Citigroup May Have Just Lost Faith in ExlService Holdings (NASDAQ:EXLS)

July 18, 2017 - By reb123z

 Citigroup May Have Just Lost Faith in ExlService Holdings (NASDAQ:EXLS)

Investors sentiment increased to 1.22 in 2016 Q4. Its up 0.02, from 1.2 in 2016Q3. It is positive, as 26 investors sold ExlService Holdings, Inc. shares while 47 reduced holdings. 29 funds opened positions while 60 raised stakes. 31.54 million shares or 0.37% more from 31.42 million shares in 2016Q3 were reported.

Clarivest Asset Ltd Liability Corporation, a California-based fund reported 43,408 shares. Aqr Cap Limited invested 0% in ExlService Holdings, Inc. (NASDAQ:EXLS). Manufacturers Life Ins The invested in 22,162 shares. Geode Cap Mngmt Ltd Com holds 0.01% of its portfolio in ExlService Holdings, Inc. (NASDAQ:EXLS) for 261,329 shares. 54,642 are held by Rhumbline Advisers. Goldman Sachs stated it has 0% in ExlService Holdings, Inc. (NASDAQ:EXLS). Airain Ltd accumulated 11,715 shares. Wellington Management Gru Limited Liability Partnership owns 2.04 million shares. Hbk Investments L P has invested 0.01% in ExlService Holdings, Inc. (NASDAQ:EXLS). Louisiana State Employees Retirement Systems holds 0.04% or 13,500 shares in its portfolio. Carroll Associates Inc has invested 0% in ExlService Holdings, Inc. (NASDAQ:EXLS). Prudential Plc stated it has 0.03% of its portfolio in ExlService Holdings, Inc. (NASDAQ:EXLS). Renaissance Techs Ltd Liability Corporation holds 0.05% in ExlService Holdings, Inc. (NASDAQ:EXLS) or 649,500 shares. Riverbridge Prtn Limited Liability Corporation invested in 1.06 million shares. Mason Street Lc holds 7,322 shares.

Since March 13, 2017, it had 0 insider purchases, and 18 insider sales for $8.24 million activity. The insider Miglani Nalin Kumar sold $174,646. Kapoor Rohit also sold $1.17M worth of ExlService Holdings, Inc. (NASDAQ:EXLS) on Friday, June 2. $196,236 worth of stock was sold by Chhibbar Vishal on Friday, June 9. Shares for $72,804 were sold by Saltzman Nancy on Thursday, March 16.

ExlService Holdings (NASDAQ:EXLS) Receives a Downgrade

The Rating of ExlService Holdings (NASDAQ:EXLS) shares have been downgraded by Citigroup from a “Buy” rating to a “Neutral” rating in an analyst report revealed to investors and clients on Tuesday morning.

Investors sentiment increased to 1.22 in 2016 Q4. Its up 0.02, from 1.2 in 2016Q3. It is positive, as 26 investors sold ExlService Holdings, Inc. shares while 47 reduced holdings. 29 funds opened positions while 60 raised stakes. 31.54 million shares or 0.37% more from 31.42 million shares in 2016Q3 were reported.

Clarivest Asset Ltd Liability Corporation, a California-based fund reported 43,408 shares. Aqr Cap Limited invested 0% in ExlService Holdings, Inc. (NASDAQ:EXLS). Manufacturers Life Ins The invested in 22,162 shares. Geode Cap Mngmt Ltd Com holds 0.01% of its portfolio in ExlService Holdings, Inc. (NASDAQ:EXLS) for 261,329 shares. 54,642 are held by Rhumbline Advisers. Goldman Sachs stated it has 0% in ExlService Holdings, Inc. (NASDAQ:EXLS). Airain Ltd accumulated 11,715 shares. Wellington Management Gru Limited Liability Partnership owns 2.04 million shares. Hbk Investments L P has invested 0.01% in ExlService Holdings, Inc. (NASDAQ:EXLS). Louisiana State Employees Retirement Systems holds 0.04% or 13,500 shares in its portfolio. Carroll Associates Inc has invested 0% in ExlService Holdings, Inc. (NASDAQ:EXLS). Prudential Plc stated it has 0.03% of its portfolio in ExlService Holdings, Inc. (NASDAQ:EXLS). Renaissance Techs Ltd Liability Corporation holds 0.05% in ExlService Holdings, Inc. (NASDAQ:EXLS) or 649,500 shares. Riverbridge Prtn Limited Liability Corporation invested in 1.06 million shares. Mason Street Lc holds 7,322 shares.

