ExlService (NASDAQ:EXLS) Hits New 1-Year High – What’s Next?

ExlService Holdings, Inc. (NASDAQ:EXLS)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $47.93 and last traded at $47.31, with a volume of 57695 shares traded. The stock had previously closed at $47.06.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EXLS. Robert W. Baird boosted their price target on 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 ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Citigroup increased their price target on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Finally, StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.86.

ExlService Trading Up 0.8 %

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 firm has a market cap of $7.64 billion, a P/E ratio of 41.63, a price-to-earnings-growth ratio of 1.89 and a beta of 1.02. The firm’s 50-day simple moving average is $45.58 and its 200 day simple moving average is $39.63.

ExlService (NASDAQ:EXLS) last posted its quarterly 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. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company had revenue of $472.07 million for the quarter, compared to analyst estimates of $460.73 million. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. As a group, analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Buying and Selling at ExlService

In other news, Director Jaynie M. Studenmund sold 3,645 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total transaction of $160,562.25. Following the transaction, the director now directly owns 14,580 shares of the company’s stock, valued at $642,249. This represents a 20.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Rohit Kapoor sold 100,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $41.45, for a total value of $4,145,000.00. Following the transaction, the chief executive officer now directly owns 1,290,240 shares in the company, valued at approximately $53,480,448. The trade was a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 426,458 shares of company stock worth $18,720,514 over the last ninety days. Insiders own 4.16% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp lifted its holdings in shares of ExlService by 3.2% during the second quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock valued at $238,869,000 after purchasing an additional 233,108 shares in the last quarter. State Street Corp lifted its holdings in shares of ExlService by 1.0% during the third quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock valued at $222,693,000 after purchasing an additional 59,196 shares in the last quarter. Geneva Capital Management LLC lifted its holdings in shares of ExlService by 1.9% during the third quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock valued at $179,092,000 after purchasing an additional 87,592 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of ExlService by 3.6% during the third quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock valued at $165,083,000 after purchasing an additional 149,856 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in ExlService by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,468,039 shares of the business services provider’s stock valued at $108,756,000 after acquiring an additional 88,759 shares during the period. 92.92% of the stock is owned by institutional investors.

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.