ExlService (EXLS) Cut to Sell at Zacks Investment Research

Zacks Investment Research cut shares of ExlService (NASDAQ:EXLS) from a hold rating to a sell rating in a report released 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. “

EXLS has been the topic of a number of other reports. BidaskClub upgraded shares of ExlService from a sell rating to a hold rating in a research note on Tuesday, March 13th. Robert W. Baird reiterated a buy rating and set a $65.00 price objective on shares of ExlService in a research note on Tuesday, February 27th. ValuEngine downgraded shares of ExlService from a buy rating to a hold rating in a research note on Monday, April 2nd. Cowen downgraded shares of ExlService from an outperform rating to a market perform rating in a research note on Thursday, March 1st. Finally, Cantor Fitzgerald reiterated a buy rating and set a $71.00 price objective on shares of ExlService in a research note on Monday, February 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $62.64.

NASDAQ EXLS opened at $59.25 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.15 and a current ratio of 4.15. ExlService has a 52-week low of $51.89 and a 52-week high of $64.34. The company has a market cap of $2.03 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 2.01 and a beta of 1.16.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Tuesday, May 1st. The business services provider reported $0.64 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.64. ExlService had a net margin of 7.03% and a return on equity of 15.05%. The firm had revenue of $206.97 million for the quarter, compared to the consensus estimate of $203.78 million. During the same period last year, the firm earned $0.60 earnings per share. The company’s quarterly revenue was up 13.1% on a year-over-year basis. equities analysts predict that ExlService will post 2.26 earnings per share for the current year.

In other ExlService news, CEO Rohit Kapoor sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of $59.95, for a total value of $71,940.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nancy Saltzman sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $57.13, for a total transaction of $114,260.00. Following the completion of the sale, the executive vice president now owns 10,585 shares of the company’s stock, valued at $604,721.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,380 shares of company stock valued at $197,005. 4.40% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the company. LS Investment Advisors LLC lifted its stake in shares of ExlService by 110.6% during the fourth quarter. LS Investment Advisors LLC now owns 2,414 shares of the business services provider’s stock worth $146,000 after buying an additional 1,268 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of ExlService by 13.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 181,289 shares of the business services provider’s stock worth $10,941,000 after buying an additional 20,880 shares during the period. Capital Fund Management S.A. lifted its stake in shares of ExlService by 46.7% during the fourth quarter. Capital Fund Management S.A. now owns 6,600 shares of the business services provider’s stock worth $398,000 after buying an additional 2,100 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of ExlService during the fourth quarter worth $698,000. Finally, Bank of Montreal Can lifted its stake in shares of ExlService by 71.0% during the fourth quarter. Bank of Montreal Can now owns 7,898 shares of the business services provider’s stock worth $477,000 after buying an additional 3,278 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

About ExlService

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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