ExlService (EXLS) Stock Rating Lowered by Zacks Investment Research
Zacks Investment Research cut shares of ExlService (NASDAQ:EXLS) from a buy rating to a hold rating in a report issued on Wednesday morning.
According to Zacks, “ExlService Holdings, Inc. is a leading operations management and analytics company that designs and enables agile, customer-centric operating models to help clients improve their revenue growth and profitability. ExlService Holdings delivery model provides market-leading business outcomes using EXL’s proprietary Business EXLerator Framework, cutting-edge analytics, digital transformation and domain expertise. At EXL, look deeper to help companies improve global operations, enhance data-driven insights, increase customer satisfaction, and manage risk and compliance. EXL serves the insurance, healthcare, banking and financial services, utilities, travel, transportation and logistics industries. “
A number of other brokerages also recently commented on EXLS. ValuEngine downgraded shares of ExlService from a buy rating to a hold rating in a research note on Friday, December 1st. BidaskClub downgraded shares of ExlService from a buy rating to a hold rating in a research note on Saturday, December 2nd. Cantor Fitzgerald reiterated a buy rating and set a $71.00 target price on shares of ExlService in a research note on Monday, February 19th. Barrington Research reiterated an outperform rating and set a $70.00 target price (down previously from $72.00) on shares of ExlService in a research note on Monday, February 26th. Finally, Robert W. Baird reiterated a buy rating and set a $65.00 target price on shares of ExlService in a research note on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. ExlService currently has a consensus rating of Hold and an average price target of $62.75.
ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, February 27th. The business services provider reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.02. The business had revenue of $197.88 million during the quarter, compared to the consensus estimate of $194.86 million. ExlService had a net margin of 6.41% and a return on equity of 15.09%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 earnings per share. sell-side analysts forecast that ExlService will post 2.38 EPS for the current year.
In related news, EVP Villa Rembert De sold 3,428 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $60.01, for a total value of $205,714.28. Following the completion of the sale, the executive vice president now directly owns 9,335 shares of the company’s stock, valued at $560,193.35. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Nalin Kumar Miglani sold 5,157 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $58.14, for a total transaction of $299,827.98. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,869 shares of company stock valued at $1,684,055. Insiders own 5.80% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB purchased a new stake in ExlService in the fourth quarter valued at $408,000. We Are One Seven LLC purchased a new stake in ExlService in the fourth quarter valued at $191,000. MetLife Investment Advisors LLC purchased a new stake in ExlService in the fourth quarter valued at $855,000. Millennium Management LLC lifted its position in ExlService by 699.9% in the fourth quarter. Millennium Management LLC now owns 111,121 shares of the business services provider’s stock valued at $6,706,000 after acquiring an additional 97,230 shares during the last quarter. Finally, Teachers Advisors LLC lifted its position in ExlService by 3.3% in the fourth quarter. Teachers Advisors LLC now owns 370,029 shares of the business services provider’s stock valued at $22,331,000 after acquiring an additional 11,819 shares during the last quarter. 92.49% of the stock is owned by hedge funds and other institutional investors.
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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