Maurizio Nicolelli Sells 13,753 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) CFO Maurizio Nicolelli sold 13,753 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $49.14, for a total value of $675,822.42. Following the completion of the sale, the chief financial officer now owns 194,440 shares of the company’s stock, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

ExlService Stock Performance

Shares of EXLS stock traded down $0.32 during trading hours on Wednesday, reaching $49.90. 565,646 shares of the company traded hands, compared to its average volume of 1,005,930. The firm has a 50-day moving average price of $46.12 and a 200 day moving average price of $40.71. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The company has a market cap of $8.03 billion, a P/E ratio of 43.77, a P/E/G ratio of 2.08 and a beta of 1.02. ExlService Holdings, Inc. has a 12-month low of $28.16 and a 12-month high of $51.07.

ExlService (NASDAQ:EXLS) last issued its earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The firm had revenue of $472.07 million during the quarter, compared to analyst estimates of $460.73 million. During the same period in the previous year, the firm earned $0.30 earnings per share. The business’s revenue was up 14.9% on a year-over-year basis. As a group, sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EXLS has been the topic of a number of research analyst reports. StockNews.com downgraded shares of ExlService from a “buy” rating to a “hold” rating in a research note on Saturday. Jefferies Financial Group upped their price objective on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Citigroup raised their price objective on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Needham & Company LLC increased their price target on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Robert W. Baird boosted their target price on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, ExlService presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

Hedge Funds Weigh In On ExlService

Several hedge funds and other institutional investors have recently bought and sold shares of EXLS. Mercer Global Advisors Inc. ADV increased its stake in shares of ExlService by 3.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider’s stock valued at $279,000 after purchasing an additional 291 shares in the last quarter. Algert Global LLC raised its position in shares of ExlService by 15.1% in the second quarter. Algert Global LLC now owns 127,490 shares of the business services provider’s stock valued at $3,998,000 after buying an additional 16,695 shares during the last quarter. Creative Planning boosted its holdings in shares of ExlService by 26.0% during the 2nd quarter. Creative Planning now owns 21,913 shares of the business services provider’s stock worth $687,000 after purchasing an additional 4,517 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in ExlService by 12.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 25,300 shares of the business services provider’s stock valued at $793,000 after buying an additional 2,800 shares in the last quarter. Finally, Truist Financial Corp purchased a new position in ExlService during the second quarter worth about $334,000. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Company Profile

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.