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. “
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) 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.
COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Markets Daily and is the property of of Markets Daily. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://www.themarketsdaily.com/2018/03/14/exlservice-exls-downgraded-to-sell-at-zacks-investment-research.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ExlService Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExlService and related companies with MarketBeat.com's FREE daily email newsletter.