ExlService Holdings, Inc. (NASDAQ:EXLS – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Thursday. The company traded as high as $43.90 and last traded at $43.6460, with a volume of 62,351 shares. The stock had previously closed at $43.12.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. Needham & Company LLC raised their price target on shares of ExlService from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, October 28th. Wall Street Zen upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Robert W. Baird set a $45.00 target price on ExlService and gave the company an “outperform” rating in a report on Thursday, July 30th. Stifel Nicolaus upped their price target on ExlService from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. Finally, TD Cowen lifted their price objective on ExlService from $45.00 to $49.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $48.17.
View Our Latest Report on ExlService
ExlService Trading Up 2.3%
The stock has a market capitalization of $6.65 billion, a PE ratio of 26.12, a PEG ratio of 1.47 and a beta of 0.83. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.54. The business’s 50-day moving average is $37.64 and its two-hundred day moving average is $32.80.
ExlService (NASDAQ:EXLS – Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The business services provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.06. The company had revenue of $633.96 million for the quarter, compared to analyst estimates of $615.51 million. ExlService had a return on equity of 32.53% and a net margin of 11.13%. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.48 earnings per share. On average, analysts anticipate that ExlService Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.
Insider Buying and Selling at ExlService
In other news, insider Vikas Bhalla sold 11,000 shares of the business’s stock in a transaction that occurred 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 owned 98,295 shares of the company’s stock, valued at approximately $4,051,719.90. The trade was a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.66% of the company’s stock.
Institutional Investors Weigh In On ExlService
Several large investors have recently modified their holdings of the stock. Versant Capital Management Inc increased its stake in ExlService by 14.6% during the third quarter. Versant Capital Management Inc now owns 2,261 shares of the business services provider’s stock valued at $78,000 after acquiring an additional 288 shares during the period. QRG Capital Management Inc. grew its holdings in shares of ExlService by 3.2% during the 2nd quarter. QRG Capital Management Inc. now owns 14,604 shares of the business services provider’s stock worth $378,000 after purchasing an additional 447 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of ExlService by 1.6% during the first quarter. Oregon Public Employees Retirement Fund now owns 32,241 shares of the business services provider’s stock valued at $982,000 after purchasing an additional 500 shares during the period. Signature Equity Partners LLC increased its position in shares of ExlService by 65.7% during the third quarter. Signature Equity Partners LLC now owns 1,337 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 530 shares during the period. Finally, Gibbs Wealth Management increased its position in shares of ExlService by 5.4% during the third quarter. Gibbs Wealth Management now owns 10,402 shares of the business services provider’s stock valued at $358,000 after purchasing an additional 535 shares during the period. Hedge funds and other institutional investors own 92.92% of the company’s stock.
About ExlService
ExlService Holdings, Inc, operating under the EXL brand, is a data analytics and digital operations company that helps businesses use data, technology and artificial intelligence to improve decision-making, manage risk and enhance operational performance. Its services include data management, advanced analytics, business process solutions, automation and technology-enabled transformation.
EXL serves clients across industries including insurance, healthcare, banking and capital markets, utilities, travel and transportation, retail, media and manufacturing.
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