Research Analysts’ Recent Ratings Changes for ExlService (EXLS)

A number of research firms have changed their ratings and price targets for ExlService (NASDAQ: EXLS):

  • 5/14/2019 – ExlService was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 5/7/2019 – ExlService was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 5/6/2019 – ExlService had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $71.00 price target on the stock. They wrote, “: We maintain our Overweight rating and 12-month price target of $71 on EXL Services, following our meetings with management. We recently traveled with management. EXLS has seen steady demand in its core business. Margins are on track to improve this year with potential for further expansion. Health Integrated will wind down this year, which weighs on results in the short term, but should help over the long run.””
  • 4/30/2019 – ExlService was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 4/30/2019 – ExlService was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 4/28/2019 – ExlService had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $71.00 price target on the stock. They wrote, “Our Overweight rating on EXLServices is based on our belief Analytics will power growth going forward. EXLS has a strong balance sheet from which to potentially perform accretive acquisitions, which we see as an opportunity and driver of results. The core tenets of our investment thesis are in place, and the risk/reward remains favorable, in our opinion. Valuation Summary EXLS deserves multiple ahead of the group.””
  • 4/9/2019 – ExlService was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 3/26/2019 – ExlService was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Shares of EXLS stock opened at $60.24 on Thursday. ExlService Holdings, Inc. has a 52 week low of $44.29 and a 52 week high of $67.06. The firm has a market capitalization of $2.07 billion, a P/E ratio of 26.08, a price-to-earnings-growth ratio of 2.32 and a beta of 1.12. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.48.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.17. ExlService had a return on equity of 13.63% and a net margin of 5.27%. The company had revenue of $239.57 million during the quarter, compared to analyst estimates of $238.88 million. During the same quarter last year, the firm posted $0.65 earnings per share. The firm’s revenue was up 15.8% on a year-over-year basis. Sell-side analysts anticipate that ExlService Holdings, Inc. will post 2.31 EPS for the current fiscal year.

In related news, VP Nagaraja Srivatsan sold 2,102 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $59.92, for a total value of $125,951.84. Following the completion of the sale, the vice president now owns 6,854 shares of the company’s stock, valued at $410,691.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Nalin Kumar Miglani sold 2,030 shares of the firm’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $62.29, for a total value of $126,448.70. Following the completion of the sale, the executive vice president now directly owns 992 shares of the company’s stock, valued at approximately $61,791.68. The disclosure for this sale can be found here. Insiders sold 33,238 shares of company stock valued at $2,012,980 in the last ninety days. 3.60% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its position in ExlService by 1.0% during the first quarter. BlackRock Inc. now owns 4,953,103 shares of the business services provider’s stock valued at $297,285,000 after buying an additional 48,222 shares during the period. Vanguard Group Inc. lifted its position in ExlService by 2.7% during the third quarter. Vanguard Group Inc. now owns 3,381,703 shares of the business services provider’s stock valued at $223,869,000 after buying an additional 87,854 shares during the period. Mackenzie Financial Corp lifted its position in ExlService by 20.0% during the fourth quarter. Mackenzie Financial Corp now owns 1,723,020 shares of the business services provider’s stock valued at $90,665,000 after buying an additional 287,215 shares during the period. Dimensional Fund Advisors LP lifted its position in ExlService by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,208,963 shares of the business services provider’s stock valued at $72,562,000 after buying an additional 4,201 shares during the period. Finally, Macquarie Group Ltd. lifted its position in ExlService by 0.6% during the first quarter. Macquarie Group Ltd. now owns 1,151,082 shares of the business services provider’s stock valued at $69,088,000 after buying an additional 6,597 shares during the period. 93.59% of the stock is owned by institutional investors and hedge funds.

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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