Zacks Investment Research downgraded shares of ExlService (NASDAQ:EXLS) from a hold rating to a sell rating in a research note released on Wednesday, Zacks.com reports.

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. “

Several other equities research analysts have also recently issued reports on EXLS. ValuEngine raised shares of Zynerba Pharmaceuticals from a hold rating to a buy rating in a research note on Tuesday, April 30th. BidaskClub cut shares of Xencor from a sell rating to a strong sell rating in a research note on Tuesday, June 11th. Finally, Cantor Fitzgerald reaffirmed a buy rating and set a $71.00 target price on shares of ExlService in a research note on Monday, May 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $67.20.

Shares of NASDAQ EXLS opened at $65.73 on Wednesday. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 2.61 and a beta of 1.08. The business has a fifty day moving average of $63.03. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.40 and a current ratio of 3.40. ExlService has a one year low of $44.29 and a one year high of $67.68.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.54 by $0.17. The company had revenue of $239.57 million during the quarter, compared to analyst estimates of $238.88 million. ExlService had a net margin of 5.27% and a return on equity of 13.63%. The firm’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 EPS. As a group, research analysts predict that ExlService will post 2.3 EPS for the current fiscal year.

In other ExlService news, CFO Vishal Chhibbar sold 25,698 shares of ExlService stock in a transaction on Monday, April 15th. The shares were sold at an average price of $60.41, for a total transaction of $1,552,416.18. Following the sale, the chief financial officer now owns 30,747 shares of the company’s stock, valued at approximately $1,857,426.27. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Nagaraja Srivatsan sold 1,000 shares of ExlService stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $61.00, for a total transaction of $61,000.00. Following the sale, the vice president now directly owns 1,958 shares in the company, valued at approximately $119,438. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,006 shares of company stock worth $2,484,355. 3.60% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its position in ExlService by 0.3% during the fourth quarter. BlackRock Inc. now owns 4,904,881 shares of the business services provider’s stock valued at $258,094,000 after acquiring an additional 13,406 shares during the last quarter. Texas Permanent School Fund boosted its position in shares of ExlService by 3.8% during the 4th quarter. Texas Permanent School Fund now owns 22,417 shares of the business services provider’s stock worth $1,180,000 after purchasing an additional 827 shares in the last quarter. Advisor Group Inc. boosted its position in shares of ExlService by 6.5% during the 4th quarter. Advisor Group Inc. now owns 7,504 shares of the business services provider’s stock worth $394,000 after purchasing an additional 460 shares in the last quarter. Citigroup Inc. boosted its position in shares of ExlService by 2.3% during the 4th quarter. Citigroup Inc. now owns 21,935 shares of the business services provider’s stock worth $1,153,000 after purchasing an additional 489 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of ExlService by 6.9% during the 4th quarter. Great West Life Assurance Co. Can now owns 45,936 shares of the business services provider’s stock worth $2,230,000 after purchasing an additional 2,957 shares in the last quarter. 92.11% of the stock is currently owned by institutional investors.

ExlService Company Profile

ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.

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