Zacks Investment Research upgraded shares of ExlService (NASDAQ:EXLS) from a sell rating to a hold rating in a research report released on Thursday, Zacks.com reports.

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. “

Several other equities analysts have also commented on the stock. Citigroup lowered shares of Lear from a buy rating to a neutral rating and lowered their price objective for the company from $188.00 to $144.00 in a research report on Wednesday, July 17th. BidaskClub lowered shares of Xencor from a sell rating to a strong sell rating in a research report on Tuesday, June 11th. Cantor Fitzgerald reiterated a buy rating and set a $71.00 price objective on shares of ExlService in a research report on Monday, May 6th. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a hold rating to a buy rating in a research report on Tuesday, April 30th. Finally, Barrington Research reiterated a buy rating on shares of ExlService in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. ExlService currently has an average rating of Hold and an average target price of $66.80.

EXLS stock opened at $63.66 on Thursday. ExlService has a 52 week low of $44.29 and a 52 week high of $67.68. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.48. The company’s fifty day simple moving average is $63.75. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 27.56, a P/E/G ratio of 2.53 and a beta of 1.08.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Tuesday, April 30th. The business services provider reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.17. ExlService had a net margin of 5.27% and a return on equity of 13.63%. The business had revenue of $239.57 million during the quarter, compared to analyst estimates of $238.88 million. During the same quarter last year, the business earned $0.65 earnings per share. ExlService’s quarterly revenue was up 15.8% compared to the same quarter last year. Research analysts anticipate that ExlService will post 2.3 EPS for the current fiscal year.

In other news, SVP Ajay Ayyappan sold 1,892 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $63.50, for a total value of $120,142.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Vikas Bhalla sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $66.35, for a total transaction of $663,500.00. Following the completion of the sale, the executive vice president now owns 920 shares of the company’s stock, valued at approximately $61,042. The disclosure for this sale can be found here. Insiders sold a total of 13,308 shares of company stock valued at $870,938 in the last 90 days. Company insiders own 3.60% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its position in ExlService by 6.5% during the fourth quarter. Advisor Group Inc. now owns 7,504 shares of the business services provider’s stock valued at $394,000 after purchasing an additional 460 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in ExlService by 6.9% during the fourth quarter. Great West Life Assurance Co. Can now owns 45,936 shares of the business services provider’s stock valued at $2,230,000 after purchasing an additional 2,957 shares during the last quarter. Hsbc Holdings PLC lifted its position in ExlService by 8.3% during the fourth quarter. Hsbc Holdings PLC now owns 14,236 shares of the business services provider’s stock valued at $749,000 after purchasing an additional 1,095 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in ExlService by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,204,762 shares of the business services provider’s stock valued at $63,394,000 after purchasing an additional 10,567 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in ExlService by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 379,825 shares of the business services provider’s stock valued at $19,986,000 after purchasing an additional 23,627 shares during the last quarter. Hedge funds and other institutional investors own 91.88% of the company’s stock.

ExlService Company Profile

ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.

See Also: Net Income

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Analyst Recommendations for ExlService (NASDAQ:EXLS)

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