ExlService (EXLS) Rating Lowered to Sell at Zacks Investment Research
ExlService (NASDAQ:EXLS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.
According to Zacks, “EXLSERVICE HOLDINGS,INC., is a leading provider of offshore Business Process Outsourcing solutions to the Global 1000. EXL is an organization that strives to build lasting relationships with its clients based on consistent high-quality service delivery, trust, and confidence that is unparalleled in the BPO industry today. EXL specializes in providing BPO services to the Banking, Financial Services, Insurance, and Utilities industry verticals. “
Several other analysts also recently weighed in on the company. Barrington Research boosted their target price on ExlService from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Stifel Nicolaus reissued a “buy” rating and issued a $67.00 target price on shares of ExlService in a report on Thursday, October 26th. Cowen reissued a “buy” rating on shares of ExlService in a report on Friday, September 1st. Needham & Company LLC reissued a “buy” rating and issued a $68.00 target price (up from $60.00) on shares of ExlService in a report on Sunday, October 29th. Finally, Citigroup boosted their target price on ExlService from $59.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $62.33.
ExlService (NASDAQ:EXLS) traded down $0.28 during trading on Wednesday, hitting $61.14. The stock had a trading volume of 87,037 shares, compared to its average volume of 157,087. ExlService has a fifty-two week low of $44.25 and a fifty-two week high of $63.35. 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 $2,080.00, a P/E ratio of 28.98, a P/E/G ratio of 2.13 and a beta of 1.26.
ExlService (NASDAQ:EXLS) last posted its earnings results on Thursday, October 26th. The business services provider reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.03. ExlService had a return on equity of 14.81% and a net margin of 9.94%. The business had revenue of $192.30 million during the quarter, compared to the consensus estimate of $191.20 million. During the same period in the previous year, the business earned $0.61 EPS. The business’s quarterly revenue was up 12.3% on a year-over-year basis. sell-side analysts forecast that ExlService will post 2.12 earnings per share for the current year.
In other ExlService news, CEO Rohit Kapoor sold 42,118 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $58.96, for a total transaction of $2,483,277.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vishal Chhibbar sold 2,019 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $59.40, for a total value of $119,928.60. Following the sale, the chief financial officer now directly owns 5,100 shares of the company’s stock, valued at $302,940. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 188,289 shares of company stock valued at $11,344,488. 5.80% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of Montreal Can increased its position in ExlService by 0.7% during the 2nd quarter. Bank of Montreal Can now owns 4,478 shares of the business services provider’s stock worth $249,000 after purchasing an additional 31 shares during the period. Pinebridge Investments L.P. increased its position in ExlService by 1.5% during the 2nd quarter. Pinebridge Investments L.P. now owns 4,437 shares of the business services provider’s stock worth $246,000 after purchasing an additional 67 shares during the period. 1st Global Advisors Inc. increased its position in ExlService by 1.1% during the 2nd quarter. 1st Global Advisors Inc. now owns 9,138 shares of the business services provider’s stock worth $508,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System grew its holdings 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, Amalgamated Bank grew its holdings in shares of ExlService by 5.2% in the 2nd quarter. Amalgamated Bank now owns 4,539 shares of the business services provider’s stock worth $252,000 after acquiring an additional 225 shares during the period. Institutional investors own 92.13% of the company’s stock.
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ExlService Company Profile
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.
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