StockNews.com Lowers ExlService (NASDAQ:EXLS) to Hold

StockNews.com lowered shares of ExlService (NASDAQ:EXLSFree Report) from a buy rating to a hold rating in a research report report published on Monday morning.

EXLS has been the topic of several other reports. Citigroup reduced their price target on ExlService from $32.40 to $32.00 and set a neutral rating on the stock in a report on Monday, October 16th. Wedbush reaffirmed a neutral rating and set a $34.00 price target on shares of ExlService in a research note on Thursday, December 14th. Finally, Jefferies Financial Group began coverage on shares of ExlService in a research note on Tuesday, September 19th. They issued a hold rating and a $33.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, ExlService has a consensus rating of Moderate Buy and a consensus price target of $36.00.

Get Our Latest Research Report on EXLS

ExlService Trading Up 3.3 %

EXLS opened at $31.70 on Monday. The company’s 50 day moving average is $29.42 and its 200-day moving average is $29.75. The company has a market cap of $5.23 billion, a P/E ratio of 30.42, a PEG ratio of 1.52 and a beta of 0.99. ExlService has a 1-year low of $25.17 and a 1-year high of $35.94. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.19.

ExlService (NASDAQ:EXLSGet Free Report) last posted its earnings results on Thursday, October 26th. The business services provider reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. ExlService had a net margin of 11.07% and a return on equity of 23.66%. The firm had revenue of $410.97 million for the quarter, compared to analysts’ expectations of $405.68 million. Equities research analysts predict that ExlService will post 1.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ExlService

Institutional investors and hedge funds have recently modified their holdings of the business. Van ECK Associates Corp boosted its stake in ExlService by 12.6% during the second quarter. Van ECK Associates Corp now owns 4,661 shares of the business services provider’s stock worth $704,000 after acquiring an additional 523 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of ExlService by 426.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,173 shares of the business services provider’s stock valued at $61,000 after buying an additional 1,760 shares during the period. Mackenzie Financial Corp increased its position in ExlService by 60.3% in the 2nd quarter. Mackenzie Financial Corp now owns 1,046,435 shares of the business services provider’s stock valued at $157,991,000 after buying an additional 393,557 shares in the last quarter. Cantor Fitzgerald L. P. raised its stake in ExlService by 1.9% during the 2nd quarter. Cantor Fitzgerald L. P. now owns 65,825 shares of the business services provider’s stock worth $9,944,000 after buying an additional 1,220 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in ExlService by 16.7% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 91,820 shares of the business services provider’s stock worth $13,870,000 after acquiring an additional 13,160 shares in the last quarter. 18.96% of the stock is currently owned by institutional investors.

About ExlService

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ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. It operates through Insurance, Healthcare, Analytics, and Emerging Business segments. The company provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.

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