Zacks Investment Research Downgrades ExlService (NASDAQ:EXLS) to Hold

ExlService (NASDAQ:EXLS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, 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. “

A number of other equities analysts have also recently commented on the stock. Citigroup lifted their target price on shares of ExlService from $90.00 to $92.00 and gave the stock a “neutral” rating in a research report on Monday, March 8th. Robert W. Baird reissued a “hold” rating on shares of ExlService in a research note on Sunday, February 28th. Finally, William Blair restated an “outperform” rating on shares of ExlService in a research report on Thursday, February 25th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $83.60.

EXLS opened at $95.79 on Monday. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $3.20 billion, a P/E ratio of 42.20, a PEG ratio of 2.79 and a beta of 0.92. The stock has a 50-day moving average price of $92.10 and a 200-day moving average price of $85.27. ExlService has a 12-month low of $51.09 and a 12-month high of $96.77.

ExlService (NASDAQ:EXLS) last issued its earnings results on Thursday, April 29th. The business services provider reported $1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.33. ExlService had a return on equity of 13.65% and a net margin of 8.14%. On average, equities research analysts predict that ExlService will post 2.83 EPS for the current year.

In other ExlService news, EVP Vivek Jetley sold 900 shares of the company’s stock in a transaction that occurred on Friday, April 23rd. The stock was sold at an average price of $96.50, for a total transaction of $86,850.00. Following the completion of the transaction, the executive vice president now owns 42,473 shares of the company’s stock, valued at approximately $4,098,644.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Nalin Kumar Miglani sold 972 shares of the stock in a transaction that occurred on Tuesday, February 23rd. The stock was sold at an average price of $79.33, for a total value of $77,108.76. Following the completion of the sale, the executive vice president now owns 3,333 shares of the company’s stock, valued at approximately $264,406.89. The disclosure for this sale can be found here. Insiders sold 70,291 shares of company stock worth $6,399,412 over the last three months. 3.60% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund raised its holdings in ExlService by 1.0% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,931 shares of the business services provider’s stock worth $1,256,000 after purchasing an additional 138 shares in the last quarter. Renaissance Group LLC raised its stake in ExlService by 1.5% in the fourth quarter. Renaissance Group LLC now owns 11,824 shares of the business services provider’s stock worth $1,007,000 after buying an additional 170 shares in the last quarter. Aperio Group LLC lifted its holdings in ExlService by 2.3% in the fourth quarter. Aperio Group LLC now owns 9,480 shares of the business services provider’s stock worth $807,000 after buying an additional 213 shares during the period. Victory Capital Management Inc. boosted its position in ExlService by 3.0% during the 4th quarter. Victory Capital Management Inc. now owns 7,281 shares of the business services provider’s stock valued at $620,000 after acquiring an additional 215 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in ExlService by 24.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,980 shares of the business services provider’s stock valued at $169,000 after acquiring an additional 390 shares in the last quarter. Institutional investors and hedge funds own 94.84% of the company’s stock.

About ExlService

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.

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