ExlService (EXLS) Rating Lowered 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 sent to investors 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 reiterated a hold rating and issued a $60.00 price objective on shares of ExlService in a research note on Monday, October 9th. Cowen reiterated a buy rating and issued a $54.00 price objective on shares of ExlService in a research note on Thursday, October 12th. Robert W. Baird lifted their price objective on ExlService from $62.00 to $66.00 and gave the company an outperform rating in a research note on Thursday, October 12th. ValuEngine cut ExlService from a buy rating to a hold rating in a research note on Friday, December 1st. Finally, BidaskClub cut ExlService from a buy rating to a hold rating in a research note on Saturday, December 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $62.42.

ExlService (EXLS) opened at $62.04 on Wednesday. ExlService has a twelve month low of $44.25 and a twelve month high of $63.35. The company has a market capitalization of $2,110.00, a PE ratio of 29.40, a P/E/G ratio of 1.93 and a beta of 1.26. 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 data 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 business had revenue of $192.30 million during the quarter, compared to analysts’ expectations of $191.20 million. ExlService had a return on equity of 14.81% and a net margin of 9.94%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 EPS. equities analysts anticipate that ExlService will post 2.12 earnings per share for the current fiscal year.

In other news, CEO Rohit Kapoor sold 16,206 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $62.56, for a total value of $1,013,847.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Nalin Kumar Miglani sold 3,526 shares of the business’s 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 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. Corporate insiders own 5.80% of the company’s stock.

Several large investors have recently added to or reduced their stakes in EXLS. Riverhead Capital Management LLC increased its holdings 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 purchasing an additional 864 shares during the period. ETRADE Capital Management LLC acquired a new position in ExlService during the third quarter worth $216,000. Sei Investments Co. grew its holdings 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 acquiring an additional 2,000 shares during the period. GSA Capital Partners LLP acquired a new position in ExlService during the second quarter worth $234,000. Finally, Pinebridge Investments L.P. grew its holdings in ExlService by 1.5% during the second quarter. Pinebridge Investments L.P. now owns 4,437 shares of the business services provider’s stock worth $246,000 after acquiring an additional 67 shares during the period. 92.13% of the stock is currently owned by institutional investors and hedge funds.

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About ExlService

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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