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 directly owns 102,825 shares in the company, 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 legal filing with the SEC, which can be accessed through this hyperlink.

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

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

ExlService Stock Up 0.8 %

NASDAQ EXLS opened at $45.49 on Friday. ExlService Holdings, Inc. has a 1-year low of $26.23 and a 1-year high of $45.76. The company has a market capitalization of $7.32 billion, a price-to-earnings ratio of 39.90, a PEG ratio of 2.05 and a beta of 0.99. The stock’s 50 day moving average is $38.56 and its two-hundred day moving average is $34.21. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37.

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

Institutional Investors Weigh In On ExlService

Several large investors have recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in ExlService during the 3rd quarter valued at about $27,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of ExlService by 164.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock worth $29,000 after buying an additional 574 shares in the last quarter. New Covenant Trust Company N.A. bought a new position in shares of ExlService in the first quarter valued at approximately $30,000. Fidelis Capital Partners LLC bought a new stake in ExlService during the 1st quarter worth approximately $43,000. Finally, Huntington National Bank grew its position in ExlService by 2,827.5% during the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after acquiring an additional 1,131 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EXLS shares. Citigroup increased their price objective on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Needham & Company LLC increased their price target on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $35.00 to $42.00 in a report on Monday, September 9th. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research note on Monday. Finally, JPMorgan Chase & Co. lifted their target price on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, ExlService has a consensus rating of “Moderate Buy” and a consensus price target of $42.86.

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.