ExlService (NASDAQ:EXLS) Hits New 1-Year Low – Time to Sell?

ExlService Holdings, Inc. (NASDAQ:EXLS) shares reached a new 52-week low on Tuesday . The company traded as low as $35.95 and last traded at $35.8210, with a volume of 703245 shares trading hands. The stock had previously closed at $39.77.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on EXLS shares. Wall Street Zen lowered shares of ExlService from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of ExlService in a report on Thursday, January 22nd. Finally, TD Cowen lowered their price objective on shares of ExlService from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, January 9th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, ExlService presently has a consensus rating of “Moderate Buy” and an average price target of $53.00.

ExlService Stock Down 18.7%

The company has a debt-to-equity ratio of 0.43, a current ratio of 2.91 and a quick ratio of 2.91. The company has a market cap of $5.13 billion, a P/E ratio of 22.00, a PEG ratio of 1.58 and a beta of 0.89. The stock has a 50-day moving average of $41.64 and a 200 day moving average of $41.89.

Insider Buying and Selling at ExlService

In related news, insider Vikas Bhalla sold 11,774 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $39.99, for a total value of $470,842.26. Following the completion of the sale, the insider directly owned 115,272 shares of the company’s stock, valued at $4,609,727.28. The trade was a 9.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ajay Ayyappan sold 8,114 shares of the stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $42.53, for a total transaction of $345,088.42. Following the completion of the sale, the executive vice president owned 53,515 shares of the company’s stock, valued at approximately $2,275,992.95. This represents a 13.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.04% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ExlService

Institutional investors and hedge funds have recently modified their holdings of the stock. Diversify Wealth Management LLC lifted its stake in shares of ExlService by 7.2% in the 4th quarter. Diversify Wealth Management LLC now owns 24,475 shares of the business services provider’s stock valued at $1,020,000 after purchasing an additional 1,644 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of ExlService by 73.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 19,166 shares of the business services provider’s stock valued at $813,000 after purchasing an additional 8,105 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in ExlService by 91.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 46,495 shares of the business services provider’s stock worth $1,916,000 after acquiring an additional 22,175 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of ExlService by 33.6% in the 4th quarter. Truist Financial Corp now owns 50,176 shares of the business services provider’s stock valued at $2,129,000 after acquiring an additional 12,612 shares during the last quarter. Finally, Composition Wealth LLC increased its holdings in shares of ExlService by 1.6% during the 4th quarter. Composition Wealth LLC now owns 20,230 shares of the business services provider’s stock valued at $859,000 after purchasing an additional 314 shares in the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

About ExlService

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.