ExlService (EXLS) Downgraded by BidaskClub to “Sell”

BidaskClub cut shares of ExlService (NASDAQ:EXLS) from a hold rating to a sell rating in a research report report published on Thursday.

A number of other analysts have also recently commented on the company. Zacks Investment Research cut ExlService from a buy rating to a hold rating in a research report on Wednesday, March 7th. Cantor Fitzgerald reissued a buy rating and issued a $71.00 price target on shares of ExlService in a research report on Monday, February 19th. Finally, Barrington Research reissued an outperform rating and issued a $70.00 price target (down from $72.00) on shares of ExlService in a research report on Monday, February 26th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $62.50.

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ExlService stock traded down $0.46 during trading hours on Thursday, hitting $56.26. 33,182 shares of the stock traded hands, compared to its average volume of 137,292. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.14 and a current ratio of 3.14. The stock has a market cap of $1,892.87, a price-to-earnings ratio of 22.14, a PEG ratio of 1.58 and a beta of 1.13. ExlService has a one year low of $45.59 and a one year high of $64.34.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Tuesday, February 27th. The business services provider reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.02. ExlService had a return on equity of 15.09% and a net margin of 6.41%. The business had revenue of $197.88 million for the quarter, compared to analysts’ expectations of $194.86 million. During the same period in the previous year, the firm posted $0.61 EPS. The business’s revenue was up 11.6% on a year-over-year basis. analysts predict that ExlService will post 2.29 earnings per share for the current year.

In other ExlService news, EVP Villa Rembert De sold 3,428 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $60.01, for a total transaction of $205,714.28. Following the completion of the sale, the executive vice president now directly owns 9,335 shares in the company, valued at approximately $560,193.35. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Vishal Chhibbar sold 3,000 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $63.90, for a total transaction of $191,700.00. Following the sale, the chief financial officer now owns 3,000 shares of the company’s stock, valued at $191,700. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,014 shares of company stock valued at $1,205,033. 5.80% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in EXLS. LS Investment Advisors LLC grew its position in shares of ExlService by 110.6% during the 4th quarter. LS Investment Advisors LLC now owns 2,414 shares of the business services provider’s stock valued at $146,000 after acquiring an additional 1,268 shares during the period. We Are One Seven LLC bought a new stake in shares of ExlService during the 4th quarter valued at $191,000. Allianz Asset Management GmbH bought a new stake in shares of ExlService during the 4th quarter valued at $204,000. Dean Capital Investments Management LLC bought a new stake in shares of ExlService during the 4th quarter valued at $206,000. Finally, Polen Capital Management LLC bought a new stake in shares of ExlService during the 4th quarter valued at $221,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

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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.

Analyst Recommendations for ExlService (NASDAQ:EXLS)

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