Ajay Ayyappan Sells 16,186 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) Stock

ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) EVP Ajay Ayyappan sold 16,186 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $51.50, for a total value of $833,579.00. Following the completion of the transaction, the executive vice president now directly owns 40,986 shares in the company, valued at $2,110,779. The trade was a 28.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

ExlService Price Performance

EXLS traded down $0.48 on Friday, hitting $50.93. 603,875 shares of the company's stock traded hands, compared to its average volume of 1,029,143. The company's 50 day simple moving average is $47.37 and its 200-day simple moving average is $42.23. The firm has a market cap of $8.19 billion, a price-to-earnings ratio of 44.68, a P/E/G ratio of 2.17 and a beta of 1.03. ExlService Holdings, Inc. has a one year low of $28.16 and a one year high of $52.43. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37.

Institutional Trading of ExlService

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXLS. Mather Group LLC. bought a new stake in ExlService during the 4th quarter valued at approximately $25,000. Kestra Investment Management LLC bought a new stake in ExlService in the 4th quarter worth approximately $26,000. Ashton Thomas Securities LLC bought a new stake in ExlService in the 3rd quarter worth approximately $27,000. Huntington National Bank increased its stake in ExlService by 2,827.5% in the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider's stock worth $45,000 after acquiring an additional 1,131 shares during the last quarter. Finally, USA Financial Formulas bought a new stake in ExlService in the 4th quarter worth approximately $58,000. Institutional investors own 92.92% of the company's stock.

Analysts Set New Price Targets

EXLS has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price objective on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Robert W. Baird lifted their price objective on ExlService from $40.00 to $44.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. StockNews.com raised ExlService from a "hold" rating to a "buy" rating in a research report on Sunday, February 2nd. Finally, Needham & Company LLC lifted their price objective on ExlService from $40.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, ExlService has an average rating of "Moderate Buy" and an average price target of $45.00.

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.