Insider Selling: ExlService Holdings, Inc. (NASDAQ:EXLS) CEO Sells $4,566,000.00 in Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) CEO Rohit Kapoor sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $45.66, for a total transaction of $4,566,000.00. Following the transaction, the chief executive officer now owns 789,645 shares of the company’s stock, valued at approximately $36,055,190.70. This trade represents a 11.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, November 12th, Rohit Kapoor sold 100,000 shares of ExlService stock. The shares were sold at an average price of $46.87, for a total transaction of $4,687,000.00.
• On Monday, November 4th, Rohit Kapoor sold 100,000 shares of ExlService stock. The shares were sold at an average price of $42.07, for a total transaction of $4,207,000.00.
• 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 shares were sold at an average price of $36.18, for a total transaction of $1,266,300.00.

ExlService Price Performance

NASDAQ EXLS opened at $45.42 on Friday. The company has a 50 day simple moving average of $39.56 and a 200-day simple moving average of $34.79. 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 firm has a market capitalization of $7.31 billion, a price-to-earnings ratio of 39.84, a price-to-earnings-growth ratio of 2.28 and a beta of 0.99. ExlService Holdings, Inc. has a 52-week low of $27.27 and a 52-week high of $47.32.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Robert W. Baird upped their price objective on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. upped their price objective on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Citigroup upped 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. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and upped their price objective for the company from $35.00 to $42.00 in a research note on Monday, September 9th. One investment 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, ExlService has a consensus rating of “Moderate Buy” and a consensus target price of $42.86.

Hedge Funds Weigh In On ExlService

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in ExlService by 0.9% during the first quarter. Vanguard Group Inc. now owns 17,176,353 shares of the business services provider’s stock valued at $546,208,000 after acquiring an additional 160,723 shares in the last quarter. Mackenzie Financial Corp raised 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 valued at $238,869,000 after acquiring an additional 233,108 shares in the last quarter. William Blair Investment Management LLC raised its position in ExlService by 46.5% during 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 in the last quarter. Geneva Capital Management LLC raised its position in ExlService by 1.9% during the third quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock valued at $179,092,000 after acquiring an additional 87,592 shares in the last quarter. Finally, Boston Trust Walden Corp raised its position in ExlService by 1.2% during the second quarter. Boston Trust Walden Corp now owns 3,760,723 shares of the business services provider’s stock valued at $117,936,000 after acquiring an additional 46,302 shares in the last quarter. Institutional investors 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.