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

ExlService Holdings, Inc. (NASDAQ:EXLS) reached a new 52-week high during trading on Wednesday . The company traded as high as $47.37 and last traded at $46.50, with a volume of 120336 shares changing hands. The stock had previously closed at $47.02.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on EXLS shares. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and lifted their price target for the company from $35.00 to $42.00 in a research report on Monday, September 9th. StockNews.com cut ExlService from a “buy” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Robert W. Baird raised 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. Finally, Needham & Company LLC lifted their price objective on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $42.86.

ExlService Trading Down 0.9 %

The company’s fifty day moving average is $41.47 and its two-hundred day moving average is $35.88. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 40.87, a PEG ratio of 2.27 and a beta of 0.99.

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

Insiders Place Their Bets

In related news, CEO Rohit Kapoor sold 100,000 shares of ExlService stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total transaction of $4,687,000.00. Following the sale, the chief executive officer now directly owns 689,645 shares in the company, valued at $32,323,661.15. This trade represents a 12.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jaynie M. Studenmund sold 3,645 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total transaction of $160,562.25. Following the completion of the sale, the director now directly owns 14,580 shares of the company’s stock, valued at approximately $642,249. This trade represents a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 426,458 shares of company stock valued at $18,720,514 in the last ninety days. Insiders own 4.16% of the company’s stock.

Institutional Trading of ExlService

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in ExlService during the 3rd quarter worth approximately $27,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of ExlService by 164.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 574 shares during the period. Huntington National Bank grew its position in shares of 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 acquiring an additional 1,131 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of ExlService by 28.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 391 shares during the period. Finally, UMB Bank n.a. raised its position in ExlService by 29.7% in the 3rd quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 375 shares during the last quarter. Institutional investors and hedge funds 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.