ExlService (NASDAQ:EXLS) EVP Sells $345,088.42 in Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Ajay Ayyappan sold 8,114 shares of the company’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $42.53, for a total transaction of $345,088.42. Following the completion of the sale, the executive vice president directly owned 53,515 shares in the company, valued at approximately $2,275,992.95. This represents a 13.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

ExlService Stock Up 1.4%

Shares of NASDAQ:EXLS opened at $39.15 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.91 and a current ratio of 2.91. The business’s 50 day simple moving average is $41.62 and its two-hundred day simple moving average is $41.91. The firm has a market cap of $6.21 billion, a P/E ratio of 26.63, a PEG ratio of 1.56 and a beta of 0.91. ExlService Holdings, Inc. has a 52-week low of $37.30 and a 52-week high of $52.43.

ExlService (NASDAQ:EXLS) last posted its earnings results on Tuesday, October 28th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. ExlService had a net margin of 11.91% and a return on equity of 25.60%. The firm had revenue of $529.59 million during the quarter, compared to analyst estimates of $522.35 million. During the same quarter in the prior year, the business posted $0.44 EPS. The business’s revenue was up 12.2% compared to the same quarter last year. As a group, research analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Institutional Trading of ExlService

Several institutional investors and hedge funds have recently bought and sold shares of the stock. State of New Jersey Common Pension Fund D lifted its stake in shares of ExlService by 5.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 55,632 shares of the business services provider’s stock valued at $2,361,000 after purchasing an additional 2,958 shares during the period. M&T Bank Corp grew its position in shares of ExlService by 34.8% in the 4th quarter. M&T Bank Corp now owns 6,274 shares of the business services provider’s stock worth $267,000 after buying an additional 1,621 shares during the period. Pictet Asset Management Holding SA increased its stake in shares of ExlService by 5.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 22,632 shares of the business services provider’s stock worth $961,000 after acquiring an additional 1,270 shares in the last quarter. UBS Group AG boosted its stake in ExlService by 103.6% during the fourth quarter. UBS Group AG now owns 1,091,714 shares of the business services provider’s stock worth $46,332,000 after acquiring an additional 555,382 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in ExlService by 77.7% in the fourth quarter. Concurrent Investment Advisors LLC now owns 25,562 shares of the business services provider’s stock worth $1,085,000 after purchasing an additional 11,175 shares during the period. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on EXLS. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ExlService in a report on Thursday, January 22nd. TD Cowen decreased their target price on ExlService from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, January 9th. Finally, Wall Street Zen cut shares of ExlService from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $53.00.

ExlService Company Profile

ExlService Holdings, Inc (NASDAQ: EXLS) is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.