StockNews.com Downgrades ExlService (NASDAQ:EXLS) to Hold

ExlService (NASDAQ:EXLSGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday.

Several other equities research analysts have also commented on EXLS. Robert W. Baird boosted their price objective on shares of ExlService from $138.00 to $146.00 in a research report on Thursday, April 14th. Citigroup boosted their price objective on shares of ExlService from $127.00 to $149.00 in a research note on Wednesday. Bank of America raised shares of ExlService from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $132.00 to $143.00 in a research note on Tuesday, March 1st. Zacks Investment Research lowered shares of ExlService from a “buy” rating to a “hold” rating in a report on Friday, March 4th. Finally, Cowen lifted their target price on shares of ExlService from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, April 5th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $149.00.

Shares of ExlService stock opened at $150.23 on Friday. ExlService has a 52 week low of $91.59 and a 52 week high of $154.98. The firm’s 50 day moving average is $133.12 and its two-hundred day moving average is $131.31. The firm has a market capitalization of $4.99 billion, a P/E ratio of 44.98, a P/E/G ratio of 2.16 and a beta of 0.99.

ExlService (NASDAQ:EXLSGet Rating) last announced its earnings results on Thursday, February 24th. The business services provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. The business had revenue of $295.50 million for the quarter, compared to analysts’ expectations of $290.53 million. ExlService had a net margin of 10.23% and a return on equity of 19.27%. The company’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 EPS. As a group, sell-side analysts predict that ExlService will post 4.23 earnings per share for the current year.

In other news, EVP Anita Mahon bought 1,150 shares of the business’s stock in a transaction on Wednesday, March 16th. The stock was purchased at an average cost of $138.05 per share, for a total transaction of $158,757.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Narasimha Kini acquired 500 shares of the company’s stock in a transaction dated Monday, March 14th. The stock was purchased at an average cost of $124.50 per share, for a total transaction of $62,250.00. The disclosure for this purchase can be found here. Insiders bought a total of 4,613 shares of company stock valued at $604,726 in the last three months. Insiders own 2.81% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of ExlService by 3.1% during the fourth quarter. BlackRock Inc. now owns 4,986,346 shares of the business services provider’s stock worth $721,873,000 after purchasing an additional 151,555 shares during the period. Macquarie Group Ltd. grew its stake in ExlService by 0.8% in the third quarter. Macquarie Group Ltd. now owns 1,075,762 shares of the business services provider’s stock valued at $132,448,000 after purchasing an additional 9,023 shares in the last quarter. State Street Corp grew its stake in ExlService by 0.3% in the fourth quarter. State Street Corp now owns 1,055,000 shares of the business services provider’s stock valued at $152,732,000 after purchasing an additional 3,377 shares in the last quarter. Geode Capital Management LLC grew its stake in ExlService by 7.4% in the third quarter. Geode Capital Management LLC now owns 614,061 shares of the business services provider’s stock valued at $75,603,000 after purchasing an additional 42,350 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its stake in ExlService by 33.3% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 442,096 shares of the business services provider’s stock valued at $64,002,000 after purchasing an additional 110,377 shares in the last quarter. 91.62% of the stock is currently owned by institutional investors.

ExlService Company Profile (Get Rating)

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. It operates through Insurance, Healthcare, Analytics, and Emerging Business segments. The company provides digital operations and solutions and analytics-driven services across the insurance industry in areas, 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.

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