ExlService (NASDAQ:EXLS) Sets New 1-Year High - Should You Buy?

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $41.17 and last traded at $41.17, with a volume of 124128 shares traded. The stock had previously closed at $39.02.

Analyst Upgrades and Downgrades

EXLS has been the subject of a number of research reports. Needham & Company LLC restated a "buy" rating and issued a $40.00 price target on shares of ExlService in a report on Friday, August 2nd. Robert W. Baird raised their target price on ExlService from $35.00 to $40.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. upped their price target on ExlService from $38.00 to $41.00 and gave the stock an "overweight" rating in a research note on Friday, September 6th. Jefferies Financial Group upgraded ExlService from a "hold" rating to a "buy" rating and increased their price target for the stock from $35.00 to $42.00 in a report on Monday, September 9th. Finally, Citigroup boosted their price objective on ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a report on Monday, October 14th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, ExlService has an average rating of "Moderate Buy" and a consensus target price of $40.86.

ExlService Stock Up 6.7 %

The company has a market cap of $6.98 billion, a P/E ratio of 38.94, a price-to-earnings-growth ratio of 2.07 and a beta of 1.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.45 and a quick ratio of 2.45. The stock has a fifty day moving average price of $37.59 and a two-hundred day moving average price of $33.61.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. The firm had revenue of $448.40 million for the quarter, compared to the consensus estimate of $444.61 million. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The business's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 EPS. On average, research analysts expect that ExlService Holdings, Inc. will post 1.28 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Rohit Kapoor sold 35,000 shares of ExlService stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the sale, the chief executive officer now directly owns 1,424,588 shares in the company, valued at approximately $51,541,593.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Rohit Kapoor sold 35,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the completion of the transaction, the chief executive officer now directly owns 1,424,588 shares of the company's stock, valued at $51,541,593.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ajay Ayyappan sold 21,000 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $34.38, for a total value of $721,980.00. Following the transaction, the executive vice president now directly owns 29,909 shares of the company's stock, valued at approximately $1,028,271.42. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 134,875 shares of company stock valued at $4,716,859 in the last 90 days. 3.75% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ExlService

Hedge funds and other institutional investors have recently bought and sold shares of the business. William Blair Investment Management LLC boosted its position in shares of ExlService by 46.5% in the second quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider's stock valued at $159,871,000 after acquiring an additional 1,618,003 shares during the period. Silvercrest Asset Management Group LLC bought a new position in ExlService in the 1st quarter valued at $19,417,000. Handelsbanken Fonder AB grew its position 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 purchasing an additional 490,000 shares in the last quarter. Geneva Capital Management LLC grew its position in shares of ExlService by 8.7% during the 1st quarter. Geneva Capital Management LLC now owns 4,585,428 shares of the business services provider's stock valued at $145,817,000 after purchasing an additional 365,776 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of ExlService by 156.5% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 418,100 shares of the business services provider's stock worth $13,296,000 after buying an additional 255,100 shares in the last quarter. 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.