ExlService (NASDAQ:EXLS) Reaches New 52-Week High - Time to Buy?

ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The company 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.

Analysts Set New Price Targets

EXLS has been the subject of a number of recent analyst reports. StockNews.com raised ExlService from a "hold" rating to a "buy" rating in a report on Sunday, February 2nd. Citigroup lifted their price target on ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a report on Monday, October 14th. Robert W. Baird increased their price objective on shares of ExlService from $40.00 to $44.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Needham & Company LLC upped their target price 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. Finally, Jefferies Financial Group increased their price target on shares of ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, ExlService currently has an average rating of "Moderate Buy" and an average target price of $45.00.

ExlService Stock Performance

The stock's 50 day moving average is $46.78 and its two-hundred day moving average is $41.43. 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 $8.27 billion, a P/E ratio of 45.09, a P/E/G ratio of 2.10 and a beta of 1.03.

Insider Transactions at ExlService

In other ExlService news, Director Jaynie M. Studenmund sold 3,645 shares of the company's stock in a transaction that occurred 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 sale, the director now owns 14,580 shares of the company's stock, valued at approximately $642,249. This represents a 20.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Maurizio Nicolelli sold 13,753 shares of ExlService stock in a transaction on 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 directly owns 194,440 shares in the company, valued at approximately $9,554,781.60. This represents a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 117,398 shares of company stock worth $5,523,385 in the last three months. Insiders own 4.16% of the company's stock.

Institutional Trading of ExlService

Several hedge funds have recently added to or reduced their stakes in the business. Mather Group LLC. acquired a new position in shares of ExlService in the 4th quarter valued at approximately $25,000. Kestra Investment Management LLC bought a new stake in ExlService in the 4th quarter valued at $26,000. Ashton Thomas Securities LLC acquired a new position in ExlService in the 3rd quarter worth $27,000. Huntington National Bank increased its holdings in ExlService by 2,827.5% during the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider's stock worth $45,000 after purchasing an additional 1,131 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in shares of ExlService in the fourth quarter valued at about $58,000. Institutional investors and hedge funds own 92.92% of the company's stock.

About ExlService

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.