ExlService (NASDAQ:EXLS) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a report released on Tuesday.
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. “
Other equities analysts also recently issued reports about the stock. BidaskClub raised shares of ExlService from a “sell” rating to a “hold” rating in a report on Tuesday. William Blair reissued an “outperform” rating on shares of ExlService in a report on Tuesday, February 27th. Barrington Research cut their price target on shares of ExlService from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday, February 28th. ValuEngine raised shares of ExlService from a “hold” rating to a “buy” rating in a report on Thursday, March 8th. Finally, Cowen downgraded shares of ExlService from an “outperform” rating to a “market perform” rating in a report on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $62.50.
ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Tuesday, February 27th. The business services provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. ExlService had a net margin of 6.41% and a return on equity of 15.09%. The company had revenue of $197.88 million during the quarter, compared to the consensus estimate of $194.86 million. During the same period last year, the firm earned $0.61 EPS. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. equities research analysts predict that ExlService will post 2.26 earnings per share for the current fiscal year.
In other ExlService news, EVP Nalin Kumar Miglani sold 5,157 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $58.14, for a total value of $299,827.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vishal Chhibbar sold 3,000 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $63.90, for a total transaction of $191,700.00. Following the completion of the sale, the chief financial officer now owns 3,000 shares of the company’s stock, valued at approximately $191,700. The disclosure for this sale can be found here. Insiders sold a total of 17,014 shares of company stock valued at $1,026,173 in the last 90 days. Corporate insiders own 5.80% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. California Public Employees Retirement System increased its position in ExlService by 5.9% in the 3rd quarter. California Public Employees Retirement System now owns 55,718 shares of the business services provider’s stock valued at $3,249,000 after acquiring an additional 3,118 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of ExlService by 10.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 132,500 shares of the business services provider’s stock worth $7,692,000 after buying an additional 12,586 shares during the period. Neumeier Poma Investment Counsel LLC grew its position in shares of ExlService by 100.4% during the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 400,475 shares of the business services provider’s stock worth $23,356,000 after buying an additional 200,625 shares during the period. GSA Capital Partners LLP grew its position in shares of ExlService by 116.2% during the 3rd quarter. GSA Capital Partners LLP now owns 9,123 shares of the business services provider’s stock worth $532,000 after buying an additional 4,904 shares during the period. Finally, Alps Advisors Inc. acquired a new stake in shares of ExlService during the 3rd quarter worth approximately $483,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ExlService Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExlService and related companies with MarketBeat.com's FREE daily email newsletter.