ExlService (NASDAQ:EXLS) Hits New 1-Year High – Here’s Why

ExlService Holdings, Inc. (NASDAQ:EXLS) shares reached a new 52-week high on Tuesday . The stock traded as high as $42.67 and last traded at $42.52, with a volume of 105117 shares. The stock had previously closed at $42.12.

Analysts Set New Price Targets

A number of research analysts have weighed in on EXLS shares. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Monday. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and raised their price target for the company from $35.00 to $42.00 in a research report on Monday, September 9th. Citigroup boosted their price objective on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. JPMorgan Chase & Co. increased their price objective on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Finally, Needham & Company LLC lifted their target price on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, ExlService has an average rating of “Moderate Buy” and a consensus target price of $42.86.

ExlService Stock Performance

The company’s 50 day simple moving average is $38.37 and its 200 day simple moving average is $34.14. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The stock has a market cap of $7.26 billion, a PE ratio of 39.61, a price-to-earnings-growth ratio of 2.05 and a beta of 0.99.

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

Insider Activity

In related news, insider Vikas Bhalla sold 11,190 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $34.25, for a total value of $383,257.50. Following the transaction, the insider now directly owns 100,866 shares of the company’s stock, valued at approximately $3,454,660.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Anita Mahon sold 25,670 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $35.50, for a total transaction of $911,285.00. Following the sale, the executive vice president now directly owns 68,857 shares in the company, valued at approximately $2,444,423.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Vikas Bhalla sold 11,190 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $34.25, for a total value of $383,257.50. Following the sale, the insider now owns 100,866 shares in the company, valued at approximately $3,454,660.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 296,688 shares of company stock valued at $11,939,831 in the last ninety days. 4.16% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Chartwell Investment Partners LLC lifted its stake in ExlService by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider’s stock worth $1,196,000 after purchasing an additional 254 shares in the last quarter. Azzad Asset Management Inc. ADV increased its position in shares of ExlService by 1.1% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider’s stock valued at $944,000 after purchasing an additional 261 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of ExlService by 3.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider’s stock worth $279,000 after acquiring an additional 291 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in ExlService by 5.2% in the second quarter. V Square Quantitative Management LLC now owns 7,123 shares of the business services provider’s stock worth $223,000 after purchasing an additional 349 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in shares of ExlService by 29.7% during the third quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock valued at $62,000 after buying an additional 375 shares during the last quarter. Institutional investors 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.