ExlService (EXLS) Lowered to “Sell” at BidaskClub

BidaskClub cut shares of ExlService (NASDAQ:EXLS) from a hold rating to a sell rating in a report released on Thursday morning.

A number of other analysts have also weighed in on EXLS. Barrington Research upped their target price on shares of ExlService from $65.00 to $72.00 and gave the stock an outperform rating in a research note on Friday, October 27th. Robert W. Baird restated a buy rating and set a $62.00 target price on shares of ExlService in a research note on Friday, September 8th. ValuEngine lowered shares of ExlService from a buy rating to a hold rating in a research note on Friday, December 1st. Zacks Investment Research lowered shares of ExlService from a buy rating to a hold rating in a research note on Thursday, November 9th. Finally, Needham & Company LLC reiterated a buy rating and issued a $68.00 price target (up from $60.00) on shares of ExlService in a research note on Sunday, October 29th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $62.33.

Shares of ExlService (NASDAQ:EXLS) traded up $0.23 during midday trading on Thursday, reaching $61.30. 75,996 shares of the company’s stock traded hands, compared to its average volume of 114,387. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.81 and a current ratio of 3.81. ExlService has a twelve month low of $44.25 and a twelve month high of $63.35. The firm has a market cap of $2,080.71, a PE ratio of 25.54, a price-to-earnings-growth ratio of 1.93 and a beta of 1.26.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.65 by $0.03. ExlService had a net margin of 9.94% and a return on equity of 14.81%. The business had revenue of $192.30 million during the quarter, compared to analysts’ expectations of $191.20 million. During the same period in the previous year, the business posted $0.61 EPS. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. sell-side analysts forecast that ExlService will post 2.12 earnings per share for the current fiscal year.

In other ExlService news, CEO Rohit Kapoor sold 931 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $62.50, for a total value of $58,187.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Clyde W. Ostler sold 6,916 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $62.10, for a total value of $429,483.60. Following the completion of the transaction, the director now owns 6,916 shares of the company’s stock, valued at approximately $429,483.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 136,270 shares of company stock valued at $8,277,742. Corporate insiders own 5.80% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Riverhead Capital Management LLC increased its position 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 buying an additional 864 shares in the last quarter. ETRADE Capital Management LLC purchased a new position in shares of ExlService in the third quarter valued at $216,000. Sei Investments Co. increased its position in shares of ExlService by 105.3% in the second quarter. Sei Investments Co. now owns 3,899 shares of the business services provider’s stock valued at $217,000 after buying an additional 2,000 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of ExlService in the second quarter valued at $234,000. Finally, Pinebridge Investments L.P. increased its position in shares of ExlService by 1.5% in the second 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 in the last quarter. Institutional investors and hedge funds own 92.13% of the company’s stock.

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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.

Analyst Recommendations for ExlService (NASDAQ:EXLS)

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