BidaskClub Lowers ExlService (EXLS) to Hold

ExlService (NASDAQ:EXLS) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Other equities analysts also recently issued reports about the company. ValuEngine raised ExlService from a “hold” rating to a “buy” rating in a report on Wednesday, July 11th. Zacks Investment Research downgraded ExlService from a “buy” rating to a “hold” rating in a report on Monday, July 23rd. Barrington Research set a $70.00 price target on ExlService and gave the company a “buy” rating in a report on Friday, July 13th. 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. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. ExlService has a consensus rating of “Buy” and an average target price of $65.20.

Shares of EXLS opened at $57.29 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.28 and a quick ratio of 3.28. The company has a market capitalization of $2.01 billion, a P/E ratio of 22.73, a price-to-earnings-growth ratio of 2.04 and a beta of 1.23. ExlService has a 52-week low of $52.52 and a 52-week high of $67.06.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Thursday, November 1st. The business services provider reported $0.71 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.71. The firm had revenue of $231.12 million during the quarter, compared to the consensus estimate of $231.49 million. ExlService had a return on equity of 13.96% and a net margin of 5.14%. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 earnings per share. On average, sell-side analysts predict that ExlService will post 2.22 EPS for the current fiscal year.

In other news, CFO Vishal Chhibbar sold 2,761 shares of the 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 completion of the sale, the chief financial officer now directly owns 8,600 shares of the company’s stock, valued at $541,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rohit Kapoor sold 40,780 shares of the 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 directly owns 280,477 shares of the company’s stock, valued at $17,908,456.45. The disclosure for this sale can be found here. Insiders sold 104,233 shares of company stock valued at $6,727,414 over the last three months. Corporate insiders own 4.40% of the company’s stock.

Several hedge funds have recently bought and sold shares of EXLS. Fenimore Asset Management Inc. acquired a new stake in shares of ExlService in the second quarter valued at approximately $10,477,000. Atria Investments LLC acquired a new stake in shares of ExlService in the second quarter valued at approximately $322,000. Bank of Montreal Can acquired a new stake in shares of ExlService in the second quarter valued at approximately $286,000. Acadian Asset Management LLC acquired a new stake in shares of ExlService in the second quarter valued at approximately $472,000. Finally, Tributary Capital Management LLC boosted its holdings in shares of ExlService by 9.5% in the second quarter. Tributary Capital Management LLC now owns 350,982 shares of the business services provider’s stock valued at $19,869,000 after acquiring an additional 30,329 shares during the period. 91.63% of the stock is owned by institutional investors and hedge funds.

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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