ExlService (NASDAQ:EXLS) Reaches New 12-Month High – Still a Buy?

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $40.00 and last traded at $40.00, with a volume of 782 shares trading hands. The stock had previously closed at $39.48.

Wall Street Analysts Forecast Growth

EXLS has been the subject of several recent research reports. Robert W. Baird raised their price target on shares of ExlService from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday. Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of ExlService in a research note on Friday, August 2nd. JPMorgan Chase & Co. upped their price target on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Citigroup lifted their price objective on ExlService from $37.00 to $38.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and upped their price target for the stock from $35.00 to $42.00 in a research note on Monday, September 9th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.71.

ExlService Stock Performance

The company has a debt-to-equity ratio of 0.30, a current ratio of 2.45 and a quick ratio of 2.45. The company has a fifty day moving average price of $36.41 and a two-hundred day moving average price of $32.86. The firm has a market cap of $6.63 billion, a price-to-earnings ratio of 36.56, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The firm had revenue of $448.40 million during the quarter, compared to analyst estimates of $444.61 million. ExlService had a return on equity of 22.92% and a net margin of 10.45%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company posted $0.31 EPS. As a group, equities research analysts expect that ExlService Holdings, Inc. will post 1.28 EPS for the current year.

Insider Activity at ExlService

In other ExlService news, CEO Rohit Kapoor sold 40,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $34.05, for a total value of $1,362,000.00. Following the sale, the chief executive officer now directly owns 1,509,588 shares in the company, valued at $51,401,471.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other ExlService news, EVP Anita Mahon sold 25,670 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $35.50, for a total value of $911,285.00. Following the transaction, the executive vice president now directly owns 68,857 shares in the company, valued at $2,444,423.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rohit Kapoor sold 40,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $34.05, for a total value of $1,362,000.00. Following the sale, the chief executive officer now owns 1,509,588 shares in the company, valued at approximately $51,401,471.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 149,190 shares of company stock valued at $5,210,726. Corporate insiders own 3.75% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Creative Planning lifted its stake in shares of ExlService by 70.7% in the 3rd quarter. Creative Planning now owns 37,402 shares of the business services provider’s stock valued at $1,427,000 after purchasing an additional 15,489 shares during the period. Shaker Investments LLC OH bought a new stake in ExlService in the third quarter valued at about $583,000. Carnegie Investment Counsel bought a new position in ExlService during the third quarter worth about $334,000. Ritholtz Wealth Management bought a new stake in ExlService in the third quarter valued at approximately $270,000. Finally, UMB Bank n.a. lifted its holdings in 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 acquiring an additional 375 shares in the last quarter. 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.