ExlService Holdings Inc. (NASDAQ:EXLS) hit a new 52-week high during trading on Monday . The company traded as high as $54.00 and last traded at $53.91, with a volume of 67,356 shares changing hands. The stock had previously closed at $53.86.

EXLS has been the topic of a number of recent research reports. Zacks Investment Research upgraded ExlService Holdings from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Tuesday, April 26th. Cantor Fitzgerald reiterated a “buy” rating on shares of ExlService Holdings in a research report on Monday, May 2nd. Citigroup Inc. upped their target price on ExlService Holdings from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, May 27th. Robert W. Baird reiterated a “buy” rating on shares of ExlService Holdings in a research report on Monday, May 16th. Finally, Goldman Sachs Group Inc. upped their target price on ExlService Holdings from $26.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, March 28th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $49.80.

The firm has a market capitalization of $1.80 billion and a price-to-earnings ratio of 33.10. The firm has a 50-day moving average of $51.52 and a 200 day moving average of $48.37.

ExlService Holdings (NASDAQ:EXLS) last issued its earnings results on Thursday, April 28th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.03. The business had revenue of $167 million for the quarter, compared to analyst estimates of $165.01 million. During the same period last year, the business posted $0.41 EPS. ExlService Holdings’s revenue was up 16.4% on a year-over-year basis. On average, analysts anticipate that ExlService Holdings Inc. will post $2.33 earnings per share for the current year.

In other ExlService Holdings news, EVP Nancy Saltzman sold 2,521 shares of ExlService Holdings stock in a transaction that occurred on Monday, April 25th. The stock was sold at an average price of $50.44, for a total transaction of $127,159.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Vishal Chhibbar sold 4,053 shares of ExlService Holdings stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $52.36, for a total value of $212,215.08. Following the transaction, the chief financial officer now directly owns 3,970 shares in the company, valued at approximately $207,869.20. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in EXLS. J. Goldman & Co LP purchased a new position in ExlService Holdings during the fourth quarter valued at approximately $5,570,000. Aberdeen Asset Management PLC UK purchased a new position in ExlService Holdings during the fourth quarter valued at approximately $5,770,000. Principal Financial Group Inc. raised its position in ExlService Holdings by 3.7% in the fourth quarter. Principal Financial Group Inc. now owns 226,520 shares of the company’s stock valued at $10,177,000 after buying an additional 8,140 shares during the period. Wells Fargo & Company MN raised its position in ExlService Holdings by 204.6% in the fourth quarter. Wells Fargo & Company MN now owns 45,969 shares of the company’s stock valued at $2,065,000 after buying an additional 30,876 shares during the period. Finally, Bank of Montreal Can raised its position in ExlService Holdings by 166.9% in the fourth quarter. Bank of Montreal Can now owns 40,728 shares of the company’s stock valued at $1,831,000 after buying an additional 25,469 shares during the period.

ExlService Holdings, Inc (EXL) provides business process solutions. The Company’s business is divided into two reporting segments: Operations Management (previously Outsourcing Services) and Analytics and Business Transformation (previously Transformation Services). It provides Operations Management solutions to sectors, including insurance, healthcare, utilities, banking and financial services, and travel, transportation and logistics sectors, as well as cross-industry operations management solutions, such as finance and accounting services.

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