Ajay Ayyappan Sells 1,197 Shares of ExlService (NASDAQ:EXLS) Stock

ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Ajay Ayyappan sold 1,197 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $29.79, for a total transaction of $35,658.63. Following the completion of the transaction, the executive vice president directly owned 53,901 shares of the company’s stock, valued at $1,605,710.79. This trade represents a 2.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, February 18th, Ajay Ayyappan sold 2,275 shares of ExlService stock. The stock was sold at an average price of $30.32, for a total value of $68,978.00.
• On Tuesday, January 27th, Ajay Ayyappan sold 8,114 shares of ExlService stock. The stock was sold at an average price of $42.53, for a total transaction of $345,088.42.

ExlService Stock Performance

NASDAQ EXLS opened at $30.99 on Friday. ExlService Holdings, Inc. has a fifty-two week low of $26.94 and a fifty-two week high of $50.60. The firm has a market capitalization of $4.85 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 1.16 and a beta of 0.88. The stock’s fifty day moving average is $37.95 and its two-hundred day moving average is $40.39. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.91 and a current ratio of 2.56.

Key Headlines Impacting ExlService

Here are the key news stories impacting ExlService this week:

• Positive Sentiment: Q4 results beat consensus and management raised FY‑2026 outlook (EPS guidance above the street), supporting the rally by showing stronger near‑term fundamentals. EXL Reports 2025 Fourth Quarter and Year‑End Results; Issues 2026 Guidance
• Positive Sentiment: Management projects 9%–11% organic growth for 2026 and is expanding AI‑led services, giving a clear growth runway that could justify re‑rating if execution continues. ExlService expects 9%-11% organic growth in 2026 while expanding AI‑led services
• Positive Sentiment: Management commentary on buybacks, cloud migration and shifting targets signals capital‑allocation and product‑mix moves toward higher‑margin, scalable offerings — a structural positive if margins expand. How The ExlService (EXLS) Story Is Shifting With New Targets Buybacks And Cloud Moves
• Neutral Sentiment: Analysts lowered price targets but largely retained Buy ratings (TD Cowen cut its PT to $45; Stifel cut to $46) — that reduces some upside expectations but still implies significant upside from current levels. Assessing ExlService Hldgs: Insights From 4 Financial Analysts Exlservice (EXLS) PT Lowered to $46 at Stifel
• Negative Sentiment: Insider selling disclosed — EVP Ajay Ayyappan sold shares (modest size), which can be perceived negatively by some investors even if not large enough to signal loss of confidence. SEC Form 4 — Insider Sale
• Negative Sentiment: Technical risk: shares remain below the 50‑ and 200‑day moving averages, which can cap near‑term upside while momentum traders wait for a sustained trend reversal.

Wall Street Analyst Weigh In

EXLS has been the subject of a number of research reports. Wall Street Zen upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Robert W. Baird set a $35.00 price target on shares of ExlService in a report on Wednesday. Stifel Nicolaus decreased their price objective on shares of ExlService from $54.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday. TD Cowen lowered their price objective on shares of ExlService from $51.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price (down from $55.00) on shares of ExlService in a research report on Wednesday. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, ExlService presently has an average rating of “Moderate Buy” and a consensus target price of $43.60.

Institutional Trading of ExlService

Several large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in shares of ExlService by 9.5% during the 4th quarter. JPMorgan Chase & Co. now owns 5,927,793 shares of the business services provider’s stock worth $251,576,000 after acquiring an additional 514,911 shares in the last quarter. Geneva Capital Management LLC lifted its stake in shares of ExlService by 7.7% in the second quarter. Geneva Capital Management LLC now owns 5,013,398 shares of the business services provider’s stock valued at $219,537,000 after buying an additional 357,833 shares during the period. Invesco Ltd. raised its stake in shares of ExlService by 193.6% in the second quarter. Invesco Ltd. now owns 4,645,745 shares of the business services provider’s stock valued at $203,437,000 after purchasing an additional 3,063,510 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of ExlService by 109.7% during the 4th quarter. AQR Capital Management LLC now owns 4,118,625 shares of the business services provider’s stock worth $174,794,000 after acquiring an additional 2,154,652 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in ExlService by 10.7% during the fourth quarter. Handelsbanken Fonder AB now owns 3,781,036 shares of the business services provider’s stock worth $160,467,000 after purchasing an additional 364,146 shares during the period. 92.92% of the stock is owned by institutional investors.

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.