ExlService (NASDAQ:EXLS) Hits New 52-Week High - Here's What Happened

ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $50.27 and last traded at $50.42, with a volume of 154844 shares trading hands. The stock had previously closed at $49.54.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EXLS. Jefferies Financial Group boosted their price objective on shares of ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. StockNews.com downgraded shares of ExlService from a "buy" rating to a "hold" rating in a research note on Saturday, January 25th. Citigroup lifted their target price on ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a research note on Monday, October 14th. Needham & Company LLC increased their price target on ExlService from $40.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, Robert W. Baird boosted their price objective on shares of ExlService from $40.00 to $44.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $45.00.

ExlService Trading Down 0.6 %

The firm has a market cap of $8.08 billion, a PE ratio of 44.05, a PEG ratio of 2.09 and a beta of 1.02. 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 business has a 50-day moving average price of $46.33 and a two-hundred day moving average price of $40.84.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings data 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 net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $472.07 million during the quarter, compared to analysts' expectations of $460.73 million. During the same period last year, the company posted $0.30 EPS. The company's revenue was up 14.9% on a year-over-year basis. Analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Activity at ExlService

In other ExlService news, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $45.66, for a total transaction of $4,566,000.00. Following the transaction, the chief executive officer now owns 789,645 shares of the company's stock, valued at $36,055,190.70. This trade represents a 11.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Vikas Bhalla sold 22,813 shares of the business's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $41.86, for a total transaction of $954,952.18. Following the sale, the insider now directly owns 102,825 shares of the company's stock, valued at $4,304,254.50. This represents a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 340,211 shares of company stock valued at $15,251,337. 4.16% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new position in shares of ExlService in the 4th quarter worth about $25,000. Kestra Investment Management LLC purchased a new position in ExlService in the fourth quarter valued at approximately $26,000. Ashton Thomas Securities LLC acquired a new position in ExlService during 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 worth $45,000 after buying an additional 1,131 shares during the period. Finally, USA Financial Formulas acquired a new stake in shares of ExlService in the fourth quarter worth $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.