ExlService (NASDAQ:EXLS) Insider Sells $350,080.00 in Stock

Key Points

• ExlService insider Vikas Bhalla sold 8,000 shares of the company’s stock for $350,080, resulting in a 5.92% decrease in their holdings.
• The company's stock is currently down 1.2%, trading at $43.59, with a market capitalization of $7.04 billion.
• ExlService reported $0.49 EPS for the last quarter, exceeding expectations, and is projected to guide between $1.860 to $1.900 EPS for FY 2025.

ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) insider Vikas Bhalla sold 8,000 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $43.76, for a total transaction of $350,080.00. Following the completion of the transaction, the insider directly owned 127,046 shares of the company's stock, valued at approximately $5,559,532.96. The trade was a 5.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

ExlService Trading Up 0.6%

EXLS stock traded up $0.24 during midday trading on Wednesday, reaching $42.57. 1,341,378 shares of the company traded hands, compared to its average volume of 1,175,336. The firm has a market capitalization of $6.88 billion, a price-to-earnings ratio of 29.56, a P/E/G ratio of 1.87 and a beta of 0.84. ExlService Holdings, Inc. has a 52-week low of $35.76 and a 52-week high of $52.43. The business has a 50 day moving average of $43.07 and a 200-day moving average of $44.88. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.15 and a current ratio of 3.15.

ExlService (NASDAQ:EXLS - Get Free Report) last released its earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.04. The firm had revenue of $514.46 million for the quarter, compared to the consensus estimate of $504.87 million. ExlService had a return on equity of 25.38% and a net margin of 12.00%.The company's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. As a group, sell-side analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ExlService

A number of large investors have recently made changes to their positions in EXLS. Ameriprise Financial Inc. lifted its position in ExlService by 17.4% during the 4th quarter. Ameriprise Financial Inc. now owns 390,158 shares of the business services provider's stock worth $17,315,000 after acquiring an additional 57,706 shares during the period. Bank of America Corp DE lifted its holdings in shares of ExlService by 13.1% during the fourth quarter. Bank of America Corp DE now owns 1,084,413 shares of the business services provider's stock worth $48,126,000 after purchasing an additional 125,755 shares during the period. Captrust Financial Advisors purchased a new stake in ExlService in the fourth quarter valued at approximately $234,000. Cetera Investment Advisers increased its holdings in ExlService by 5.0% in the 4th quarter. Cetera Investment Advisers now owns 19,943 shares of the business services provider's stock worth $885,000 after buying an additional 958 shares during the period. Finally, Deutsche Bank AG increased its holdings in ExlService by 0.5% in the 4th quarter. Deutsche Bank AG now owns 175,050 shares of the business services provider's stock worth $7,769,000 after buying an additional 955 shares during the period. 92.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of ExlService from $56.00 to $52.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. Needham & Company LLC reaffirmed a "buy" rating and set a $55.00 target price on shares of ExlService in a research note on Tuesday, June 3rd. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $51.33.

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.