Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) reached a new 52-week high on Tuesday . The stock traded as high as $66.06 and last traded at $65.90, with a volume of 1773 shares traded. The stock had previously closed at $64.70.

Several research firms have weighed in on EXLS. ValuEngine raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Wednesday, July 11th. BidaskClub downgraded shares of ExlService from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Zacks Investment Research downgraded shares of ExlService from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd. Barrington Research set a $70.00 price target on shares of ExlService and gave the stock a “buy” rating in a research note on Friday, July 13th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $71.00 price target on shares of ExlService in a research note on Thursday, August 2nd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $64.00.

The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.57 and a current ratio of 3.57. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 25.79, a price-to-earnings-growth ratio of 2.26 and a beta of 1.29.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Thursday, August 2nd. The business services provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.14. ExlService had a net margin of 6.11% and a return on equity of 14.25%. The firm had revenue of $210.11 million for the quarter, compared to analysts’ expectations of $209.30 million. During the same quarter in the previous year, the company earned $0.70 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. equities analysts anticipate that ExlService Holdings, Inc. will post 2.22 EPS for the current fiscal year.

In other ExlService news, EVP Vikas Bhalla sold 6,122 shares of the business’s stock in a transaction dated Monday, July 9th. The shares were sold at an average price of $60.00, for a total value of $367,320.00. Following the transaction, the executive vice president now owns 4,615 shares in the company, valued at $276,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vishal Chhibbar sold 2,761 shares of the business’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $63.00, for a total transaction of $173,943.00. Following the completion of the transaction, the chief financial officer now owns 8,600 shares in the company, valued at approximately $541,800. The disclosure for this sale can be found here. Insiders sold 140,496 shares of company stock worth $8,816,708 in the last 90 days. Corporate insiders own 4.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in EXLS. Fenimore Asset Management Inc. purchased a new position in shares of ExlService in the second quarter valued at about $10,477,000. Atria Investments LLC purchased a new position in shares of ExlService in the second quarter valued at about $322,000. Bank of Montreal Can purchased a new position in shares of ExlService in the second quarter valued at about $286,000. Acadian Asset Management LLC purchased a new position in shares of ExlService in the second quarter valued at about $472,000. Finally, Tributary Capital Management LLC increased its position in shares of ExlService by 9.5% in the second quarter. Tributary Capital Management LLC now owns 350,982 shares of the business services provider’s stock valued at $19,869,000 after acquiring an additional 30,329 shares during the period. Hedge funds and other institutional investors own 91.45% of the company’s stock.

About ExlService (NASDAQ:EXLS)

ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.

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