ExlService (EXLS) Downgraded by BidaskClub

ExlService (NASDAQ:EXLS) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Saturday.

Several other brokerages have also recently weighed in on EXLS. Barrington Research reiterated a “buy” rating and set a $70.00 price target on shares of ExlService in a research report on Tuesday, September 25th. ValuEngine upgraded ExlService from a “hold” rating to a “buy” rating in a research report on Saturday, September 1st. Zacks Investment Research cut ExlService from a “buy” rating to a “hold” rating in a research report on Monday, July 23rd. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $71.00 price target on shares of ExlService in a research report on Thursday, August 2nd. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $65.25.

Shares of ExlService stock opened at $59.80 on Friday. ExlService has a 52-week low of $52.52 and a 52-week high of $67.06. The stock has a market capitalization of $2.27 billion, a P/E ratio of 23.73, a PEG ratio of 2.29 and a beta of 1.28. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 0.10.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Thursday, August 2nd. The business services provider reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.14. ExlService had a return on equity of 14.25% and a net margin of 6.11%. The firm had revenue of $210.11 million for the quarter, compared to analysts’ expectations of $209.30 million. During the same period in the prior year, the business posted $0.70 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts forecast that ExlService will post 2.22 EPS for the current year.

In other news, CEO Rohit Kapoor sold 2,118 shares of the business’s stock in a transaction dated Friday, July 20th. The stock was sold at an average price of $62.50, for a total transaction of $132,375.00. Following the completion of the transaction, the chief executive officer now owns 362,759 shares of the company’s stock, valued at $22,672,437.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Garen K. Staglin sold 5,631 shares of the business’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $64.18, for a total value of $361,397.58. Following the transaction, the director now directly owns 24,477 shares of the company’s stock, valued at approximately $1,570,933.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,790 shares of company stock worth $7,137,226. Company insiders own 4.40% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of EXLS. Bank of Montreal Can purchased a new position in shares of ExlService during the second quarter worth about $286,000. Measured Wealth Private Client Group LLC purchased a new position in shares of ExlService during the second quarter worth about $301,000. Atria Investments LLC purchased a new position in shares of ExlService during the second quarter worth about $322,000. We Are One Seven LLC purchased a new position in shares of ExlService during the third quarter worth about $351,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of ExlService during the second quarter worth about $412,000. 91.44% of the stock is 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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