ExlService (NASDAQ:EXLS) EVP Sells $68,978.00 in Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Ajay Ayyappan sold 2,275 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $30.32, for a total transaction of $68,978.00. Following the completion of the transaction, the executive vice president owned 53,768 shares of the company’s stock, valued at $1,630,245.76. The trade was a 4.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Ajay Ayyappan also recently made the following trade(s):

• On Tuesday, January 27th, Ajay Ayyappan sold 8,114 shares of ExlService stock. The shares were sold at an average price of $42.53, for a total transaction of $345,088.42.

ExlService Price Performance

Shares of EXLS stock traded down $0.49 on Thursday, hitting $30.41. 2,180,401 shares of the company’s stock were exchanged, compared to its average volume of 1,953,645. ExlService Holdings, Inc. has a 12 month low of $28.62 and a 12 month high of $51.51. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.91 and a quick ratio of 2.91. The company has a 50 day moving average of $39.43 and a 200 day moving average of $40.91. The stock has a market cap of $4.83 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 1.22 and a beta of 0.88.

Institutional Trading of ExlService

A number of large investors have recently bought and sold shares of the business. Securian Asset Management Inc. grew its stake in ExlService by 1.9% during the second quarter. Securian Asset Management Inc. now owns 12,390 shares of the business services provider’s stock worth $543,000 after purchasing an additional 228 shares during the period. Huntington National Bank lifted its stake in ExlService by 14.4% in the second quarter. Huntington National Bank now owns 1,953 shares of the business services provider’s stock valued at $86,000 after buying an additional 246 shares during the period. True Wealth Design LLC boosted its holdings in shares of ExlService by 57.2% during the 4th quarter. True Wealth Design LLC now owns 706 shares of the business services provider’s stock worth $30,000 after buying an additional 257 shares in the last quarter. Private Trust Co. NA grew its position in shares of ExlService by 56.2% during the 4th quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock worth $30,000 after buying an additional 258 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of ExlService by 15.0% in the 4th quarter. Fifth Third Bancorp now owns 1,982 shares of the business services provider’s stock valued at $84,000 after acquiring an additional 259 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EXLS. TD Cowen dropped their price target on ExlService from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, January 9th. Wall Street Zen upgraded ExlService from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of ExlService in a report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, ExlService currently has an average rating of “Moderate Buy” and an average target price of $53.00.

About ExlService

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.