ExlService (NASDAQ:EXLS) Insider Vikas Bhalla Sells 11,000 Shares

Key Points

• ExlService insider Vikas Bhalla sold 11,000 shares at an average price of $34.99, generating $384,890. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his ownership by 7.79% to 130,295 shares.
• ExlService shares opened at $33.68, with a market capitalization of approximately $5.11 billion. Institutional investors own 92.92% of the company’s stock.
• Analyst sentiment remains favorable overall, with six Buy ratings and one Sell rating producing a consensus “Moderate Buy” rating and an average price target of $43.50.

ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report) insider Vikas Bhalla sold 11,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $34.99, for a total value of $384,890.00. Following the transaction, the insider owned 130,295 shares of the company's stock, valued at approximately $4,559,022.05. This trade represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vikas Bhalla also recently made the following trade(s):

• On Thursday, June 4th, Vikas Bhalla sold 12,000 shares of ExlService stock. The stock was sold at an average price of $30.22, for a total transaction of $362,640.00.

ExlService Price Performance

EXLS opened at $33.68 on Thursday. The stock has a market capitalization of $5.11 billion, a PE ratio of 21.18, a P/E/G ratio of 1.38 and a beta of 0.80. The firm's fifty day moving average price is $28.62 and its 200 day moving average price is $30.73. ExlService Holdings, Inc. has a 12-month low of $24.85 and a 12-month high of $45.08.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC increased its holdings in shares of ExlService by 277.7% in the 1st quarter. Empowered Funds LLC now owns 17,384 shares of the business services provider's stock worth $821,000 after acquiring an additional 12,781 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in ExlService by 4.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 497,474 shares of the business services provider's stock worth $23,486,000 after purchasing an additional 19,769 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of ExlService in the first quarter valued at approximately $10,084,000. EverSource Wealth Advisors LLC raised its holdings in shares of ExlService by 575.2% during the second quarter. EverSource Wealth Advisors LLC now owns 2,883 shares of the business services provider's stock valued at $126,000 after buying an additional 2,456 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of ExlService during the second quarter worth approximately $1,704,000. 92.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Weiss Ratings cut shares of ExlService from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, June 30th. Needham & Company LLC upped their price objective on ExlService from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Robert W. Baird set a $45.00 target price on ExlService and gave the stock an "outperform" rating in a report on Thursday, July 30th. TD Cowen reiterated a "buy" rating and issued a $39.00 price target (down from $45.00) on shares of ExlService in a report on Thursday, July 9th. Finally, Barrington Research set a $43.00 price objective on ExlService in a research note on Thursday, July 30th. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.50.

ExlService Company Profile

ExlService Holdings, Inc NASDAQ: EXLS is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.

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