ExlService (NASDAQ:EXLS) Stock Price Down 6.4%

ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) dropped 6.4% during mid-day trading on Friday . The company traded as low as $28.41 and last traded at $28.62. Approximately 471,870 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 888,580 shares. The stock had previously closed at $30.59.

Wall Street Analyst Weigh In

EXLS has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of ExlService from a "buy" rating to a "hold" rating in a research report on Thursday, February 29th. Wedbush reiterated a "neutral" rating and set a $34.00 target price on shares of ExlService in a research report on Thursday, December 14th. Citigroup upgraded shares of ExlService from a "neutral" rating to a "buy" rating and boosted their target price for the company from $29.00 to $36.00 in a research report on Wednesday, January 17th. Needham & Company LLC restated a "buy" rating and set a $40.00 price objective on shares of ExlService in a report on Friday, March 1st. Finally, TD Cowen upped their price objective on shares of ExlService from $36.00 to $37.00 and gave the stock an "outperform" rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, ExlService has an average rating of "Moderate Buy" and a consensus price target of $36.00.

ExlService Stock Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.08 and a current ratio of 2.08. The stock has a market cap of $4.90 billion, a P/E ratio of 27.13, a price-to-earnings-growth ratio of 1.62 and a beta of 0.97. The company's 50 day moving average price is $31.03 and its 200-day moving average price is $29.68.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its earnings results on Thursday, February 29th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). The firm had revenue of $414.06 million during the quarter, compared to the consensus estimate of $408.56 million. ExlService had a return on equity of 22.83% and a net margin of 11.32%. Equities analysts forecast that ExlService Holdings, Inc. will post 1.3 EPS for the current fiscal year.

Insider Activity at ExlService

In related news, EVP Ajay Ayyappan sold 9,259 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total transaction of $292,491.81. Following the completion of the transaction, the executive vice president now owns 50,693 shares in the company, valued at $1,601,391.87. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other ExlService news, EVP Ajay Ayyappan sold 9,259 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total transaction of $292,491.81. Following the completion of the transaction, the executive vice president now owns 50,693 shares in the company, valued at $1,601,391.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Vikas Bhalla sold 23,760 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total transaction of $748,677.60. Following the transaction, the executive vice president now owns 127,046 shares of the company's stock, valued at approximately $4,003,219.46. The disclosure for this sale can be found here. 3.75% of the stock is owned by company insiders.

Hedge Funds Weigh In On ExlService

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. bought a new position in ExlService during the first quarter worth about $61,000. Quarry LP lifted its holdings in shares of ExlService by 120.5% in the first quarter. Quarry LP now owns 430 shares of the business services provider's stock worth $70,000 after buying an additional 235 shares in the last quarter. Fortis Capital Advisors LLC purchased a new stake in shares of ExlService in the fourth quarter worth about $117,000. Covestor Ltd lifted its holdings in shares of ExlService by 6,266.7% in the first quarter. Covestor Ltd now owns 955 shares of the business services provider's stock worth $137,000 after buying an additional 940 shares in the last quarter. Finally, FinTrust Capital Advisors LLC purchased a new stake in shares of ExlService in the third quarter worth about $29,000. Institutional investors own 92.92% of the company's stock.

ExlService Company Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also 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.