ExlService (NASDAQ:EXLS) Downgraded to Hold at StockNews.com

StockNews.com lowered shares of ExlService (NASDAQ:EXLSFree Report) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

A number of other research firms have also recently issued reports on EXLS. Wedbush reiterated a neutral rating and issued a $34.00 target price on shares of ExlService in a research note on Thursday, December 14th. Citigroup upgraded ExlService from a neutral rating to a buy rating and increased their price objective for the company from $29.00 to $36.00 in a research report on Wednesday, January 17th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $36.00.

View Our Latest Stock Report on EXLS

ExlService Stock Down 0.8 %

Shares of NASDAQ:EXLS opened at $30.70 on Wednesday. The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of 29.46, a price-to-earnings-growth ratio of 1.51 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’s fifty day moving average is $30.67 and its two-hundred day moving average is $29.84. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.13 and a current ratio of 2.13.

Institutional Investors Weigh In On ExlService

A number of large investors have recently bought and sold shares of EXLS. Avantax Advisory Services Inc. lifted its position in shares of ExlService by 10.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 12,954 shares of the business services provider’s stock worth $400,000 after acquiring an additional 1,211 shares during the period. Principal Financial Group Inc. increased its stake in shares of ExlService by 0.4% in the 4th quarter. Principal Financial Group Inc. now owns 3,136,299 shares of the business services provider’s stock valued at $96,755,000 after buying an additional 13,160 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in shares of ExlService by 31.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,086 shares of the business services provider’s stock valued at $404,000 after purchasing an additional 3,163 shares during the last quarter. Principal Securities Inc. bought a new stake in shares of ExlService during the 4th quarter valued at $34,000. Finally, Geneva Capital Management LLC boosted its holdings in ExlService by 0.3% during the fourth quarter. Geneva Capital Management LLC now owns 4,219,652 shares of the business services provider’s stock worth $130,176,000 after buying an additional 13,039 shares during the last quarter. 18.96% of the stock is currently owned by institutional investors.

About ExlService

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for ExlService (NASDAQ:EXLS)

Receive News & Ratings for ExlService Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExlService and related companies with MarketBeat.com's FREE daily email newsletter.