ExlService Holdings, Inc. (NASDAQ:EXLS) Insider Sells $1,152,750.00 in Stock

ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) insider Vikas Bhalla sold 25,000 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $46.11, for a total transaction of $1,152,750.00. Following the transaction, the insider now owns 135,046 shares in the company, valued at approximately $6,226,971.06. The trade was a 15.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

ExlService Stock Performance

NASDAQ EXLS traded up $1.32 during trading hours on Monday, reaching $46.85. 1,449,178 shares of the company were exchanged, compared to its average volume of 1,028,866. ExlService Holdings, Inc. has a 1 year low of $28.59 and a 1 year high of $52.43. The business's 50 day simple moving average is $45.69 and its 200-day simple moving average is $46.33. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $7.62 billion, a P/E ratio of 41.10, a P/E/G ratio of 2.11 and a beta of 0.86.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $501.02 million during the quarter, compared to the consensus estimate of $489.66 million. During the same quarter last year, the company posted $0.38 earnings per share. The firm's quarterly revenue was up 14.8% compared to the same quarter last year. On average, equities research analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on EXLS. StockNews.com upgraded shares of ExlService from a "hold" rating to a "buy" rating in a report on Friday. Needham & Company LLC increased their target price on shares of ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. increased their target price on shares of ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Jefferies Financial Group increased their target price on shares of ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Finally, Stifel Nicolaus increased their target price on shares of ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $52.33.

Institutional Trading of ExlService

A number of large investors have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of ExlService by 1.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,270 shares of the business services provider's stock valued at $633,000 after buying an additional 214 shares in the last quarter. Balboa Wealth Partners boosted its holdings in shares of ExlService by 5.0% during the 1st quarter. Balboa Wealth Partners now owns 5,140 shares of the business services provider's stock valued at $243,000 after buying an additional 244 shares in the last quarter. Xponance Inc. boosted its holdings in shares of ExlService by 1.2% during the 1st quarter. Xponance Inc. now owns 23,630 shares of the business services provider's stock valued at $1,116,000 after buying an additional 270 shares in the last quarter. Kensington Investment Counsel LLC boosted its holdings in shares of ExlService by 0.7% during the 4th quarter. Kensington Investment Counsel LLC now owns 39,207 shares of the business services provider's stock valued at $1,740,000 after buying an additional 282 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in ExlService by 1.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,112 shares of the business services provider's stock worth $713,000 after purchasing an additional 286 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company's stock.

About ExlService

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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