ExlService Holdings, Inc. (NASDAQ:EXLS)’s stock price hit a new 52-week low during mid-day trading on Tuesday after Robert W. Baird lowered their price target on the stock from $80.00 to $62.00. Robert W. Baird currently has a neutral rating on the stock. ExlService traded as low as $40.63 and last traded at $41.62, with a volume of 12770 shares trading hands. The stock had previously closed at $42.91.

A number of other research analysts have also weighed in on the company. JPMorgan Chase & Co. raised their price objective on ExlService from $76.00 to $78.00 and gave the company a “neutral” rating in a report on Friday, February 28th. Barrington Research raised their price objective on ExlService from $80.00 to $87.00 and gave the company an “outperform” rating in a report on Friday, February 28th. Cantor Fitzgerald raised their price objective on ExlService from $78.00 to $84.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Wells Fargo & Co lowered ExlService from an “equal weight” rating to an “underweight” rating and set a $72.00 price objective on the stock. in a report on Thursday, January 9th. Finally, Needham & Company LLC decreased their price objective on ExlService from $86.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, March 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $75.13.

In other ExlService news, Director Garen K. Staglin sold 821 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $70.10, for a total value of $57,552.10. Following the completion of the sale, the director now directly owns 19,670 shares of the company’s stock, valued at approximately $1,378,867. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Vivek Jetley sold 2,000 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $71.80, for a total value of $143,600.00. Following the completion of the sale, the executive vice president now directly owns 35,633 shares of the company’s stock, valued at $2,558,449.40. The disclosure for this sale can be found here. Insiders sold a total of 27,165 shares of company stock valued at $1,966,619 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the business. Macquarie Group Ltd. increased its stake in shares of ExlService by 4.4% in the 4th quarter. Macquarie Group Ltd. now owns 1,159,251 shares of the business services provider’s stock worth $80,522,000 after acquiring an additional 49,298 shares during the last quarter. Nuveen Asset Management LLC increased its stake in shares of ExlService by 0.8% in the 4th quarter. Nuveen Asset Management LLC now owns 265,658 shares of the business services provider’s stock worth $18,453,000 after acquiring an additional 2,201 shares during the last quarter. Norges Bank acquired a new stake in shares of ExlService in the 4th quarter worth $26,984,000. Geode Capital Management LLC increased its stake in shares of ExlService by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 470,943 shares of the business services provider’s stock worth $32,711,000 after acquiring an additional 24,945 shares during the last quarter. Finally, Mason Street Advisors LLC increased its stake in shares of ExlService by 2.3% in the 4th quarter. Mason Street Advisors LLC now owns 11,876 shares of the business services provider’s stock worth $825,000 after acquiring an additional 272 shares during the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 23.00, a P/E/G ratio of 1.26 and a beta of 0.85. The business has a 50 day simple moving average of $67.90 and a 200-day simple moving average of $68.76. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.36 and a current ratio of 2.36.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Thursday, February 27th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. The firm had revenue of $256.90 million during the quarter, compared to the consensus estimate of $255.11 million. ExlService had a return on equity of 13.68% and a net margin of 6.82%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned $0.74 EPS. Equities analysts predict that ExlService Holdings, Inc. will post 2.83 earnings per share for the current fiscal year.

About ExlService (NASDAQ:EXLS)

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.

Further Reading: Dividend Reinvestment Plan (DRIP)

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