ExlService (NASDAQ:EXLS) Hits New 52-Week Low – Time to Sell?

ExlService Holdings, Inc. (NASDAQ:EXLS)’s share price reached a new 52-week low on Monday . The stock traded as low as $30.65 and last traded at $30.35, with a volume of 251720 shares. The stock had previously closed at $31.70.

Wall Street Analyst Weigh In

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

ExlService Stock Up 0.7%

The firm has a fifty day simple moving average of $40.67 and a 200 day simple moving average of $41.42. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.91 and a current ratio of 2.91. The company has a market cap of $4.97 billion, a PE ratio of 21.30, a PEG ratio of 1.25 and a beta of 0.88.

Insider Activity at ExlService

In other ExlService news, insider Vikas Bhalla sold 11,774 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $39.99, for a total transaction of $470,842.26. Following the transaction, the insider 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ajay Ayyappan sold 8,114 shares of ExlService stock in a transaction on 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 transaction, the executive vice president owned 53,515 shares in the company, valued at approximately $2,275,992.95. This trade represents a 13.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 4.04% of the company’s stock.

Institutional Investors Weigh In On ExlService

A number of institutional investors have recently added to or reduced their stakes in the company. Securian Asset Management Inc. raised its holdings in shares of ExlService by 1.9% in the 2nd quarter. Securian Asset Management Inc. now owns 12,390 shares of the business services provider’s stock worth $543,000 after purchasing an additional 228 shares during the period. Huntington National Bank increased its position in ExlService by 14.4% during the 2nd quarter. Huntington National Bank now owns 1,953 shares of the business services provider’s stock worth $86,000 after purchasing an additional 246 shares in the last quarter. Blue Trust Inc. increased its position in ExlService by 6.9% during the 2nd quarter. Blue Trust Inc. now owns 3,914 shares of the business services provider’s stock worth $171,000 after purchasing an additional 254 shares in the last quarter. True Wealth Design LLC raised its holdings in ExlService by 57.2% in the fourth quarter. True Wealth Design LLC now owns 706 shares of the business services provider’s stock valued at $30,000 after buying an additional 257 shares during the period. Finally, Private Trust Co. NA lifted its position in ExlService by 56.2% during the fourth quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock valued at $30,000 after buying an additional 258 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

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.