BidaskClub Downgrades ExlService (EXLS) to Sell
ExlService (NASDAQ:EXLS) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.
Several other brokerages also recently issued reports on EXLS. Barrington Research boosted their price objective on ExlService from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Citigroup boosted their price objective on ExlService from $59.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Stifel Nicolaus reiterated a “buy” rating and set a $67.00 price objective on shares of ExlService in a research report on Thursday, October 26th. Cantor Fitzgerald reiterated a “buy” rating and set a $64.00 price objective on shares of ExlService in a research report on Thursday, October 26th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $68.00 price objective (up from $60.00) on shares of ExlService in a research report on Sunday, October 29th. Three investment 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 presently has a consensus rating of “Hold” and a consensus price target of $62.33.
ExlService (EXLS) opened at $60.44 on Thursday. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $2,045.40, a P/E ratio of 28.64, a PEG ratio of 1.90 and a beta of 1.26. ExlService has a 52-week low of $44.25 and a 52-week high of $63.35.
ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.03. The business had revenue of $192.30 million during the quarter, compared to the consensus estimate of $191.20 million. ExlService had a return on equity of 14.81% and a net margin of 9.94%. The business’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 earnings per share. research analysts anticipate that ExlService will post 2.12 EPS for the current year.
In other ExlService news, EVP Nalin Kumar Miglani sold 3,526 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $60.37, for a total value of $212,864.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David B. Kelso sold 7,329 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $60.72, for a total value of $445,016.88. Following the completion of the transaction, the director now directly owns 4,629 shares in the company, valued at approximately $281,072.88. The disclosure for this sale can be found here. Insiders sold 138,289 shares of company stock valued at $8,397,670 over the last 90 days. 5.80% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. 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 buying an additional 864 shares in the last quarter. ETRADE Capital Management LLC bought a new position in shares of ExlService in the third quarter valued at $216,000. Sei Investments Co. increased its holdings 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 bought a new position in shares of ExlService in the second quarter valued at $234,000. Finally, Sawgrass Asset Management LLC bought a new position in shares of ExlService in the third quarter valued at $255,000. 92.13% of the stock is currently 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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