Zacks Investment Research cut ExlService from a hold rating to a sell rating in a report on Tuesday, November 6th. Barrington Research reaffirmed a buy rating and issued a $70.00 price target on shares of ExlService in a report on Tuesday, September 25th. Finally, BidaskClub raised ExlService from a hold rating to a buy rating in a report on Wednesday, September 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $65.20.

ExlService stock opened at $55.35 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.28 and a quick ratio of 3.28. ExlService has a 12-month low of $52.52 and a 12-month high of $67.06. The stock has a market capitalization of $1.90 billion, a P/E ratio of 21.96, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23.

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 the Zacks’ consensus estimate of $0.71. ExlService had a return on equity of 13.96% and a net margin of 5.14%. The business had revenue of $231.12 million during the quarter, compared to analysts’ expectations of $231.49 million. During the same period in the previous year, the business posted $0.69 earnings per share. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. As a group, sell-side analysts predict that ExlService will post 2.23 EPS for the current fiscal year.

In other ExlService news, CEO Rohit Kapoor sold 2,687 shares of the business’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $66.50, for a total transaction of $178,685.50. Following the completion of the sale, the chief executive officer now directly owns 219,664 shares of the company’s stock, valued at approximately $14,607,656. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vishal Chhibbar sold 2,761 shares of the business’s stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $63.00, for a total value of $173,943.00. Following the sale, the chief financial officer now directly owns 8,600 shares of the company’s stock, valued at $541,800. The disclosure for this sale can be found here. Insiders have sold a total of 104,233 shares of company stock valued at $6,727,414 over the last three months. Company insiders own 4.40% of the company’s stock.

A number of large investors have recently made changes to their positions in EXLS. BlackRock Inc. raised 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 purchasing an additional 411,745 shares during the last quarter. Bernzott Capital Advisors bought a new stake in shares of ExlService in the 2nd quarter valued at about $22,316,000. BTIM Corp. bought a new stake in shares of ExlService in the 2nd quarter valued at about $12,675,000. Macquarie Group Ltd. increased its stake in shares of ExlService by 24.5% in the 3rd quarter. Macquarie Group Ltd. now owns 1,036,653 shares of the business services provider’s stock valued at $68,626,000 after acquiring an additional 204,116 shares during the last quarter. Finally, Summit Creek Advisors LLC bought a new stake in shares of ExlService in the 3rd quarter valued at about $6,378,000. 92.21% of the stock is 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.

Featured Article: Price to Earnings Ratio (PE), For Valuing Stocks

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

Analyst Recommendations for ExlService (NASDAQ:EXLS)

Receive News & Ratings for ExlService Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExlService and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply