ExlService (NASDAQ:EXLS) Reaches New 52-Week High - Here's Why

ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $42.67 and last traded at $42.52, with a volume of 105117 shares changing hands. The stock had previously closed at $42.12.

Analysts Set New Price Targets

EXLS has been the topic of several recent analyst reports. Jefferies Financial Group raised ExlService from a "hold" rating to a "buy" rating and increased their price objective for the company from $35.00 to $42.00 in a research report on Monday, September 9th. Citigroup increased their target price on ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a report on Monday, October 14th. StockNews.com raised ExlService from a "hold" rating to a "buy" rating in a report on Monday. Needham & Company LLC increased their target price on ExlService from $40.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. increased their target price on ExlService from $38.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, September 6th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, ExlService has a consensus rating of "Moderate Buy" and a consensus target price of $42.86.

ExlService Price Performance

The firm has a 50 day moving average price of $38.06 and a 200 day moving average price of $33.96. The stock has a market cap of $6.93 billion, a P/E ratio of 37.50, a P/E/G ratio of 2.00 and a beta of 0.99. 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 - Get Free Report) last issued its earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. The company had revenue of $472.07 million for the quarter, compared to the consensus estimate of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The firm's quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the company earned $0.30 EPS. On average, analysts forecast that ExlService Holdings, Inc. will post 1.28 EPS for the current fiscal year.

Insider Activity at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 21,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $34.38, for a total transaction of $721,980.00. Following the completion of the transaction, the executive vice president now owns 29,909 shares in the company, valued at $1,028,271.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other ExlService news, EVP Ajay Ayyappan sold 21,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $34.38, for a total transaction of $721,980.00. Following the completion of the transaction, the executive vice president now owns 29,909 shares in the company, valued at $1,028,271.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Rohit Kapoor sold 40,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 1,509,588 shares of the company's stock, valued at $51,401,471.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 234,875 shares of company stock valued at $8,861,859. 4.16% of the stock is owned by company insiders.

Hedge Funds Weigh In On ExlService

Institutional investors and hedge funds have recently modified their holdings of the stock. Ashton Thomas Securities LLC purchased a new position in shares of ExlService in the 3rd quarter worth approximately $27,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of ExlService by 164.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider's stock worth $29,000 after acquiring an additional 574 shares during the last quarter. New Covenant Trust Company N.A. bought a new stake in shares of ExlService during the 1st quarter worth approximately $30,000. Fidelis Capital Partners LLC bought a new stake in shares of ExlService during the 1st quarter worth approximately $43,000. Finally, Headlands Technologies LLC lifted its stake in shares of ExlService by 269.0% during the 1st quarter. Headlands Technologies LLC now owns 1,594 shares of the business services provider's stock worth $51,000 after acquiring an additional 1,162 shares during the last quarter. Hedge funds and other 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.