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

ExlService Holdings, Inc. (NASDAQ:EXLS) shares reached a new 52-week high on Tuesday . The stock traded as high as $50.27 and last traded at $50.42, with a volume of 154844 shares traded. The stock had previously closed at $49.54.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EXLS shares. StockNews.com lowered shares of ExlService from a “buy” rating to a “hold” rating in a research report on Saturday, January 25th. Jefferies Financial Group upped their price target on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Citigroup lifted their price objective on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Needham & Company LLC upped their target price on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Robert W. Baird lifted 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. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

ExlService Stock Up 0.7 %

The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of 44.10, a P/E/G ratio of 2.08 and a beta of 1.02. The stock’s fifty day moving average price is $46.24 and its 200-day moving average price is $40.77. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The firm had revenue of $472.07 million for the quarter, compared to the consensus estimate of $460.73 million. During the same quarter in the previous year, the business earned $0.30 earnings per share. The business’s revenue was up 14.9% compared to the same quarter last year. On average, sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Activity at ExlService

In other news, insider Vikas Bhalla sold 22,813 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $41.86, for a total transaction of $954,952.18. Following the completion of the sale, the insider now owns 102,825 shares in the company, valued at approximately $4,304,254.50. This trade represents a 18.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jaynie M. Studenmund sold 3,645 shares of ExlService stock in a transaction on Tuesday, November 19th. The shares were 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 of the company’s stock, valued at $642,249. This represents a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 440,211 shares of company stock worth $19,396,337. Company insiders own 4.16% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EXLS. Fiera Capital Corp lifted its holdings in shares of ExlService by 497.8% in the third quarter. Fiera Capital Corp now owns 800,763 shares of the business services provider’s stock worth $30,549,000 after acquiring an additional 666,805 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of ExlService by 1,216.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 530,290 shares of the business services provider’s stock valued at $20,231,000 after acquiring an additional 490,000 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in ExlService in the third quarter valued at about $17,198,000. Barclays PLC raised its holdings in ExlService by 62.6% in the 3rd quarter. Barclays PLC now owns 446,605 shares of the business services provider’s stock valued at $17,040,000 after buying an additional 171,912 shares during the last quarter. Finally, Castleark Management LLC acquired a new stake in ExlService during the 3rd quarter worth approximately $6,045,000. 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.