ExlService (NASDAQ:EXLS – Get Free Report) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Saturday.
Other equities analysts have also recently issued research reports about the company. Citigroup raised their target price on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Needham & Company LLC raised their target price on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Robert W. Baird raised their target price on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group raised their price target on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, ExlService currently has an average rating of “Moderate Buy” and a consensus target price of $45.00.
Get Our Latest Stock Analysis on ExlService
ExlService Stock Performance
ExlService (NASDAQ:EXLS – Get Free Report) last announced its earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The company’s revenue was up 14.9% on a year-over-year basis. On average, equities analysts forecast that ExlService will post 1.27 earnings per share for the current fiscal year.
Insider Buying and Selling at ExlService
In other ExlService news, insider Vikas Bhalla sold 22,813 shares of the business’s 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 transaction, the insider now owns 102,825 shares of the company’s stock, valued at $4,304,254.50. The trade was a 18.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jaynie M. Studenmund sold 3,645 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total transaction of $160,562.25. Following the completion of the transaction, the director now directly owns 14,580 shares in the company, valued at approximately $642,249. This represents a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 426,458 shares of company stock worth $18,720,514 over the last ninety days. 4.16% of the stock is currently owned by corporate insiders.
Institutional Trading of ExlService
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Trust Point Inc. raised its stake in ExlService by 3.0% in the 4th quarter. Trust Point Inc. now owns 35,179 shares of the business services provider’s stock worth $1,561,000 after purchasing an additional 1,029 shares in the last quarter. Smith Group Asset Management LLC raised its stake in ExlService by 1.9% in the 4th quarter. Smith Group Asset Management LLC now owns 422,607 shares of the business services provider’s stock worth $18,755,000 after purchasing an additional 7,694 shares in the last quarter. Pacer Advisors Inc. raised its stake in ExlService by 1.9% in the 4th quarter. Pacer Advisors Inc. now owns 24,027 shares of the business services provider’s stock worth $1,066,000 after purchasing an additional 447 shares in the last quarter. KBC Group NV raised its stake in ExlService by 29.8% in the 4th quarter. KBC Group NV now owns 6,583 shares of the business services provider’s stock worth $292,000 after purchasing an additional 1,512 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in ExlService by 66.7% during the fourth quarter. Blue Trust Inc. now owns 8,228 shares of the business services provider’s stock worth $365,000 after purchasing an additional 3,292 shares during the period. Institutional investors and hedge funds 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.
Featured Stories
- Five stocks we like better than ExlService
- EV Stocks and How to Profit from Them
- Why Energy Transfer Stock Could Soar to New Highs in 2025
- Energy and Oil Stocks Explained
- 3 Buy-and-Hold Stocks for Long-Term Growth
- What is a Stock Market Index and How Do You Use Them?
- Despite Short-Term Risks Freeport McMoran Worth a Look
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.