ExlService Holdings, Inc. (NASDAQ:EXLS) Insider Sells $954,952.18 in Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) insider Vikas Bhalla sold 22,813 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $41.86, for a total value of $954,952.18. Following the completion of the sale, the insider now owns 102,825 shares of the company’s stock, valued at approximately $4,304,254.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Vikas Bhalla also recently made the following trade(s):

• On Monday, August 12th, Vikas Bhalla sold 11,190 shares of ExlService stock. The shares were sold at an average price of $34.25, for a total transaction of $383,257.50.

ExlService Price Performance

Shares of ExlService stock traded up $2.07 during trading hours on Wednesday, hitting $45.15. The company’s stock had a trading volume of 2,003,029 shares, compared to its average volume of 955,118. The company has a market cap of $7.26 billion, a PE ratio of 37.79, a PEG ratio of 2.00 and a beta of 0.99. The business has a 50 day moving average price of $38.19 and a two-hundred day moving average price of $34.06. ExlService Holdings, Inc. has a 12-month low of $26.23 and a 12-month high of $45.44. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02.

ExlService (NASDAQ:EXLS) last issued its earnings results on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, topping 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 business had revenue of $472.07 million for the quarter, compared to analyst estimates of $460.73 million. During the same period last year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. Analysts expect that ExlService Holdings, Inc. will post 1.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on EXLS shares. Robert W. Baird boosted their target price on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Citigroup upped their price target on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Monday. JPMorgan Chase & Co. raised their price objective on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Finally, Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and raised their price objective for the company from $35.00 to $42.00 in a research note on Monday, September 9th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.86.

Institutional Investors Weigh In On ExlService

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in ExlService by 0.9% in the 1st 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 increased its position in ExlService by 3.2% during the second quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock worth $238,869,000 after purchasing an additional 233,108 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in ExlService by 46.5% in the second quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider’s stock valued at $159,871,000 after acquiring an additional 1,618,003 shares during the last quarter. Geneva Capital Management LLC lifted its stake in shares of 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 valued at $179,092,000 after purchasing an additional 87,592 shares during the last quarter. Finally, Boston Trust Walden Corp increased its position in shares of 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 worth $117,936,000 after purchasing an additional 46,302 shares during the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

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.