ExlService (NASDAQ:EXLS) Stock Rating Lowered by StockNews.com

ExlService (NASDAQ:EXLS) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Saturday.

EXLS has been the subject of a number of other research reports. Needham & Company LLC boosted their price objective on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group upped their price target on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Robert W. Baird lifted their price objective on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Citigroup increased their target price on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

ExlService Trading Up 0.0 %

Shares of EXLS stock opened at $49.14 on Friday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService has a 12-month low of $28.16 and a 12-month high of $50.11. The stock has a market capitalization of $7.91 billion, a P/E ratio of 43.11, a P/E/G ratio of 2.08 and a beta of 1.02. The firm’s 50 day moving average is $45.90 and its 200 day moving average is $40.47.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. The company had revenue of $472.07 million during the quarter, compared to analyst estimates of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. ExlService’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share. Research analysts expect that ExlService will post 1.27 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Rohit Kapoor sold 100,000 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $42.07, for a total value of $4,207,000.00. Following the sale, the chief executive officer now directly owns 1,190,240 shares in the company, valued at $50,073,396.80. The trade was a 7.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jaynie M. Studenmund sold 3,645 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total value of $160,562.25. Following the sale, the director now owns 14,580 shares in the company, valued at approximately $642,249. This trade represents a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 426,458 shares of company stock valued at $18,720,514 in the last quarter. 4.16% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in shares of ExlService in the 3rd quarter worth about $27,000. Huntington National Bank boosted its position in shares of ExlService by 2,827.5% during the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after buying an additional 1,131 shares during the period. USA Financial Formulas bought a new position in shares of ExlService during the fourth quarter valued at approximately $58,000. UMB Bank n.a. grew its stake in shares of ExlService by 29.7% during the third quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock valued at $62,000 after buying an additional 375 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of ExlService by 32.8% in the third quarter. GAMMA Investing LLC now owns 2,331 shares of the business services provider’s stock worth $89,000 after buying an additional 576 shares during the period. Institutional investors own 92.92% of the company’s stock.

About ExlService

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.