ExlService (EXLS) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research cut shares of ExlService (NASDAQ:EXLS) from a buy rating to a sell rating in a report published on Tuesday.

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. “

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A number of other analysts have also recently commented on the company. BidaskClub upgraded ExlService from a sell rating to a hold rating in a research report on Tuesday. ValuEngine upgraded ExlService from a hold rating to a buy rating in a research report on Thursday, March 8th. Cowen cut ExlService from an outperform rating to a market perform rating in a research report on Thursday, March 1st. Barrington Research cut their price objective on ExlService from $72.00 to $70.00 and set an outperform rating for the company in a research report on Wednesday, February 28th. Finally, William Blair restated an outperform rating on shares of ExlService in a research report on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $62.50.

ExlService (NASDAQ EXLS) opened at $59.72 on Tuesday. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $2,016.33, a P/E ratio of 42.96, a P/E/G ratio of 1.70 and a beta of 1.16. ExlService has a 12-month low of $44.81 and a 12-month high of $64.34.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, February 27th. The business services provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The company had revenue of $197.88 million during the quarter, compared to analysts’ expectations of $194.86 million. ExlService had a return on equity of 15.09% and a net margin of 6.41%. ExlService’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the business earned $0.61 earnings per share. equities analysts predict that ExlService will post 2.26 EPS for the current year.

In other news, EVP Nalin Kumar Miglani sold 1,104 shares of ExlService stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $61.48, for a total value of $67,873.92. Following the sale, the executive vice president now directly owns 6,083 shares of the company’s stock, valued at $373,982.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vishal Chhibbar sold 3,000 shares of ExlService stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $63.90, for a total value of $191,700.00. Following the completion of the sale, the chief financial officer now directly owns 3,000 shares in the company, valued at $191,700. The disclosure for this sale can be found here. Insiders sold 17,014 shares of company stock worth $1,026,173 over the last ninety days. Corporate insiders own 5.80% of the company’s stock.

Several large investors have recently modified their holdings of the company. SG Americas Securities LLC boosted its stake in shares of ExlService by 6.8% in the third quarter. SG Americas Securities LLC now owns 13,459 shares of the business services provider’s stock worth $785,000 after acquiring an additional 862 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of ExlService by 7.4% in the fourth quarter. Louisiana State Employees Retirement System now owns 14,600 shares of the business services provider’s stock worth $881,000 after acquiring an additional 1,000 shares during the last quarter. LS Investment Advisors LLC boosted its stake in shares of ExlService by 110.6% in the fourth quarter. LS Investment Advisors LLC now owns 2,414 shares of the business services provider’s stock worth $146,000 after acquiring an additional 1,268 shares during the last quarter. Sei Investments Co. boosted its stake in shares of ExlService by 34.5% in the third quarter. Sei Investments Co. now owns 5,244 shares of the business services provider’s stock worth $305,000 after acquiring an additional 1,345 shares during the last quarter. Finally, American International Group Inc. boosted its stake in shares of ExlService by 5.7% in the third quarter. American International Group Inc. now owns 26,037 shares of the business services provider’s stock worth $1,518,000 after acquiring an additional 1,403 shares during the last quarter. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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