Jaynie M. Studenmund Sells 3,645 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) Director Jaynie M. Studenmund sold 3,645 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total transaction of $160,562.25. Following the completion of the transaction, the director now owns 14,580 shares in the company, valued at approximately $642,249. This trade represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

ExlService Trading Up 1.2 %

NASDAQ:EXLS opened at $46.21 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. ExlService Holdings, Inc. has a fifty-two week low of $27.95 and a fifty-two week high of $47.32. The stock’s 50-day moving average is $40.44 and its two-hundred day moving average is $35.32. The stock has a market cap of $7.43 billion, a PE ratio of 40.54, a price-to-earnings-growth ratio of 2.22 and a beta of 0.99.

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. The business had revenue of $472.07 million during the quarter, compared to analysts’ expectations of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 EPS. As a group, equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Citigroup increased their target price on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. Robert W. Baird increased 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. Finally, Jefferies Financial Group upgraded ExlService from a “hold” rating to a “buy” rating and increased their target price 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.86.

Institutional Investors Weigh In On ExlService

Several large investors have recently made changes to their positions in EXLS. Orion Portfolio Solutions LLC boosted its position in ExlService by 60.7% during the first quarter. Orion Portfolio Solutions LLC now owns 26,750 shares of the business services provider’s stock worth $851,000 after purchasing an additional 10,101 shares during the period. Vanguard Group Inc. boosted 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 worth $546,208,000 after purchasing an additional 160,723 shares during the period. Sheaff Brock Investment Advisors LLC boosted its position in ExlService by 16.2% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 47,424 shares of the business services provider’s stock worth $1,508,000 after purchasing an additional 6,618 shares during the period. Silvercrest Asset Management Group LLC bought a new stake in ExlService during the first quarter worth approximately $19,417,000. Finally, New Covenant Trust Company N.A. bought a new stake in ExlService during the first quarter worth approximately $30,000. 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.