ExlService (NASDAQ:EXLS) Receives “Buy” Rating from Barrington Research

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ExlService (NASDAQ:EXLS)‘s stock had its “buy” rating reiterated by Barrington Research in a report issued on Wednesday, AnalystRatings.com reports.

The analysts wrote, “We expect EXL to report Q2/19 non-GAAP EPS of $0.71, which is in line with the FactSet consensus of $0.71. Our expectation represents year-over-year growth of 6% and a sequentially flat result.””

Several other analysts also recently issued reports on EXLS. Cantor Fitzgerald reiterated a “buy” rating and set a $71.00 price target on shares of ExlService in a research note on Monday, May 6th. Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th. Citigroup downgraded Lear from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $188.00 to $144.00 in a research note on Wednesday. ValuEngine upgraded Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Tuesday, April 30th. Finally, BidaskClub downgraded Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. ExlService presently has an average rating of “Hold” and an average price target of $66.80.

EXLS opened at $64.67 on Wednesday. The company has a market cap of $2.17 billion, a P/E ratio of 28.00, a PEG ratio of 2.51 and a beta of 1.08. The business’s 50-day moving average is $63.66. ExlService has a 52-week low of $44.29 and a 52-week high of $67.68. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.40 and a current ratio of 3.40.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.17. The company had revenue of $239.57 million during the quarter, compared to the consensus estimate of $238.88 million. ExlService had a return on equity of 13.63% and a net margin of 5.27%. The firm’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.65 EPS. On average, research analysts predict that ExlService will post 2.3 EPS for the current year.

In related news, VP Nagaraja Srivatsan sold 1,416 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $61.65, for a total transaction of $87,296.40. Following the completion of the sale, the vice president now owns 542 shares in the company, valued at approximately $33,414.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Vikas Bhalla sold 10,000 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $66.35, for a total value of $663,500.00. Following the sale, the executive vice president now owns 920 shares of the company’s stock, valued at approximately $61,042. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,308 shares of company stock valued at $870,938. 3.60% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of EXLS. Norges Bank acquired a new position in ExlService in the 4th quarter valued at approximately $20,442,000. Macquarie Group Ltd. raised its holdings in ExlService by 10.4% in the 4th quarter. Macquarie Group Ltd. now owns 1,144,485 shares of the business services provider’s stock valued at $60,223,000 after acquiring an additional 107,832 shares in the last quarter. TimesSquare Capital Management LLC raised its holdings in ExlService by 6.0% in the 1st quarter. TimesSquare Capital Management LLC now owns 980,836 shares of the business services provider’s stock valued at $58,870,000 after acquiring an additional 55,770 shares in the last quarter. Dalton Investments LLC acquired a new position in ExlService in the 1st quarter valued at approximately $3,301,000. Finally, Bank of America Corp DE raised its holdings in ExlService by 34.8% in the 4th quarter. Bank of America Corp DE now owns 206,346 shares of the business services provider’s stock valued at $10,859,000 after acquiring an additional 53,245 shares in the last quarter. 91.99% of the stock is owned by hedge funds and other institutional investors.

ExlService Company Profile

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.

See Also: Exchange-Traded Funds (ETFs)

Analyst Recommendations for ExlService (NASDAQ:EXLS)

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