ExlService (NASDAQ:EXLS) Lowered to “Hold” at StockNews.com

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

EXLS has been the topic of several other reports. Citigroup boosted their target price on shares of ExlService from $127.00 to $149.00 in a report on Wednesday, April 20th. Cowen boosted their price target on shares of ExlService from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, April 5th. Bank of America raised shares of ExlService from a “neutral” rating to a “buy” rating and boosted their price target for the company from $132.00 to $143.00 in a research note on Tuesday, March 1st. Robert W. Baird boosted their price target on shares of ExlService from $138.00 to $146.00 in a research note on Thursday, April 14th. Finally, Zacks Investment Research raised shares of ExlService from a “hold” rating to a “buy” rating and set a $152.00 price target on the stock in a research note 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’s stock. According to MarketBeat, ExlService currently has an average rating of “Hold” and a consensus target price of $147.33.

EXLS opened at $149.94 on Thursday. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $4.99 billion, a PE ratio of 43.09, a PEG ratio of 2.52 and a beta of 0.97. The firm’s 50-day moving average price is $141.01 and its 200 day moving average price is $133.67. ExlService has a twelve month low of $102.94 and a twelve month high of $154.98.

ExlService (NASDAQ:EXLSGet Rating) last posted its earnings results on Thursday, April 28th. The business services provider reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.19. The company had revenue of $329.20 million for the quarter, compared to analyst estimates of $307.04 million. ExlService had a net margin of 10.00% and a return on equity of 20.12%. ExlService’s revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.02 EPS. As a group, analysts predict that ExlService will post 4.54 earnings per share for the current fiscal year.

In other news, CFO Maurizio Nicolelli acquired 1,200 shares of the company’s stock in a transaction on Monday, March 14th. The shares were bought at an average cost of $124.50 per share, with a total value of $149,400.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Narasimha Kini acquired 500 shares of the company’s stock in a transaction on Friday, March 11th. The stock was purchased at an average cost of $125.00 per share, for a total transaction of $62,500.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 4,613 shares of company stock worth $604,726. 2.81% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in EXLS. Rockefeller Capital Management L.P. purchased a new stake in shares of ExlService in the 3rd quarter valued at approximately $125,000. Franklin Resources Inc. purchased a new stake in shares of ExlService in the 3rd quarter valued at approximately $1,044,000. Voya Investment Management LLC increased its position in shares of ExlService by 0.8% in the 3rd quarter. Voya Investment Management LLC now owns 24,192 shares of the business services provider’s stock valued at $2,978,000 after purchasing an additional 201 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of ExlService by 6.4% in the 3rd quarter. Invesco Ltd. now owns 287,353 shares of the business services provider’s stock valued at $35,379,000 after buying an additional 17,228 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in shares of ExlService by 32.0% in the 3rd quarter. Morgan Stanley now owns 170,142 shares of the business services provider’s stock valued at $20,948,000 after buying an additional 41,260 shares in the last quarter. 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.

Recommended Stories

Analyst Recommendations for ExlService (NASDAQ:EXLS)

Receive News & Ratings for ExlService Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExlService and related companies with MarketBeat.com's FREE daily email newsletter.