Zacks Investment Research lowered shares of ExlService (NASDAQ:EXLS) from a hold rating to a sell rating in a report published on Tuesday 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. “
Several other equities analysts have also recently commented on EXLS. ValuEngine raised ExlService from a hold rating to a buy rating in a report on Wednesday, July 11th. Barrington Research set a $70.00 price target on ExlService and gave the company a buy rating in a report on Friday, July 13th. BidaskClub cut ExlService from a buy rating to a hold rating in a report on Thursday, July 26th. Finally, Cantor Fitzgerald reaffirmed a buy rating and issued a $71.00 price target on shares of ExlService in a report on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $65.20.
ExlService stock traded up $0.12 during trading hours on Tuesday, hitting $58.44. The stock had a trading volume of 139,777 shares, compared to its average volume of 185,344. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.50. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 2.03 and a beta of 1.23. ExlService has a fifty-two week low of $52.52 and a fifty-two week high of $67.06.
ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Thursday, November 1st. The business services provider reported $0.71 EPS for the quarter, meeting the consensus estimate of $0.71. The firm had revenue of $231.12 million during the quarter, compared to analysts’ expectations of $231.49 million. ExlService had a return on equity of 13.96% and a net margin of 5.14%. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 EPS. On average, analysts expect that ExlService will post 2.23 earnings per share for the current fiscal year.
In other news, CFO Vishal Chhibbar sold 2,761 shares of the company’s stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $63.00, for a total value of $173,943.00. Following the sale, the chief financial officer now directly owns 8,600 shares in the company, valued at approximately $541,800. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Rohit Kapoor sold 40,780 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $63.85, for a total value of $2,603,803.00. Following the completion of the sale, the chief executive officer now owns 280,477 shares in the company, valued at $17,908,456.45. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,233 shares of company stock worth $6,727,414. Corporate insiders own 4.40% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of ExlService by 12.6% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,192 shares of the business services provider’s stock valued at $542,000 after purchasing an additional 916 shares during the period. PNC Financial Services Group Inc. grew its position in ExlService by 2.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 40,182 shares of the business services provider’s stock worth $2,662,000 after acquiring an additional 977 shares during the last quarter. California Public Employees Retirement System grew its position in ExlService by 1.7% during the 2nd quarter. California Public Employees Retirement System now owns 63,214 shares of the business services provider’s stock worth $3,579,000 after acquiring an additional 1,032 shares during the last quarter. Alps Advisors Inc. grew its position in ExlService by 11.4% during the 2nd quarter. Alps Advisors Inc. now owns 10,646 shares of the business services provider’s stock worth $603,000 after acquiring an additional 1,089 shares during the last quarter. Finally, MetLife Investment Advisors LLC grew its position in ExlService by 8.1% during the 2nd quarter. MetLife Investment Advisors LLC now owns 15,305 shares of the business services provider’s stock worth $866,000 after acquiring an additional 1,142 shares during the last quarter. Institutional investors own 91.63% of the company’s stock.
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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