ExlService Holdings, Inc. (NASDAQ:EXLS) CEO Sells $4,207,000.00 in Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) CEO Rohit Kapoor sold 100,000 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $42.07, for a total value of $4,207,000.00. Following the sale, the chief executive officer now owns 1,190,240 shares of the company’s stock, valued at $50,073,396.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Rohit Kapoor also recently made the following trade(s):

• On Friday, November 1st, Rohit Kapoor sold 100,000 shares of ExlService stock. The shares were sold at an average price of $41.45, for a total transaction of $4,145,000.00.
• On Thursday, August 29th, Rohit Kapoor sold 35,000 shares of ExlService stock. The stock was sold at an average price of $36.18, for a total transaction of $1,266,300.00.
• On Thursday, August 8th, Rohit Kapoor sold 40,000 shares of ExlService stock. The stock was sold at an average price of $34.05, for a total value of $1,362,000.00.

ExlService Trading Up 4.8 %

Shares of ExlService stock traded up $2.07 during trading on Wednesday, reaching $45.15. 2,003,029 shares of the stock were exchanged, compared to its average volume of 955,118. The stock’s fifty day moving average is $38.19 and its 200 day moving average is $34.06. ExlService Holdings, Inc. has a 1 year low of $26.23 and a 1 year high of $45.44. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of 37.79, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $472.07 million during the quarter, compared to analyst estimates of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter last year, the company earned $0.30 EPS. As a group, equities research analysts expect that ExlService Holdings, Inc. will post 1.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EXLS has been the subject of a number of research reports. Robert W. Baird raised their price objective on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research note on Monday. Citigroup raised their price objective on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and upped their target price for the stock from $35.00 to $42.00 in a report on Monday, September 9th. Finally, Needham & Company LLC raised their price target on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.86.

Institutional Investors Weigh In On ExlService

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of ExlService by 0.9% in the first quarter. Vanguard Group Inc. now owns 17,176,353 shares of the business services provider’s stock worth $546,208,000 after purchasing an additional 160,723 shares during the period. Mackenzie Financial Corp lifted its stake in shares of ExlService by 3.2% during the 2nd quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock valued at $238,869,000 after buying an additional 233,108 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in ExlService by 46.5% in the 2nd quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider’s stock worth $159,871,000 after buying an additional 1,618,003 shares during the period. Geneva Capital Management LLC increased its stake in ExlService by 1.9% in the 3rd quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock worth $179,092,000 after buying an additional 87,592 shares in the last quarter. Finally, Boston Trust Walden Corp grew its holdings in ExlService by 1.2% during the 2nd quarter. Boston Trust Walden Corp now owns 3,760,723 shares of the business services provider’s stock valued at $117,936,000 after buying an additional 46,302 shares in the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

About ExlService

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also 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.