ExlService (EXLS) Lowered to “Hold” at ValuEngine
ValuEngine cut shares of ExlService (NASDAQ:EXLS) from a buy rating to a hold rating in a research report released on Friday morning.
A number of other research analysts also recently commented on EXLS. Wedbush started coverage on shares of ExlService in a research report on Thursday, August 3rd. They issued a neutral rating and a $63.00 target price on the stock. BidaskClub downgraded shares of ExlService from a buy rating to a hold rating in a research report on Tuesday, August 8th. Bank of America downgraded shares of ExlService from a buy rating to an underperform rating and set a $55.00 target price on the stock. in a research report on Wednesday, August 9th. Cowen reaffirmed a buy rating on shares of ExlService in a research report on Friday, September 1st. Finally, Robert W. Baird reaffirmed a buy rating and issued a $62.00 target price on shares of ExlService in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $62.33.
ExlService (NASDAQ:EXLS) traded down $0.68 during midday trading on Friday, hitting $60.70. 216,076 shares of the company were exchanged, compared to its average volume of 125,710. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.81 and a quick ratio of 3.81. The stock has a market cap of $2,083.42, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 2.12 and a beta of 1.26. ExlService has a 1 year low of $44.25 and a 1 year high of $62.99.
ExlService (NASDAQ:EXLS) last posted its earnings results on Thursday, October 26th. The business services provider reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.03. The firm had revenue of $192.30 million for the quarter, compared to the consensus estimate of $191.20 million. ExlService had a net margin of 9.94% and a return on equity of 14.81%. The company’s revenue was up 12.3% on a year-over-year basis. During the same period last year, the firm posted $0.61 EPS. equities analysts expect that ExlService will post 2.12 earnings per share for the current year.
In other ExlService news, CEO Rohit Kapoor sold 14,220 shares of the firm’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $55.63, for a total transaction of $791,058.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Villa Rembert De sold 31,370 shares of the firm’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $57.21, for a total transaction of $1,794,677.70. Following the transaction, the executive vice president now directly owns 17,067 shares in the company, valued at $976,403.07. The disclosure for this sale can be found here. Insiders have sold a total of 388,834 shares of company stock worth $22,724,604 over the last three months. 5.80% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of EXLS. Bank of Montreal Can lifted its stake in shares of ExlService by 0.7% in the 2nd quarter. Bank of Montreal Can now owns 4,478 shares of the business services provider’s stock worth $249,000 after acquiring an additional 31 shares during the period. Pinebridge Investments L.P. lifted its stake in shares of ExlService by 1.5% in the 2nd quarter. Pinebridge Investments L.P. now owns 4,437 shares of the business services provider’s stock worth $246,000 after acquiring an additional 67 shares during the period. 1st Global Advisors Inc. lifted its stake in shares of ExlService by 1.1% in the 2nd quarter. 1st Global Advisors Inc. now owns 9,138 shares of the business services provider’s stock worth $508,000 after acquiring an additional 100 shares during the period. Arizona State Retirement System lifted its stake in shares of ExlService by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 17,592 shares of the business services provider’s stock worth $978,000 after acquiring an additional 100 shares during the period. Finally, US Bancorp DE lifted its stake in shares of ExlService by 1.3% in the 2nd quarter. US Bancorp DE now owns 13,950 shares of the business services provider’s stock worth $775,000 after acquiring an additional 174 shares during the period. 95.72% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY WARNING: “ExlService (EXLS) Lowered to “Hold” at ValuEngine” was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://www.watchlistnews.com/exlservice-exls-lowered-to-hold-at-valuengine/1739987.html.
ExlService Holdings, Inc is an operations management and analytics company. The Company segments include Insurance; Healthcare; Travel, Transportation and Logistics; Finance and Accounting (F&A); Analytics, and All Other. The Insurance operating segment serves property and casualty insurance, life insurance, disability insurance, annuity and retirement services companies.
Receive News & Ratings for ExlService Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExlService Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.