ExlService (NASDAQ:EXLS) Stock Price Up 12.5% – What’s Next?

ExlService Holdings, Inc. (NASDAQ:EXLS)’s stock price was up 12.5% during mid-day trading on Wednesday . The stock traded as high as $33.80 and last traded at $34.3530. 563,967 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 2,330,227 shares. The stock had previously closed at $30.53.

Wall Street Analyst Weigh In

EXLS has been the subject of a number of recent analyst reports. TD Cowen reiterated a “buy” rating and issued a $39.00 price objective (down from $45.00) on shares of ExlService in a report on Thursday, July 9th. Barrington Research restated an “outperform” rating and set a $40.00 target price on shares of ExlService in a research report on Thursday, June 25th. Weiss Ratings lowered ExlService from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 30th. Finally, JPMorgan Chase & Co. increased their price target on shares of ExlService from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.50.

ExlService Trading Up 15.8%

The business has a 50 day simple moving average of $28.00 and a 200-day simple moving average of $31.07. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 1.20 and a beta of 0.84. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Tuesday, April 28th. The business services provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. ExlService had a return on equity of 28.50% and a net margin of 11.66%.The business had revenue of $570.35 million for the quarter, compared to analysts’ expectations of $557.67 million. During the same quarter in the previous year, the business posted $0.48 EPS. ExlService’s revenue for the quarter was up 13.8% on a year-over-year basis. As a group, equities analysts expect that ExlService Holdings, Inc. will post 1.8 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Ajay Ayyappan sold 5,093 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $29.11, for a total value of $148,257.23. Following the completion of the transaction, the executive vice president owned 48,994 shares in the company, valued at $1,426,215.34. This represents a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vikas Bhalla sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $30.22, for a total transaction of $362,640.00. Following the completion of the transaction, the insider owned 153,295 shares of the company’s stock, valued at $4,632,574.90. This trade represents a 7.26% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.66% of the company’s stock.

Hedge Funds Weigh In On ExlService

A number of large investors have recently added to or reduced their stakes in EXLS. Transamerica Financial Advisors LLC raised its stake in shares of ExlService by 285.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 678 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 502 shares during the period. Private Trust Co. NA boosted its position in shares of ExlService by 56.2% during the fourth quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock worth $30,000 after buying an additional 258 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of ExlService during the fourth quarter worth about $33,000. Hantz Financial Services Inc. grew its holdings in shares of ExlService by 183.1% during the fourth quarter. Hantz Financial Services Inc. now owns 1,353 shares of the business services provider’s stock worth $57,000 after buying an additional 875 shares in the last quarter. Finally, Leonteq Securities AG bought a new position in shares of ExlService during the fourth quarter worth about $59,000. Institutional investors own 92.92% of the company’s stock.

ExlService Company Profile

ExlService Holdings, Inc (NASDAQ: EXLS) is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.