Zacks Investment Research downgraded shares of ExlService (NASDAQ:EXLS) from a hold rating to a sell rating in a report published 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. “
Other equities analysts have also issued research reports about the company. Stifel Nicolaus reissued a buy rating and issued a $67.00 target price on shares of ExlService in a report on Thursday, October 26th. Cantor Fitzgerald reissued a buy rating and issued a $64.00 target price on shares of ExlService in a report on Thursday, October 26th. Cowen reissued a buy rating and issued a $54.00 target price on shares of ExlService in a report on Thursday, October 12th. Robert W. Baird reissued a buy rating and issued a $62.00 target price on shares of ExlService in a report on Friday, September 8th. Finally, Needham & Company LLC reaffirmed a buy rating and set a $68.00 price objective (up previously from $60.00) on shares of ExlService in a report on Sunday, October 29th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $62.33.
ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. ExlService had a return on equity of 14.81% and a net margin of 9.94%. The business had revenue of $192.30 million for the quarter, compared to analyst estimates of $191.20 million. During the same quarter in the prior year, the company earned $0.61 earnings per share. The company’s revenue was up 12.3% on a year-over-year basis. equities analysts predict that ExlService will post 2.12 earnings per share for the current fiscal year.
In other ExlService news, EVP Nalin Kumar Miglani sold 3,526 shares of ExlService stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $60.37, for a total value of $212,864.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rohit Kapoor sold 931 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $62.50, for a total transaction of $58,187.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,340 shares of company stock valued at $3,427,555. Insiders own 5.80% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of Montreal Can grew its stake in shares of ExlService by 0.7% during the 2nd quarter. Bank of Montreal Can now owns 4,478 shares of the business services provider’s stock valued at $249,000 after buying an additional 31 shares during the period. Pinebridge Investments L.P. grew its stake in shares of ExlService by 1.5% during the 2nd quarter. Pinebridge Investments L.P. now owns 4,437 shares of the business services provider’s stock valued at $246,000 after buying an additional 67 shares during the period. 1st Global Advisors Inc. grew its stake in shares of ExlService by 1.1% during the 2nd quarter. 1st Global Advisors Inc. now owns 9,138 shares of the business services provider’s stock valued at $508,000 after buying an additional 100 shares during the period. Arizona State Retirement System grew its stake in shares of ExlService by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 17,592 shares of the business services provider’s stock valued at $978,000 after buying an additional 100 shares during the period. Finally, Amalgamated Bank grew its stake in shares of ExlService by 5.2% during the 2nd quarter. Amalgamated Bank now owns 4,539 shares of the business services provider’s stock valued at $252,000 after buying an additional 225 shares during the period. 92.13% of the stock is owned by institutional investors.
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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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