ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) EVP Anita Mahon sold 10,558 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total value of $484,823.36. Following the completion of the transaction, the executive vice president now directly owns 94,443 shares in the company, valued at $4,336,822.56. This trade represents a 10.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
ExlService Stock Up 1.7 %
NASDAQ:EXLS traded up $0.75 during mid-day trading on Friday, hitting $46.16. The company had a trading volume of 1,035,953 shares, compared to its average volume of 1,102,113. The business has a fifty day simple moving average of $48.48 and a 200-day simple moving average of $43.90. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of 40.49, a PEG ratio of 2.11 and a beta of 1.10. ExlService Holdings, Inc. has a 1 year low of $28.16 and a 1 year high of $52.43.
ExlService (NASDAQ:EXLS - Get Free Report) last posted its earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.08). The company had revenue of $481.43 million during the quarter, compared to the consensus estimate of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. Equities analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms have commented on EXLS. StockNews.com upgraded ExlService from a "hold" rating to a "buy" rating in a research note on Sunday, February 2nd. Needham & Company LLC lifted their price target on ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Jefferies Financial Group lifted their target price on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Finally, Stifel Nicolaus boosted their price objective on ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $47.38.
Get Our Latest Stock Analysis on ExlService
Hedge Funds Weigh In On ExlService
Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in ExlService by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider's stock valued at $699,925,000 after acquiring an additional 215,485 shares during the period. FMR LLC increased its holdings in shares of ExlService by 39.4% in the fourth quarter. FMR LLC now owns 9,364,312 shares of the business services provider's stock valued at $415,588,000 after purchasing an additional 2,647,937 shares in the last quarter. State Street Corp increased its holdings in shares of ExlService by 1.0% in the third quarter. State Street Corp now owns 5,837,311 shares of the business services provider's stock valued at $222,693,000 after purchasing an additional 59,196 shares in the last quarter. Geode Capital Management LLC boosted its stake in ExlService by 3.6% in the third quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider's stock valued at $165,083,000 after acquiring an additional 149,856 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of ExlService by 0.8% during the third quarter. Thrivent Financial for Lutherans now owns 2,747,332 shares of the business services provider's stock worth $104,810,000 after purchasing an additional 21,358 shares in the last quarter. 92.92% of the stock is owned by institutional investors and hedge funds.
About ExlService
(
Get Free Report)
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.
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