Insider Selling: ExlService Holdings, Inc. (NASDAQ:EXLS) EVP Sells 1,865 Shares of Stock

ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) EVP Ajay Ayyappan sold 1,865 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $48.32, for a total value of $90,116.80. Following the transaction, the executive vice president now directly owns 40,986 shares of the company's stock, valued at approximately $1,980,443.52. The trade was a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, February 19th, Ajay Ayyappan sold 4,989 shares of ExlService stock. The shares were sold at an average price of $50.70, for a total value of $252,942.30.
• On Monday, February 10th, Ajay Ayyappan sold 16,186 shares of ExlService stock. The stock was sold at an average price of $51.50, for a total value of $833,579.00.

ExlService Stock Up 0.0 %

ExlService stock traded up $0.01 during mid-day trading on Friday, hitting $46.77. The company's stock had a trading volume of 267,041 shares, compared to its average volume of 1,088,753. 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 52-week low of $28.16 and a 52-week high of $52.43. The firm's 50 day moving average is $48.30 and its 200 day moving average is $43.53. The company has a market cap of $7.59 billion, a PE ratio of 41.07, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03.

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ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.08). ExlService had a return on equity of 23.23% and a net margin of 10.61%. The firm had revenue of $481.43 million for the quarter, compared to analysts' expectations of $475.68 million. On average, analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

EXLS has been the subject of several research reports. Jefferies Financial Group raised their price objective on shares of ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. StockNews.com upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research report on Sunday, February 2nd. Needham & Company LLC upped their price target on ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Stifel Nicolaus raised their price objective on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, ExlService has a consensus rating of "Moderate Buy" and an average target price of $47.38.

Hedge Funds Weigh In On ExlService

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mather Group LLC. acquired a new position in shares of ExlService during the 4th quarter worth $25,000. Kestra Investment Management LLC acquired a new position in ExlService during the fourth quarter worth $26,000. Ashton Thomas Securities LLC bought a new position in ExlService during the third quarter valued at about $27,000. Huntington National Bank raised its holdings in ExlService by 2,827.5% during the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider's stock valued at $45,000 after buying an additional 1,131 shares in the last quarter. Finally, Morse Asset Management Inc acquired a new stake in shares of ExlService in the fourth quarter worth about $49,000. 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.