ExlService (NASDAQ:EXLS) Sets New 1-Year High – Should You Buy?

ExlService Holdings, Inc. (NASDAQ:EXLS)’s share price hit a new 52-week high during trading on Thursday. The stock 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 Analyst Weigh In

A number of research firms recently weighed in on EXLS. JPMorgan Chase & Co. boosted their target price on ExlService from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Thursday, October 29th. Barrington Research increased their price target on shares of ExlService from $43.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, October 29th. TD Cowen increased their price target on shares of ExlService from $45.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Needham & Company LLC lifted their price target on shares of ExlService from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, October 28th. Finally, Wall Street Zen raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, ExlService has a consensus rating of “Moderate Buy” and an average target price of $48.17.

ExlService Price Performance

The company has a market cap of $6.57 billion, a PE ratio of 25.98, a PEG ratio of 1.55 and a beta of 0.83. The firm’s 50-day moving average is $38.21 and its 200-day moving average is $32.83. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.54.

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

Insider Activity at ExlService

In related news, insider Vikas Bhalla sold 11,000 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $41.22, for a total value of $453,420.00. Following the transaction, the insider directly owned 98,295 shares of the company’s stock, valued at approximately $4,051,719.90. This trade represents a 10.06% decrease in their position. The sale was disclosed in a document filed 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. 3.66% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of ExlService during the second quarter valued at approximately $488,370,000. Bank of America Corp DE bought a new position in shares of ExlService during the second quarter worth $48,189,000. Bank of New York Mellon Corp bought a new position in shares of ExlService during the second quarter worth $25,214,000. Deutsche Bank AG purchased a new position in ExlService during the second quarter valued at $19,355,000. Finally, Bank of Nova Scotia purchased a new position in ExlService during the second quarter valued at $17,821,000. 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.