ExlService (NASDAQ:EXLS) Sets New 1-Year High – Here’s Why

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

Analyst Upgrades and Downgrades

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

ExlService Stock Performance

The business’s 50 day simple moving average is $46.67 and its two-hundred day simple moving average is $41.36. The firm has a market capitalization of $8.32 billion, a PE ratio of 45.37, a price-to-earnings-growth ratio of 2.10 and a beta of 1.03. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37.

Insider Buying and Selling at ExlService

In other news, CFO Maurizio Nicolelli sold 13,753 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $49.14, for a total transaction of $675,822.42. Following the completion of the sale, the chief financial officer now owns 194,440 shares of the company’s stock, valued at $9,554,781.60. The trade was a 6.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jaynie M. Studenmund sold 3,645 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total value of $160,562.25. Following the completion of the transaction, the director now directly owns 14,580 shares in the company, 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. Over the last 90 days, insiders have sold 217,398 shares of company stock valued at $10,089,385. 4.16% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Algert Global LLC lifted its holdings in ExlService by 18.0% during the third quarter. Algert Global LLC now owns 150,460 shares of the business services provider’s stock valued at $5,740,000 after purchasing an additional 22,970 shares in the last quarter. Quest Partners LLC lifted its stake in shares of ExlService by 196.8% during the 3rd quarter. Quest Partners LLC now owns 70,015 shares of the business services provider’s stock valued at $2,671,000 after buying an additional 46,422 shares in the last quarter. Eagle Asset Management Inc. lifted its stake in shares of ExlService by 4.3% during the 3rd quarter. Eagle Asset Management Inc. now owns 711,995 shares of the business services provider’s stock valued at $27,163,000 after buying an additional 29,510 shares in the last quarter. Assetmark Inc. boosted its holdings in ExlService by 107,991.3% in the 3rd quarter. Assetmark Inc. now owns 24,861 shares of the business services provider’s stock worth $948,000 after buying an additional 24,838 shares during the period. Finally, Walleye Capital LLC bought a new stake in ExlService during the third quarter valued at about $1,543,000. 92.92% of the stock is currently owned by 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.