Since March 13, 2017, it had 0 insider purchases, and 18 insider sales for $8.24 million activity. The insider Miglani Nalin Kumar sold $174,646. Kapoor Rohit also sold $1.17M worth of ExlService Holdings, Inc. (NASDAQ:EXLS) on Friday, June 2. $196,236 worth of stock was sold by Chhibbar Vishal on Friday, June 9. Shares for $72,804 were sold by Saltzman Nancy on Thursday, March 16.

ExlService Holdings, Inc. (NASDAQ:EXLS) Ratings Coverage

Among 8 analysts covering ExlService Holdings (NASDAQ:EXLS), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. ExlService Holdings has $6000 highest and $41 lowest target. $53.43’s average target is -1.66% below currents $54.33 stock price. ExlService Holdings had 12 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of ExlService Holdings, Inc. (NASDAQ:EXLS) earned “Buy” rating by Needham on Wednesday, February 24. The rating was maintained by Citigroup on Friday, May 27 with “Buy”. Cantor Fitzgerald initiated the stock with “Buy” rating in Friday, October 16 report. The stock of ExlService Holdings, Inc. (NASDAQ:EXLS) has “Hold” rating given on Tuesday, July 18 by Citigroup. As per Friday, February 19, the company rating was initiated by Cowen & Co. The firm has “Buy” rating given on Wednesday, June 21 by Stifel Nicolaus. Cantor Fitzgerald maintained the stock with “Buy” rating in Tuesday, June 20 report. The firm earned “Buy” rating on Wednesday, February 24 by Citigroup. As per Tuesday, November 17, the company rating was upgraded by Bank of America.

About 5,774 shares traded. ExlService Holdings, Inc. (NASDAQ:EXLS) has risen 4.24% since July 18, 2016 and is uptrending. It has underperformed by 12.46% the S&P500.

Analysts expect ExlService Holdings, Inc. (NASDAQ:EXLS) to report $0.50 EPS on July, 27.They anticipate $0.03 EPS change or 6.38 % from last quarter’s $0.47 EPS. EXLS’s profit would be $16.84 million giving it 27.17 P/E if the $0.50 EPS is correct. After having $0.55 EPS previously, ExlService Holdings, Inc.’s analysts see -9.09 % EPS growth.

ExlService Holdings, Inc. is an operations management and analytics company. The company has market cap of $1.83 billion. The Firm divisions include Insurance; Healthcare; Travel, Transportation and Logistics; Finance and Accounting ; Analytics, and All Other. It has a 29.18 P/E ratio. The Insurance operating segment serves property and casualty insurance, life insurance, disability insurance, annuity and retirement services companies.

More recent ExlService Holdings, Inc. (NASDAQ:EXLS) news were published by: Seekingalpha.com which released: “ExlService Holdings (EXLS) Q4 2016 Results – Earnings Call Transcript” on February 28, 2017. Also Zacks.com published the news titled: “Why ExlService Holdings (EXLS) Stock Might be a Great Pick June 14, 2017” on June 14, 2017. Seekingalpha.com‘s news article titled: “ExlService Holdings (EXLS) Q1 2017 Results – Earnings Call Transcript” with publication date: May 02, 2017 was also an interesting one.

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