ExlService (NASDAQ:EXLS) Sets New 1-Year High at $35.80

ExlService Holdings, Inc. (NASDAQ:EXLS) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $35.80 and last traded at $35.77, with a volume of 742962 shares changing hands. The stock had previously closed at $34.59.

Analyst Ratings Changes

EXLS has been the topic of several recent analyst reports. Wedbush upgraded shares of ExlService from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $34.00 to $40.00 in a report on Wednesday, May 8th. Citigroup upped their price objective on shares of ExlService from $37.00 to $38.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of ExlService in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $37.33.

ExlService Trading Up 3.5 %

The company’s fifty day moving average is $32.20 and its two-hundred day moving average is $31.15. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.54 and a current ratio of 2.45. The company has a market cap of $6.00 billion, a price-to-earnings ratio of 33.12, a P/E/G ratio of 1.74 and a beta of 1.00.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. ExlService had a return on equity of 22.92% and a net margin of 10.45%. The business had revenue of $448.40 million for the quarter, compared to analyst estimates of $444.61 million. During the same quarter in the prior year, the firm posted $0.31 EPS. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, research analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insiders Place Their Bets

In other ExlService news, CEO Rohit Kapoor sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $34.05, for a total value of $1,362,000.00. Following the sale, the chief executive officer now owns 1,509,588 shares in the company, valued at approximately $51,401,471.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Rohit Kapoor sold 40,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $34.05, for a total transaction of $1,362,000.00. Following the transaction, the chief executive officer now owns 1,509,588 shares in the company, valued at approximately $51,401,471.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Vivek Jetley sold 4,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $30.28, for a total value of $121,120.00. Following the transaction, the insider now owns 333,847 shares in the company, valued at approximately $10,108,887.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 156,777 shares of company stock worth $5,164,208. Corporate insiders own 3.75% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. raised its stake in ExlService by 164.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 574 shares during the last quarter. New Covenant Trust Company N.A. acquired a new position in ExlService in the 1st quarter valued at $30,000. Principal Securities Inc. acquired a new position in ExlService in the 4th quarter valued at $34,000. Parallel Advisors LLC raised its stake in ExlService by 44.6% in the 4th 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. acquired a new position in ExlService in the 4th quarter valued at $42,000. Hedge funds and other 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.