BidaskClub downgraded shares of ExlService (NASDAQ:EXLS) from a buy rating to a hold rating in a research note published on Saturday morning.

EXLS has been the topic of a number of other research reports. Zacks Investment Research cut shares of ExlService from a buy rating to a hold rating in a research note on Thursday, November 9th. Barrington Research lifted their price target on shares of ExlService from $65.00 to $72.00 and gave the company an outperform rating in a research note on Friday, October 27th. Stifel Nicolaus reissued a buy rating and issued a $67.00 price target on shares of ExlService in a research note on Thursday, October 26th. Cowen reissued a buy rating on shares of ExlService in a research note on Friday, September 1st. Finally, Needham & Company LLC reissued a buy rating and issued a $68.00 price target (up previously from $60.00) on shares of ExlService in a research note on Sunday, October 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $62.33.

Shares of ExlService (NASDAQ:EXLS) opened at $60.31 on Friday. The company has a market cap of $2,060.34, a P/E ratio of 25.29, a PEG ratio of 2.09 and a beta of 1.26. ExlService has a one year low of $44.25 and a one year high of $62.99. 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 (NASDAQ:EXLS) last issued its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. The business had revenue of $192.30 million for the quarter, compared to analysts’ expectations of $191.20 million. ExlService had a net margin of 9.94% and a return on equity of 14.81%. The business’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the company earned $0.61 EPS. research analysts forecast that ExlService will post 2.12 earnings per share for the current fiscal year.

In related news, EVP Villa Rembert De sold 31,370 shares of the business’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $57.21, for a total value of $1,794,677.70. Following the sale, the executive vice president now directly owns 17,067 shares in the company, valued at approximately $976,403.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Rohit Kapoor sold 35,780 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $55.79, for a total transaction of $1,996,166.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 388,834 shares of company stock worth $22,724,604. 5.80% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. California Public Employees Retirement System raised its holdings in ExlService by 4.0% in the 2nd quarter. California Public Employees Retirement System now owns 52,600 shares of the business services provider’s stock valued at $2,924,000 after buying an additional 2,000 shares during the period. Aperio Group LLC increased its stake in ExlService by 29.1% during the second quarter. Aperio Group LLC now owns 13,493 shares of the business services provider’s stock worth $750,000 after purchasing an additional 3,044 shares during the period. BNP Paribas Arbitrage SA increased its stake in ExlService by 66.4% during the second quarter. BNP Paribas Arbitrage SA now owns 11,184 shares of the business services provider’s stock worth $622,000 after purchasing an additional 4,464 shares during the period. Arizona State Retirement System increased its stake in ExlService by 0.6% during 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. Finally, Schwab Charles Investment Management Inc. increased its stake in ExlService by 7.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 144,181 shares of the business services provider’s stock worth $8,014,000 after purchasing an additional 9,895 shares during the period. Hedge funds and other institutional investors own 95.73% 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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