ExlService Holdings, Inc. (NASDAQ:EXLS – Get Free Report) hit a new 52-week low during trading on Friday after TD Cowen lowered their price target on the stock from $195.00 to $190.00. TD Cowen currently has an outperform rating on the stock. ExlService traded as low as $142.47 and last traded at $142.61, with a volume of 223208 shares trading hands. The stock had previously closed at $145.27.
Other analysts have also issued reports about the company. Citigroup decreased their price objective on ExlService from $175.00 to $162.00 and set a “neutral” rating on the stock in a research note on Friday. StockNews.com lowered ExlService from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. JPMorgan Chase & Co. decreased their target price on ExlService from $201.00 to $171.00 and set an “overweight” rating on the stock in a research note on Friday. Needham & Company LLC restated a “buy” rating and issued a $200.00 target price on shares of ExlService in a research note on Friday. Finally, Robert W. Baird decreased their target price on ExlService from $185.00 to $180.00 in a research note on Monday, July 17th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, ExlService has an average rating of “Moderate Buy” and a consensus target price of $178.29.
Insider Activity
In other news, Director Clyde W. Ostler sold 1,402 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $178.11, for a total value of $249,710.22. Following the completion of the transaction, the director now owns 15,843 shares in the company, valued at approximately $2,821,796.73. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Clyde W. Ostler sold 1,402 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $178.11, for a total value of $249,710.22. Following the transaction, the director now owns 15,843 shares in the company, valued at approximately $2,821,796.73. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Anne Elizabeth Minto sold 557 shares of the company’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $152.74, for a total transaction of $85,076.18. Following the completion of the transaction, the director now owns 2,533 shares in the company, valued at approximately $386,890.42. The disclosure for this sale can be found here. 3.75% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On ExlService
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fort Washington Investment Advisors Inc. OH lifted its stake in ExlService by 16.7% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 91,820 shares of the business services provider’s stock valued at $13,870,000 after acquiring an additional 13,160 shares during the period. Shell Asset Management Co. lifted its stake in ExlService by 28.1% during the 2nd quarter. Shell Asset Management Co. now owns 3,460 shares of the business services provider’s stock valued at $523,000 after acquiring an additional 759 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of ExlService by 1.0% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 9,749 shares of the business services provider’s stock worth $1,473,000 after purchasing an additional 100 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of ExlService by 16.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 1,986 shares of the business services provider’s stock worth $300,000 after purchasing an additional 286 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of ExlService by 19.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,923 shares of the business services provider’s stock worth $290,000 after purchasing an additional 311 shares during the period. Institutional investors own 92.96% of the company’s stock.
ExlService Stock Down 2.1 %
The company’s 50 day moving average price is $153.65 and its two-hundred day moving average price is $160.76. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.20. The stock has a market cap of $4.73 billion, a P/E ratio of 31.24, a PEG ratio of 1.97 and a beta of 0.99.
ExlService’s stock is scheduled to split before the market opens on Wednesday, August 2nd. The 5-1 split was announced on Thursday, July 13th. The newly created shares will be distributed to shareholders after the closing bell on Tuesday, August 1st.
ExlService (NASDAQ:EXLS – Get Free Report) last issued its quarterly earnings data on Thursday, April 27th. The business services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. ExlService had a net margin of 10.66% and a return on equity of 23.43%. The firm had revenue of $400.64 million for the quarter, compared to analysts’ expectations of $377.55 million. Equities analysts forecast that ExlService Holdings, Inc. will post 5.53 earnings per share for the current year.
About ExlService
ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. It operates through Insurance, Healthcare, Analytics, and Emerging Business segments. The company provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.