Wedbush Reiterates Neutral Rating for ExlService (EXLS)

Wedbush reiterated their neutral rating on shares of ExlService (NASDAQ:EXLS) in a research note published on Wednesday. Wedbush also issued estimates for ExlService’s Q4 2018 earnings at $0.59 EPS and Q1 2019 earnings at $0.54 EPS.

EXLS has been the topic of a number of other reports. ValuEngine lowered ExlService from a buy rating to a hold rating in a research note on Thursday, August 2nd. Zacks Investment Research lowered ExlService from a hold rating to a sell rating in a research note on Tuesday, November 6th. BidaskClub lowered ExlService from a buy rating to a hold rating in a research note on Saturday, October 13th. Cantor Fitzgerald restated a buy rating and issued a $71.00 target price on shares of ExlService in a research note on Thursday, August 2nd. Finally, Barrington Research set a $70.00 target price on ExlService and gave the stock a buy rating in a research note on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $65.20.

NASDAQ:EXLS opened at $57.96 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.28 and a current ratio of 3.28. ExlService has a 52-week low of $52.52 and a 52-week high of $67.06. The firm has a market cap of $1.99 billion, a P/E ratio of 24.77, a P/E/G ratio of 2.00 and a beta of 1.23.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Thursday, November 1st. The business services provider reported $0.71 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.71. ExlService had a return on equity of 13.96% and a net margin of 5.14%. The company had revenue of $231.12 million for the quarter, compared to analyst estimates of $231.49 million. During the same period in the previous year, the company posted $0.69 EPS. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. Research analysts forecast that ExlService will post 2.23 earnings per share for the current year.

In other ExlService news, Director Garen K. Staglin sold 5,631 shares of the company’s stock in a transaction dated Wednesday, October 10th. The stock was sold at an average price of $63.50, for a total value of $357,568.50. Following the transaction, the director now directly owns 24,477 shares in the company, valued at approximately $1,554,289.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rohit Kapoor sold 23,409 shares of the company’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $65.40, for a total value of $1,530,948.60. Following the completion of the transaction, the chief executive officer now owns 252,731 shares in the company, valued at $16,528,607.40. The disclosure for this sale can be found here. Insiders sold a total of 53,931 shares of company stock worth $3,526,835 over the last 90 days. Corporate insiders own 4.40% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. OLD National Bancorp IN purchased a new position in shares of ExlService in the 3rd quarter worth about $525,000. GSA Capital Partners LLP boosted its holdings in shares of ExlService by 247.7% in the 2nd quarter. GSA Capital Partners LLP now owns 16,466 shares of the business services provider’s stock worth $932,000 after purchasing an additional 11,730 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in shares of ExlService by 11.3% in the 2nd quarter. Macquarie Group Ltd. now owns 832,537 shares of the business services provider’s stock worth $47,130,000 after purchasing an additional 84,541 shares in the last quarter. Mitsubishi UFJ Asset Management UK Ltd. boosted its holdings in shares of ExlService by 50.0% in the 3rd quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 21,000 shares of the business services provider’s stock worth $1,390,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of ExlService by 5.9% in the 2nd quarter. Legal & General Group Plc now owns 74,363 shares of the business services provider’s stock worth $4,218,000 after purchasing an additional 4,131 shares in the last quarter. Institutional investors and hedge funds own 92.21% 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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Analyst Recommendations for ExlService (NASDAQ:EXLS)

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