ExlService (NASDAQ:EXLS) Sets New 12-Month High – What’s Next?

ExlService Holdings, Inc. (NASDAQ:EXLS)’s share price reached a new 52-week high on Monday . The stock traded as high as $51.10 and last traded at $50.91, with a volume of 304867 shares traded. The stock had previously closed at $50.26.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EXLS. Jefferies Financial Group boosted their target price on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Needham & Company LLC increased their price target on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Citigroup upped their target price on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Robert W. Baird boosted their price objective on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.00.

ExlService Price Performance

The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $8.20 billion, a PE ratio of 44.69, a price-to-earnings-growth ratio of 2.10 and a beta of 1.03. The firm has a 50 day moving average price of $46.41 and a 200 day moving average price of $41.05.

Insider Transactions at ExlService

In other ExlService news, CFO Maurizio Nicolelli sold 13,753 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the sale, the chief financial officer now directly owns 194,440 shares in the company, valued at $9,554,781.60. This represents a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $45.66, for a total value of $4,566,000.00. Following the sale, the chief executive officer now owns 789,645 shares in the company, valued at $36,055,190.70. The trade was a 11.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 217,398 shares of company stock valued at $10,089,385. 4.16% of the stock is currently owned by corporate insiders.

Institutional Trading of ExlService

A number of hedge funds and other institutional investors have recently bought and sold shares of EXLS. State Street Corp increased its stake in ExlService by 1.0% in the 3rd quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock worth $222,693,000 after buying an additional 59,196 shares during the period. Geneva Capital Management LLC lifted its stake in ExlService by 1.9% in the third quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock worth $179,092,000 after acquiring an additional 87,592 shares during the period. Geode Capital Management LLC increased its position in ExlService by 3.6% during the 3rd 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 during the period. Thrivent Financial for Lutherans increased its holdings in ExlService by 0.8% during the third quarter. Thrivent Financial for Lutherans now owns 2,747,332 shares of the business services provider’s stock valued at $104,810,000 after buying an additional 21,358 shares during the period. Finally, Handelsbanken Fonder AB raised its position in shares of ExlService by 313.9% in the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider’s stock worth $97,400,000 after acquiring an additional 1,664,400 shares in the last quarter. Hedge funds and other 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.