ExlService (NASDAQ:EXLS) Reaches New 52-Week High – Still a Buy?

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) reached a new 52-week high during trading on Monday . The stock traded as high as $51.10 and last traded at $50.91, with a volume of 304867 shares trading hands. The stock had previously closed at $50.26.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on EXLS shares. Citigroup lifted their price objective on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a report on Monday, October 14th. Needham & Company LLC increased their price objective on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Robert W. Baird boosted their target price on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Jefferies Financial Group increased their price target on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, ExlService currently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

ExlService Stock Up 1.4 %

The stock has a fifty day moving average of $46.41 and a 200 day moving average of $41.05. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The firm has a market capitalization of $8.20 billion, a P/E ratio of 44.69, a price-to-earnings-growth ratio of 2.10 and a beta of 1.03.

Insider Buying and Selling

In other news, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $45.66, for a total transaction of $4,566,000.00. Following the completion of the transaction, the chief executive officer now owns 789,645 shares in the company, valued at approximately $36,055,190.70. This represents a 11.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Maurizio Nicolelli sold 13,753 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the transaction, the chief financial officer now owns 194,440 shares of the company’s stock, valued at $9,554,781.60. This represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 217,398 shares of company stock valued at $10,089,385. 4.16% of the stock is owned by insiders.

Hedge Funds Weigh In On ExlService

Hedge funds have recently made changes to their positions in the stock. Mather Group LLC. bought a new position in ExlService in the 4th quarter worth about $25,000. Kestra Investment Management LLC purchased a new stake in shares of ExlService in the fourth quarter worth about $26,000. Ashton Thomas Securities LLC bought a new position in shares of ExlService in the third quarter valued at approximately $27,000. Huntington National Bank grew its stake in ExlService by 2,827.5% during the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 1,131 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in ExlService during the 4th quarter worth approximately $58,000. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

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.