ExlService (NASDAQ:EXLS) EVP Ajay Ayyappan Sells 5,100 Shares of Company Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Ajay Ayyappan sold 5,100 shares of the firm’s stock in a transaction that occurred on Thursday, November 12th. The stock was sold at an average price of $44.00, for a total transaction of $224,400.00. Following the sale, the executive vice president owned 43,894 shares of the company’s stock, valued at $1,931,336. This trade represents a 10.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

ExlService Stock Performance

Shares of NASDAQ:EXLS traded up $0.15 during trading on Friday, reaching $43.25. 1,012,448 shares of the stock were exchanged, compared to its average volume of 2,573,263. ExlService Holdings, Inc. has a 12 month low of $24.85 and a 12 month high of $44.36. The stock has a 50-day moving average price of $38.45 and a 200-day moving average price of $32.85. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.54. The firm has a market cap of $6.52 billion, a PE ratio of 25.74, a PEG ratio of 1.51 and a beta of 0.83.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, October 27th. The business services provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.06. The company had revenue of $633.96 million for the quarter, compared to analyst estimates of $615.51 million. ExlService had a return on equity of 32.53% and a net margin of 11.13%. The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 earnings per share. Research analysts expect that ExlService Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Hedge Funds Weigh In On ExlService

Hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC boosted its holdings in shares of ExlService by 32.7% in the 2nd quarter. Hsbc Holdings PLC now owns 330,181 shares of the business services provider’s stock valued at $8,391,000 after purchasing an additional 81,379 shares in the last quarter. Legal & General Group Plc bought a new position in shares of ExlService in the 2nd quarter valued at $5,429,000. Squarepoint Ops LLC raised its holdings in shares of ExlService by 85.0% during the 2nd quarter. Squarepoint Ops LLC now owns 201,805 shares of the business services provider’s stock worth $5,219,000 after buying an additional 92,697 shares in the last quarter. Walleye Capital LLC raised its holdings in shares of ExlService by 1,422.3% during the 1st quarter. Walleye Capital LLC now owns 244,509 shares of the business services provider’s stock worth $7,445,000 after buying an additional 228,447 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new position in shares of ExlService during the 1st quarter worth $3,794,000. Institutional investors own 92.92% of the company’s stock.

Analyst Upgrades and Downgrades

EXLS has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on shares of ExlService from $48.00 to $49.00 and gave the company an “overweight” rating in a research report on Thursday, October 29th. Needham & Company LLC raised their price target on shares of ExlService from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, October 28th. Weiss Ratings upgraded shares of ExlService from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, October 26th. Robert W. Baird set a $45.00 price objective on shares of ExlService and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Finally, Barrington Research boosted their price objective on shares of ExlService from $43.00 to $48.00 and gave the company an “outperform” rating in a report on Thursday, October 29th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, ExlService has an average rating of “Moderate Buy” and a consensus target price of $48.17.

ExlService Company Profile

ExlService Holdings, commonly known as EXL, is a global data analytics and digital operations company. Founded in 1999, it helps organizations use data, technology and artificial intelligence to improve business processes and customer experiences. EXL provides services including data and analytics, consulting, automation and business process management. Its work spans industries such as insurance, healthcare, banking and financial services, utilities, retail and travel. The company serves clients in multiple countries through a global network of delivery centers.