ExlService (NASDAQ:EXLS) Cut to "Hold" at StockNews.com

StockNews.com downgraded shares of ExlService (NASDAQ:EXLS - Free Report) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Other analysts also recently issued reports about the stock. Robert W. Baird increased their price objective on shares of ExlService from $40.00 to $44.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Jefferies Financial Group increased their price target on shares of ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday. Citigroup boosted their price objective on shares of ExlService from $38.00 to $46.00 and gave the stock a "buy" rating in a report on Monday, October 14th. Finally, Needham & Company LLC increased their target price on ExlService from $40.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $45.00.

ExlService Stock Up 0.0 %

NASDAQ:EXLS traded up $0.02 during mid-day trading on Friday, hitting $49.14. 911,272 shares of the company's stock were exchanged, compared to its average volume of 777,519. The company has a market cap of $7.91 billion, a PE ratio of 43.11, a P/E/G ratio of 2.08 and a beta of 1.02. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. ExlService has a one year low of $28.16 and a one year high of $50.11. The business has a fifty day moving average price of $45.90 and a 200 day moving average price of $40.40.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. The company had revenue of $472.07 million for the quarter, compared to the consensus estimate of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The firm's quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 EPS. Equities analysts predict that ExlService will post 1.27 EPS for the current year.

Insider Buying and Selling at ExlService

In other news, CEO Rohit Kapoor sold 100,000 shares of the company's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $41.45, for a total transaction of $4,145,000.00. Following the completion of the sale, the chief executive officer now owns 1,290,240 shares of the company's stock, valued at $53,480,448. This represents a 7.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Vikas Bhalla sold 22,813 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $41.86, for a total transaction of $954,952.18. Following the completion of the transaction, the insider now owns 102,825 shares in the company, valued at $4,304,254.50. This trade represents a 18.16 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 426,458 shares of company stock worth $18,720,514. Insiders own 4.16% of the company's stock.

Institutional Investors Weigh In On ExlService

A number of hedge funds have recently modified their holdings of the business. Chartwell Investment Partners LLC lifted its position in ExlService by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider's stock valued at $1,196,000 after purchasing an additional 254 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its position in shares of ExlService by 1.1% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider's stock valued at $944,000 after buying an additional 261 shares in the last quarter. UMB Bank n.a. grew its stake in shares of ExlService by 17.6% during the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock valued at $85,000 after acquiring an additional 288 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in ExlService by 3.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider's stock worth $279,000 after acquiring an additional 291 shares in the last quarter. Finally, Dakota Wealth Management raised its stake in ExlService by 5.0% during the 4th quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider's stock worth $288,000 after acquiring an additional 311 shares during the period. Institutional investors own 92.92% of the company's stock.

ExlService Company Profile

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.