ExlService (NASDAQ:EXLS) Sets New 12-Month High at $34.83

ExlService Holdings, Inc. (NASDAQ:EXLS)’s share price reached a new 52-week high on Thursday . The company traded as high as $34.83 and last traded at $34.68, with a volume of 138741 shares traded. The stock had previously closed at $34.09.

Analyst Ratings Changes

EXLS has been the subject of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of ExlService in a research report on Friday, May 3rd. Wedbush raised ExlService from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $34.00 to $40.00 in a research report on Wednesday, May 8th. TD Cowen raised their price objective on ExlService from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Finally, Citigroup raised their target price on ExlService from $37.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.33.

ExlService Price Performance

The stock has a 50 day simple moving average of $31.03 and a two-hundred day simple moving average of $30.86. The firm has a market cap of $5.79 billion, a PE ratio of 32.07, a price-to-earnings-growth ratio of 1.83 and a beta of 1.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.54 and a current ratio of 2.54.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $436.51 million during the quarter, compared to analyst estimates of $424.81 million. ExlService had a return on equity of 23.13% and a net margin of 10.92%. Sell-side analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Buying and Selling at ExlService

In related news, insider Vikas Bhalla sold 14,990 shares of ExlService stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $30.84, for a total value of $462,291.60. Following the completion of the transaction, the insider now owns 112,056 shares in the company, valued at approximately $3,455,807.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Rohit Kapoor sold 36,847 shares of ExlService stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $31.07, for a total value of $1,144,836.29. Following the sale, the chief executive officer now directly owns 1,549,588 shares of the company’s stock, valued at $48,145,699.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vikas Bhalla sold 14,990 shares of ExlService stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $30.84, for a total value of $462,291.60. Following the completion of the sale, the insider now directly owns 112,056 shares in the company, valued at $3,455,807.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 141,587 shares of company stock worth $4,438,140. Insiders own 3.75% of the company’s stock.

Hedge Funds Weigh In On ExlService

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dakota Wealth Management acquired a new position in ExlService during the second quarter worth $201,000. Leeward Investments LLC MA lifted its holdings in ExlService by 5.6% in the second quarter. Leeward Investments LLC MA now owns 364,899 shares of the business services provider’s stock valued at $11,443,000 after acquiring an additional 19,469 shares during the last quarter. Raymond James & Associates grew its position in ExlService by 16.7% in the second quarter. Raymond James & Associates now owns 520,232 shares of the business services provider’s stock worth $16,314,000 after acquiring an additional 74,419 shares during the period. Boston Trust Walden Corp increased its stake in ExlService by 1.2% during the second quarter. Boston Trust Walden Corp now owns 3,760,723 shares of the business services provider’s stock worth $117,936,000 after acquiring an additional 46,302 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in ExlService by 59.0% during the second quarter. Blue Trust Inc. now owns 4,147 shares of the business services provider’s stock worth $132,000 after acquiring an additional 1,539 shares during the last quarter. Institutional investors and hedge funds 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.