ExlService (EXLS) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of ExlService (NASDAQ:EXLS) from a hold rating to a sell rating in a research report released on Wednesday, December 27th.

According to Zacks, “EXLSERVICE HOLDINGS,INC., is a leading provider of offshore Business Process Outsourcing solutions to the Global 1000. EXL is an organization that strives to build lasting relationships with its clients based on consistent high-quality service delivery, trust, and confidence that is unparalleled in the BPO industry today. EXL specializes in providing BPO services to the Banking, Financial Services, Insurance, and Utilities industry verticals. “

EXLS has been the subject of several other research reports. SunTrust Banks restated a hold rating and issued a $60.00 price objective on shares of ExlService in a research report on Monday, October 9th. Cowen reiterated a buy rating and set a $54.00 price target on shares of ExlService in a research report on Thursday, October 12th. Robert W. Baird lifted their price target on shares of ExlService from $62.00 to $66.00 and gave the stock an outperform rating in a research report on Thursday, October 12th. ValuEngine cut shares of ExlService from a buy rating to a hold rating in a research report on Friday, December 1st. Finally, BidaskClub cut shares of ExlService from a buy rating to a hold rating in a research report on Saturday, December 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. ExlService presently has an average rating of Hold and an average target price of $62.42.

ExlService (EXLS) opened at $62.15 on Wednesday. The company has a market cap of $2,110.00, a PE ratio of 29.45, a PEG ratio of 1.93 and a beta of 1.26. ExlService has a 1-year low of $44.25 and a 1-year high of $63.35. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.08.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.03. The firm had revenue of $192.30 million during the quarter, compared to the consensus estimate of $191.20 million. ExlService had a net margin of 9.94% and a return on equity of 14.81%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the firm posted $0.61 EPS. research analysts anticipate that ExlService will post 2.12 earnings per share for the current fiscal year.

In other ExlService news, CEO Rohit Kapoor sold 931 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $62.50, for a total value of $58,187.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David B. Kelso sold 7,329 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $60.72, for a total transaction of $445,016.88. Following the completion of the transaction, the director now owns 4,629 shares in the company, valued at $281,072.88. The disclosure for this sale can be found here. In the last three months, insiders sold 55,340 shares of company stock worth $3,427,555. 5.80% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC grew its stake in shares of ExlService by 61.7% in the second quarter. Riverhead Capital Management LLC now owns 2,264 shares of the business services provider’s stock valued at $126,000 after acquiring an additional 864 shares in the last quarter. ETRADE Capital Management LLC acquired a new position in shares of ExlService in the third quarter valued at about $216,000. Sei Investments Co. lifted its position in ExlService by 105.3% during the second quarter. Sei Investments Co. now owns 3,899 shares of the business services provider’s stock worth $217,000 after purchasing an additional 2,000 shares during the period. GSA Capital Partners LLP bought a new stake in ExlService during the second quarter worth about $234,000. Finally, Sawgrass Asset Management LLC bought a new stake in ExlService during the third quarter worth about $255,000. Institutional investors and hedge funds own 92.13% of the company’s stock.

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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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