ExlService (NASDAQ:EXLS) Reaches New 52-Week High at $35.59

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) hit a new 52-week high during trading on Wednesday . The company traded as high as $35.59 and last traded at $35.47, with a volume of 312056 shares traded. The stock had previously closed at $35.26.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EXLS. Wedbush raised shares of ExlService from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $34.00 to $40.00 in a research report on Wednesday, May 8th. TD Cowen boosted their price objective on shares of ExlService from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Citigroup boosted their price objective on shares of ExlService from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.33.

ExlService Stock Performance

The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 32.59, a P/E/G ratio of 1.84 and a beta of 1.00. The stock’s fifty day moving average is $31.32 and its two-hundred day moving average is $30.98. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.35.

ExlService (NASDAQ:EXLS) last issued its earnings results on Thursday, May 2nd. The business services provider reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $436.51 million for the quarter, compared to the consensus estimate of $424.81 million. ExlService had a net margin of 10.92% and a return on equity of 23.13%. On average, analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Buying and Selling at ExlService

In other ExlService news, insider Vikas Bhalla sold 14,990 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $30.84, for a total value of $462,291.60. Following the transaction, the insider now directly owns 112,056 shares in the company, valued at $3,455,807.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other ExlService news, insider Vikas Bhalla sold 14,990 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $30.84, for a total value of $462,291.60. Following the transaction, the insider now directly owns 112,056 shares in the company, valued at $3,455,807.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Maurizio Nicolelli sold 12,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $30.66, for a total transaction of $367,920.00. Following the completion of the transaction, the chief financial officer now owns 138,985 shares in the company, valued at $4,261,280.10. The disclosure for this sale can be found here. Insiders have sold a total of 141,587 shares of company stock worth $4,438,140 over the last ninety days. Insiders own 3.75% of the company’s stock.

Hedge Funds Weigh In On ExlService

Several institutional investors and hedge funds have recently modified their holdings of EXLS. Whittier Trust Co. of Nevada Inc. grew its stake in shares of ExlService by 164.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 574 shares in the last quarter. New Covenant Trust Company N.A. acquired a new position in shares of ExlService in the first quarter valued at about $30,000. Principal Securities Inc. acquired a new position in shares of ExlService in the fourth quarter valued at about $34,000. Parallel Advisors LLC grew its stake in shares of ExlService by 44.6% in the fourth quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 366 shares in the last quarter. Finally, Grayhawk Investment Strategies Inc. acquired a new position in shares of ExlService in the fourth quarter valued at about $42,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.

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.