ExlService (NASDAQ:EXLS) Sets New 52-Week High – Here’s What Happened

ExlService Holdings, Inc. (NASDAQ:EXLS)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $47.93 and last traded at $47.31, with a volume of 57695 shares. The stock had previously closed at $47.06.

Wall Street Analyst Weigh In

EXLS has been the subject of a number of recent research reports. Needham & Company LLC lifted their price target on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Friday. Citigroup raised their price target on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Finally, Robert W. Baird lifted their price objective on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $42.86.

ExlService Trading Up 0.2 %

The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The company has a 50 day simple moving average of $45.60 and a two-hundred day simple moving average of $39.80. The company has a market cap of $7.59 billion, a PE ratio of 41.36, a PEG ratio of 1.89 and a beta of 1.02.

ExlService (NASDAQ:EXLS) last released its earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company had revenue of $472.07 million for the quarter, compared to analysts’ expectations of $460.73 million. During the same quarter in the previous year, the business posted $0.30 EPS. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. Sell-side analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Activity

In other news, CEO Rohit Kapoor sold 100,000 shares of ExlService stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $42.07, for a total transaction of $4,207,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,190,240 shares in the company, valued at $50,073,396.80. The trade was a 7.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jaynie M. Studenmund sold 3,645 shares of ExlService stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total value of $160,562.25. Following the sale, the director now owns 14,580 shares of the company’s stock, valued at approximately $642,249. This represents a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 426,458 shares of company stock worth $18,720,514 in the last three months. 4.16% of the stock is owned by insiders.

Institutional Investors Weigh In On ExlService

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC acquired a new stake in ExlService in the 3rd quarter worth approximately $27,000. Huntington National Bank lifted its holdings in shares of ExlService by 2,827.5% during the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after buying an additional 1,131 shares during the last quarter. USA Financial Formulas acquired a new position in shares of ExlService during the fourth quarter worth approximately $58,000. UMB Bank n.a. lifted its holdings in shares of ExlService by 29.7% during the third quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock worth $62,000 after buying an additional 375 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of ExlService by 32.8% during the third quarter. GAMMA Investing LLC now owns 2,331 shares of the business services provider’s stock worth $89,000 after buying an additional 576 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

About ExlService

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.