ExlService (NASDAQ:EXLS) Reaches New 1-Year Low – What’s Next?

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $30.65 and last traded at $30.35, with a volume of 251720 shares trading hands. The stock had previously closed at $31.70.

Wall Street Analysts Forecast Growth

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

ExlService Stock Performance

The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $4.90 billion, a PE ratio of 21.07, a PEG ratio of 1.28 and a beta of 0.89. The firm’s fifty day moving average price is $41.01 and its 200 day moving average price is $41.58.

Insider Transactions at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 8,114 shares of the company’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $42.53, for a total value of $345,088.42. Following the transaction, the executive vice president directly owned 53,515 shares of the company’s stock, valued at $2,275,992.95. This represents a 13.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Vikas Bhalla sold 11,774 shares of the firm’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 sale, the insider directly owned 115,272 shares of the company’s stock, valued at $4,609,727.28. This trade represents a 9.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 4.04% of the company’s stock.

Institutional Trading of ExlService

Several large investors have recently added to or reduced their stakes in EXLS. Summitry LLC lifted its holdings in ExlService by 20.3% in the 4th quarter. Summitry LLC now owns 18,982 shares of the business services provider’s stock worth $806,000 after purchasing an additional 3,204 shares during the last quarter. Hantz Financial Services Inc. raised its position in shares of ExlService by 183.1% in the fourth quarter. Hantz Financial Services Inc. now owns 1,353 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 875 shares during the period. MQS Management LLC raised its position in shares of ExlService by 8.0% in the fourth quarter. MQS Management LLC now owns 5,162 shares of the business services provider’s stock valued at $219,000 after purchasing an additional 384 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of ExlService by 14.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 6,907 shares of the business services provider’s stock worth $293,000 after buying an additional 880 shares during the last quarter. Finally, Legato Capital Management LLC boosted its holdings in shares of ExlService by 61.0% during the 4th quarter. Legato Capital Management LLC now owns 44,117 shares of the business services provider’s stock worth $1,872,000 after buying an additional 16,722 shares during the period. 92.92% of the stock is owned by 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.