ExlService (NASDAQ:EXLS) Sets New 12-Month High at $36.91

ExlService Holdings, Inc. (NASDAQ:EXLS)’s share price hit a new 52-week high on Friday . The company traded as high as $36.91 and last traded at $36.81, with a volume of 462427 shares trading hands. The stock had previously closed at $36.68.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Citigroup upped their target price on ExlService from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Needham & Company LLC reissued a “buy” rating and set a $40.00 price target on shares of ExlService in a research note on Friday, August 2nd. Finally, Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and upped their price objective for the company from $35.00 to $42.00 in a research note on Monday, September 9th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.67.

ExlService Stock Performance

The company has a market capitalization of $6.14 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 1.89 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 company’s 50-day moving average price is $35.15 and its two-hundred day moving average price is $32.08.

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

Insider Transactions at ExlService

In other news, insider Vivek Jetley sold 2,015 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $35.75, for a total transaction of $72,036.25. Following the transaction, the insider now owns 326,642 shares in the company, valued at $11,677,451.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Narasimha Kini sold 8,435 shares of ExlService stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $33.00, for a total transaction of $278,355.00. Following the completion of the transaction, the executive vice president now directly owns 179,038 shares in the company, valued at $5,908,254. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vivek Jetley sold 2,015 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $35.75, for a total transaction of $72,036.25. Following the completion of the sale, the insider now owns 326,642 shares in the company, valued at approximately $11,677,451.50. The disclosure for this sale can be found here. Insiders sold a total of 163,625 shares of company stock valued at $5,685,581 in the last quarter. 3.75% of the stock is currently owned by company insiders.

Institutional Trading of ExlService

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. boosted its position in shares of ExlService by 164.0% during 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 buying an additional 574 shares during the last quarter. New Covenant Trust Company N.A. purchased a new position in ExlService during the 1st quarter worth $30,000. Principal Securities Inc. bought a new stake in shares of ExlService in the 4th quarter worth $34,000. Parallel Advisors LLC raised its holdings in shares of ExlService by 44.6% in the fourth quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 366 shares during the last quarter. Finally, Grayhawk Investment Strategies Inc. bought a new position in shares of ExlService during the fourth quarter valued at about $42,000. 92.92% of the stock is owned by institutional investors.

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.