ExlService (NASDAQ:EXLS) Downgraded by StockNews.com

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

A number of other equities research analysts have also recently issued reports on the company. Robert W. Baird boosted their price objective on ExlService from $138.00 to $146.00 in a report on Thursday, April 14th. Bank of America upgraded shares of ExlService from a “neutral” rating to a “buy” rating and lifted their price target for the company from $132.00 to $143.00 in a research report on Tuesday, March 1st. Citigroup lifted their price target on shares of ExlService from $127.00 to $149.00 in a research report on Wednesday, April 20th. Cowen lifted their price target on shares of ExlService from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, April 5th. Finally, Zacks Investment Research upgraded shares of ExlService from a “hold” rating to a “buy” rating and set a $152.00 price target for the company in a research report on Tuesday, May 3rd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $147.33.

Shares of NASDAQ:EXLS opened at $137.36 on Friday. ExlService has a 12-month low of $93.46 and a 12-month high of $154.98. The stock has a market cap of $4.57 billion, a PE ratio of 39.47, a P/E/G ratio of 2.43 and a beta of 0.97. The business has a 50 day moving average of $138.24 and a 200-day moving average of $132.56. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLSGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The business services provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.12. ExlService had a return on equity of 20.12% and a net margin of 10.00%. The company had revenue of $329.20 million during the quarter, compared to analysts’ expectations of $307.04 million. During the same quarter in the previous year, the company posted $1.02 earnings per share. The business’s revenue was up 25.9% on a year-over-year basis. Equities research analysts expect that ExlService will post 4.54 earnings per share for the current year.

In related news, SVP Ajay Ayyappan bought 1,263 shares of the firm’s stock in a transaction on Wednesday, March 16th. The shares were purchased at an average price of $136.04 per share, with a total value of $171,818.52. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Anita Mahon acquired 1,150 shares of ExlService stock in a transaction that occurred on Wednesday, March 16th. The stock was acquired at an average cost of $138.05 per share, for a total transaction of $158,757.50. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 4,613 shares of company stock worth $604,726. Insiders own 3.60% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA grew its stake in shares of ExlService by 151.5% in the third quarter. BNP Paribas Arbitrage SA now owns 42,331 shares of the business services provider’s stock worth $5,212,000 after purchasing an additional 25,502 shares during the last quarter. Morgan Stanley grew its stake in shares of ExlService by 32.0% in the third quarter. Morgan Stanley now owns 170,142 shares of the business services provider’s stock worth $20,948,000 after purchasing an additional 41,260 shares during the last quarter. Raymond James & Associates grew its stake in shares of ExlService by 1,550.5% in the third quarter. Raymond James & Associates now owns 32,547 shares of the business services provider’s stock worth $4,007,000 after purchasing an additional 30,575 shares during the last quarter. Kestra Private Wealth Services LLC bought a new stake in ExlService during the fourth quarter valued at $684,000. Finally, Dupont Capital Management Corp bought a new stake in ExlService during the fourth quarter valued at $151,000. 94.71% 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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Analyst Recommendations for ExlService (NASDAQ:EXLS)

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