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

ExlService Holdings, Inc. (NASDAQ:EXLS)’s share price hit a new 52-week high on Thursday. The company traded as high as $44.36 and last traded at $43.7820, with a volume of 43,822 shares changing hands. The stock had previously closed at $43.92.

Wall Street Analysts Forecast Growth

EXLS has been the topic of a number of research reports. JPMorgan Chase & Co. lifted their price objective on ExlService from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Thursday, October 29th. Barrington Research increased their target price on ExlService from $43.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, October 29th. Wall Street Zen raised shares of ExlService from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Weiss Ratings raised shares of ExlService from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, October 26th. Finally, Stifel Nicolaus boosted their price target on shares of ExlService from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $48.17.

ExlService Price Performance

The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $6.57 billion, a P/E ratio of 25.98, a price-to-earnings-growth ratio of 1.55 and a beta of 0.83. The stock has a 50 day moving average of $38.21 and a 200-day moving average of $32.83.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, October 27th. The business services provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.06. ExlService had a net margin of 11.13% and a return on equity of 32.53%. The firm had revenue of $633.96 million during the quarter, compared to the consensus estimate of $615.51 million. During the same quarter in the previous year, the firm posted $0.48 earnings per share. The company’s revenue was up 19.7% on a year-over-year basis. On average, equities research analysts anticipate that ExlService Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

Insider Activity at ExlService

In related news, insider Vikas Bhalla sold 11,000 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $41.22, for a total value of $453,420.00. Following the transaction, the insider owned 98,295 shares in the company, valued at approximately $4,051,719.90. This represents a 10.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.66% of the company’s stock.

Institutional Trading of ExlService

A number of institutional investors and hedge funds have recently modified their holdings of EXLS. Hsbc Holdings PLC increased its position in shares of ExlService by 32.7% during the second quarter. Hsbc Holdings PLC now owns 330,181 shares of the business services provider’s stock worth $8,391,000 after purchasing an additional 81,379 shares in the last quarter. Legal & General Group Plc acquired a new position in ExlService in the 2nd quarter valued at $5,429,000. Squarepoint Ops LLC lifted its holdings in ExlService by 85.0% in the 2nd quarter. Squarepoint Ops LLC now owns 201,805 shares of the business services provider’s stock valued at $5,219,000 after purchasing an additional 92,697 shares in the last quarter. Walleye Capital LLC lifted its holdings in ExlService by 1,422.3% in the 1st quarter. Walleye Capital LLC now owns 244,509 shares of the business services provider’s stock valued at $7,445,000 after purchasing an additional 228,447 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new position in ExlService in the 1st quarter valued at $3,794,000. Hedge funds and other institutional investors own 92.92% of the company’s stock.

ExlService Company Profile

ExlService Holdings, commonly known as EXL, is a global data analytics and digital operations company. Founded in 1999, it helps organizations use data, technology and artificial intelligence to improve business processes and customer experiences. EXL provides services including data and analytics, consulting, automation and business process management. Its work spans industries such as insurance, healthcare, banking and financial services, utilities, retail and travel. The company serves clients in multiple countries through a global network of delivery centers.