ExlService (NASDAQ:EXLS) Reaches New 52-Week High at $105.12

ExlService Holdings, Inc. (NASDAQ:EXLS) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $105.12 and last traded at $105.12, with a volume of 1919 shares. The stock had previously closed at $103.44.

Several analysts recently weighed in on EXLS shares. William Blair restated an “outperform” rating on shares of ExlService in a research note on Thursday, February 25th. Bank of America raised ExlService from an “underperform” rating to a “neutral” rating and set a $102.00 price target for the company in a report on Wednesday, May 12th. Robert W. Baird reissued a “hold” rating on shares of ExlService in a report on Sunday, February 28th. Citigroup increased their target price on ExlService from $90.00 to $92.00 and gave the stock a “neutral” rating in a report on Monday, March 1st. Finally, Zacks Investment Research raised ExlService from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a report on Tuesday, June 1st. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $100.00.

The stock’s fifty day simple moving average is $97.37. The firm has a market capitalization of $3.52 billion, a PE ratio of 36.04, a price-to-earnings-growth ratio of 2.78 and a beta of 0.94. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.02 and a quick ratio of 3.02.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Thursday, April 29th. The business services provider reported $1.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.33. The firm had revenue of $261.42 million during the quarter, compared to analysts’ expectations of $253.13 million. ExlService had a return on equity of 15.57% and a net margin of 10.16%. On average, analysts anticipate that ExlService Holdings, Inc. will post 3.48 earnings per share for the current year.

In other news, EVP Vivek Jetley sold 1,000 shares of the firm’s stock in a transaction on Thursday, May 6th. The stock was sold at an average price of $97.50, for a total value of $97,500.00. Following the transaction, the executive vice president now directly owns 42,573 shares in the company, valued at approximately $4,150,867.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rohit Kapoor sold 33,824 shares of the firm’s stock in a transaction on Thursday, March 25th. The stock was sold at an average price of $90.24, for a total value of $3,052,277.76. Following the completion of the transaction, the chief executive officer now owns 186,080 shares in the company, valued at $16,791,859.20. The disclosure for this sale can be found here. Insiders sold a total of 87,239 shares of company stock worth $8,139,158 over the last quarter. Corporate insiders own 2.81% of the company’s stock.

Large investors have recently bought and sold shares of the company. Vantage Consulting Group Inc acquired a new stake in ExlService during the 4th quarter worth $40,000. Veriti Management LLC acquired a new stake in ExlService during the 4th quarter worth $97,000. DekaBank Deutsche Girozentrale acquired a new stake in ExlService during the 1st quarter worth $137,000. Quantbot Technologies LP raised its stake in ExlService by 2,321.4% during the 1st quarter. Quantbot Technologies LP now owns 1,695 shares of the business services provider’s stock worth $152,000 after buying an additional 1,625 shares during the period. Finally, FORA Capital LLC acquired a new stake in shares of ExlService in the 1st quarter valued at about $176,000. Institutional investors and hedge funds own 97.83% of the company’s stock.

ExlService Company Profile (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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