Zacks Investment Research cut shares of ExlService Holdings, Inc. (NASDAQ:EXLS) from a buy rating to a hold rating in a report published on Thursday morning.

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. “

Several other equities research analysts also recently issued reports on the company. Needham & Company LLC reaffirmed a buy rating and set a $68.00 price target (up previously from $60.00) on shares of ExlService Holdings in a report on Sunday, October 29th. Barrington Research raised their price target on ExlService Holdings from $65.00 to $72.00 and gave the company an outperform rating in a report on Friday, October 27th. Citigroup Inc. raised their price target on ExlService Holdings from $59.00 to $61.00 and gave the company a neutral rating in a report on Friday, October 27th. Stifel Nicolaus reaffirmed a buy rating and set a $67.00 price target on shares of ExlService Holdings in a report on Thursday, October 26th. Finally, Cantor Fitzgerald reaffirmed a buy rating and set a $64.00 price target on shares of ExlService Holdings in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $62.33.

Shares of ExlService Holdings (NASDAQ:EXLS) traded down $0.33 during trading on Thursday, reaching $61.30. The company’s stock had a trading volume of 93,400 shares, compared to its average volume of 158,525. ExlService Holdings has a fifty-two week low of $42.96 and a fifty-two week high of $62.92. The firm has a market cap of $2,080.71, a P/E ratio of 25.54, a price-to-earnings-growth ratio of 2.12 and a beta of 1.30. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.08.

ExlService Holdings (NASDAQ:EXLS) last announced its quarterly earnings results 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. ExlService Holdings had a return on equity of 14.81% and a net margin of 9.94%. The business had revenue of $192.30 million during the quarter, compared to the consensus estimate of $191.20 million. During the same quarter last year, the firm posted $0.61 EPS. The company’s quarterly revenue was up 12.3% on a year-over-year basis. sell-side analysts expect that ExlService Holdings will post 2.12 EPS for the current year.

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In other ExlService Holdings news, CEO Rohit Kapoor sold 14,220 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $55.63, for a total transaction of $791,058.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Villa Rembert De sold 900 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $56.01, for a total value of $50,409.00. Following the transaction, the executive vice president now owns 10,697 shares in the company, valued at approximately $599,138.97. The disclosure for this sale can be found here. Insiders have sold a total of 383,158 shares of company stock worth $22,369,537 in the last quarter. Company insiders own 5.80% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of Montreal Can increased its position in shares of ExlService Holdings by 0.7% in the second quarter. Bank of Montreal Can now owns 4,478 shares of the business services provider’s stock worth $249,000 after purchasing an additional 31 shares during the period. Atria Investments LLC increased its position in shares of ExlService Holdings by 1.1% in the second quarter. Atria Investments LLC now owns 5,055 shares of the business services provider’s stock worth $281,000 after purchasing an additional 56 shares during the period. Pinebridge Investments L.P. increased its position in shares of ExlService Holdings by 1.5% in the second quarter. Pinebridge Investments L.P. now owns 4,437 shares of the business services provider’s stock worth $246,000 after purchasing an additional 67 shares during the period. Louisiana State Employees Retirement System increased its position in shares of ExlService Holdings by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the business services provider’s stock worth $761,000 after purchasing an additional 100 shares during the period. Finally, Arizona State Retirement System increased its position in shares of ExlService Holdings by 0.6% in the second quarter. Arizona State Retirement System now owns 17,592 shares of the business services provider’s stock worth $978,000 after purchasing an additional 100 shares during the period. Institutional investors own 93.91% of the company’s stock.

ExlService Holdings 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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