ExlService (NASDAQ:EXLS) had its price target dropped by research analysts at Barrington Research from $72.00 to $70.00 in a research note issued to investors on Wednesday. The firm currently has an “outperform” rating on the business services provider’s stock. Barrington Research’s price target indicates a potential upside of 19.05% from the company’s previous close.
A number of other equities analysts have also issued reports on EXLS. Zacks Investment Research lowered shares of ExlService from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. BidaskClub lowered shares of ExlService from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Cantor Fitzgerald restated a “buy” rating and set a $71.00 target price on shares of ExlService in a research report on Monday, February 19th. Finally, ValuEngine lowered shares of ExlService from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $62.75.
ExlService (EXLS) traded down $2.51 during mid-day trading on Wednesday, reaching $58.80. 260,800 shares of the company’s stock were exchanged, compared to its average volume of 122,871. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.08. ExlService has a 12 month low of $44.77 and a 12 month high of $64.34. The firm has a market capitalization of $2,081.04, a PE ratio of 27.87, a P/E/G ratio of 1.91 and a beta of 1.14.
In related news, EVP Villa Rembert De sold 4,325 shares of ExlService stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $60.36, for a total value of $261,057.00. Following the transaction, the executive vice president now directly owns 11,528 shares in the company, valued at approximately $695,830.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Nalin Kumar Miglani sold 3,526 shares of ExlService stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $60.37, for a total transaction of $212,864.62. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,608 shares of company stock worth $1,316,353. 5.80% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of EXLS. LS Investment Advisors LLC grew its position in ExlService by 110.6% in the 4th quarter. LS Investment Advisors LLC now owns 2,414 shares of the business services provider’s stock valued at $146,000 after buying an additional 1,268 shares during the last quarter. We Are One Seven LLC purchased a new position in ExlService in the 4th quarter valued at $191,000. Allianz Asset Management GmbH purchased a new position in ExlService in the 4th quarter valued at $204,000. Dean Capital Investments Management LLC purchased a new position in ExlService in the 4th quarter valued at $206,000. Finally, ETRADE Capital Management LLC purchased a new position in ExlService in the 3rd quarter valued at $216,000. Hedge funds and other institutional investors own 92.49% of the company’s stock.
ExlService 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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