ExlService Holdings’ (EXLS) “Hold” Rating Reaffirmed at SunTrust Banks, Inc.

SunTrust Banks, Inc. reiterated their hold rating on shares of ExlService Holdings, Inc. (NASDAQ:EXLS) in a research note released on Monday morning. The firm currently has a $60.00 price objective on the business services provider’s stock.

EXLS has been the subject of several other research reports. Citigroup Inc. lowered shares of ExlService Holdings from a buy rating to a neutral rating and boosted their price target for the company from $54.00 to $59.00 in a report on Tuesday, July 18th. Needham & Company LLC boosted their price target on shares of ExlService Holdings from $56.00 to $59.00 and gave the company a buy rating in a report on Wednesday, June 21st. Cantor Fitzgerald restated a buy rating and issued a $59.00 price target on shares of ExlService Holdings in a report on Tuesday, June 20th. BidaskClub lowered shares of ExlService Holdings from a strong-buy rating to a buy rating in a report on Thursday, July 6th. Finally, Zacks Investment Research upgraded shares of ExlService Holdings from a hold rating to a strong-buy rating and set a $64.00 price target for the company in a report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. ExlService Holdings presently has an average rating of Hold and a consensus target price of $60.33.

Shares of ExlService Holdings (NASDAQ:EXLS) opened at 60.70 on Monday. The firm’s 50-day moving average is $57.20 and its 200 day moving average is $53.41. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 30.80 and a beta of 1.27. ExlService Holdings has a 52-week low of $42.00 and a 52-week high of $60.70.

ExlService Holdings (NASDAQ:EXLS) last issued its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.24. ExlService Holdings had a net margin of 9.53% and a return on equity of 14.34%. The business had revenue of $189.10 million during the quarter, compared to analysts’ expectations of $185.65 million. During the same period last year, the company posted $0.55 EPS. The business’s revenue was up 10.9% on a year-over-year basis. Equities analysts expect that ExlService Holdings will post $2.61 EPS for the current year.

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In other news, CFO Vishal Chhibbar sold 7,119 shares of the stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $59.41, for a total value of $422,939.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Villa Rembert De sold 900 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $56.01, for a total transaction of $50,409.00. Following the completion of the sale, the executive vice president now owns 10,697 shares of the company’s stock, valued at $599,138.97. The disclosure for this sale can be found here. Insiders have sold 286,796 shares of company stock valued at $16,493,582 over the last 90 days. 5.80% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Montreal Can raised its position in shares of ExlService Holdings by 0.7% in the second quarter. Bank of Montreal Can now owns 4,478 shares of the business services provider’s stock valued at $249,000 after buying an additional 31 shares during the last quarter. Atria Investments LLC raised its position in shares of ExlService Holdings by 1.1% in the second quarter. Atria Investments LLC now owns 5,055 shares of the business services provider’s stock valued at $281,000 after buying an additional 56 shares during the last quarter. Pinebridge Investments L.P. raised its position in shares of ExlService Holdings by 1.5% in the second quarter. Pinebridge Investments L.P. now owns 4,437 shares of the business services provider’s stock valued at $246,000 after buying an additional 67 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of ExlService Holdings by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the business services provider’s stock valued at $761,000 after buying an additional 100 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of ExlService Holdings by 0.6% in the second quarter. Arizona State Retirement System now owns 17,592 shares of the business services provider’s stock valued at $978,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 94.68% of the company’s stock.

ExlService Holdings Company Profile

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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