Maurizio Nicolelli Sells 13,753 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) Stock

ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) CFO Maurizio Nicolelli sold 13,753 shares of ExlService stock in a transaction on Monday, January 27th. The shares were sold at an average price of $49.14, for a total transaction of $675,822.42. Following the completion of the sale, the chief financial officer now directly owns 194,440 shares of the company's stock, valued at approximately $9,554,781.60. The trade was a 6.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

ExlService Stock Performance

Shares of NASDAQ EXLS traded down $0.23 during mid-day trading on Friday, reaching $50.26. 890,105 shares of the company's stock were exchanged, compared to its average volume of 905,386. The firm has a 50-day moving average price of $46.41 and a two-hundred day moving average price of $41.05. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The firm has a market capitalization of $8.09 billion, a price-to-earnings ratio of 44.09, a price-to-earnings-growth ratio of 2.09 and a beta of 1.02. ExlService Holdings, Inc. has a 52 week low of $28.16 and a 52 week high of $51.07.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Citigroup raised their price target on shares of ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a research report on Monday, October 14th. 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. StockNews.com raised ExlService from a "hold" rating to a "buy" rating in a research report on Sunday. Needham & Company LLC lifted their price objective on shares of ExlService from $40.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, Robert W. Baird increased their target price on shares of ExlService from $40.00 to $44.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $45.00.

Institutional Trading of ExlService

Hedge funds have recently added to or reduced their stakes in the stock. Fiera Capital Corp increased its stake in shares of ExlService by 497.8% during the 3rd quarter. Fiera Capital Corp now owns 800,763 shares of the business services provider's stock worth $30,549,000 after purchasing an additional 666,805 shares during the last quarter. Handelsbanken Fonder AB increased its position in ExlService by 1,216.2% in the third quarter. Handelsbanken Fonder AB now owns 530,290 shares of the business services provider's stock worth $20,231,000 after buying an additional 490,000 shares during the last quarter. Loomis Sayles & Co. L P purchased a new stake in ExlService in the third quarter worth $17,198,000. Barclays PLC raised its stake in shares of ExlService by 62.6% in the third quarter. Barclays PLC now owns 446,605 shares of the business services provider's stock valued at $17,040,000 after buying an additional 171,912 shares during the period. Finally, Castleark Management LLC purchased a new position in shares of ExlService during the 3rd quarter valued at $6,045,000. 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.